Southern Alliance Mining warns of gross and net loss for H1 2025

The net loss is expected to be higher than that of the same period last year.

Southern Alliance Mining expects to report a gross loss for H1 FY2025 from a gross profit for the same period last year.

The company also expects a higher net loss.

This will be mainly due to a decrease in the average realised selling price for iron ore concentrate, crushed iron ore, and iron ore tailing for H1 FY2025, influenced by the slowdown in demand from China’s steel industry.

The company will announce its unaudited financial results for the period by 17 March.

In the meantime, shareholders and investors are advised to exercise caution when dealing in the shares of the company.

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