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Gulf Resources Inc (GURE.OQ)

GURE.OQ on NASDAQ Stock Exchange Global Select Market

0.74USD
20 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Gulf Resources Q2 Loss Per Share $0.02
Thursday, 15 Aug 2019 

Aug 14 (Reuters) - Gulf Resources Inc ::GULF RESOURCES ANNOUNCES SECOND QUARTER 2019 FINANCIAL RESULTS.Q2 REVENUE $6.009 MILLION.Q2 LOSS PER SHARE $0.02.  Full Article

Gulf Resources Announces Impact From Typhoon Lekima
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Gulf Resources Inc ::GULF RESOURCES ANNOUNCES IMPACT FROM TYPHOON LEKIMA.GULF RESOURCES INC - FACILITIES HAVE BEEN IMPACTED BY TYPHOON LEKIMA.GULF RESOURCES INC - BELIEVES THAT ALL OF ITS MINES AND FACTORIES MAY HAVE SUSTAINED DIFFERENT LEVELS OF DAMAGE.GULF RESOURCES - AT THIS TIME BECAUSE SOME OF ELECTRICAL POWER IS DOWN, IT IS NOT YET POSSIBLE TO ESTIMATE FULL EXTENT OF DAMAGES.  Full Article

Gulf Resources Announces Temporary Suspension Of Trial Production At Its Well In Sichuan Province
Monday, 3 Jun 2019 

June 3 (Reuters) - Gulf Resources Inc ::GULF RESOURCES ANNOUNCES TEMPORARY SUSPENSION OF TRIAL PRODUCTION AT ITS WELL IN SICHUAN PROVINCE.GULF RESOURCES - TEMPORARY SUSPENSION OF TRIAL PRODUCTION AT NATURAL GAS WELL IN DAYING COUNTY TO COMPLY WITH NEW ENVIRONMENTAL REGULATIONS IN CHINA.GULF RESOURCES INC - ANNOUNCED TEMPORARY SUSPENSION OF TRIAL PRODUCTION AT ITS NATURAL GAS WELL IN DAYING COUNTY, SICHUAN PROVINCE, CHINA.GULF RESOURCES INC - DOES NOT BELIEVE IT WILL ENCOUNTER SERIOUS PROBLEMS IN MEETING NEW GOVERNMENTAL REQUIREMENTS.GULF RESOURCES INC - EXPECTS MEETING NEW GOVERNMENTAL REQUIREMENTS COULD TAKE APPROXIMATELY THREE MONTHS.GULF RESOURCES INC - CANNOT ESTIMATE POTENTIAL COSTS IN ASSOCIATION WITH COMPLIANCE PROCESS.GULF RESOURCES - UNTIL APPROVALS HAVE BEEN OBTAINED, COMPANY WILL NOT EXPECT TO APPLY FOR ADDITIONAL DRILLING PERMITS.GULF RESOURCES INC - BELIEVES IT REMAINS HIGHLY COMMITTED TO ITS SICHUAN PROJECT.GULF RESOURCES INC - MANAGEMENT HAS STARTED DISCUSSIONS WITH LOCAL GOVERNMENTAL OFFICIALS ABOUT ORAL NOTICE.  Full Article

Gulf Resources Q3 Loss Per Share $0.42
Wednesday, 14 Nov 2018 

Gulf Resources Inc ::GULF RESOURCES ANNOUNCES THIRD QUARTER 2018 UNAUDITED FINANCIAL RESULTS.Q3 LOSS PER SHARE $0.42.Q3 REVENUE $343,100 VERSUS $23.84 MILLION.EXPECT ALSO TO SPEND $40 MILLION TO DRILL MORE THAN 1,000 NEW WELLS.ENDED Q3 WITH CASH OF $208.2 MILLION.EXPECT TO SPEND $8-10 MILLION ON REPAIRS AND REBUILDING RELATED TO DAMAGES FROM FLOOD.ANTICIPATE TO SPEND ADDITIONAL $7 MILLION IN Q4 OF 2018 ON BROMINE AND CRUDE SALT FACTORIES.TO "SIGNIFICANTLY" INCREASE CAPITAL SPENDING ON BROMINE AND CRUDE SALT FACTORIES.PLANS FOR NEW CHEMICAL FACTORY ARE STILL ON SCHEDULE.  Full Article

Gulf Resources Provides Updates On Its Rectification And Repairment Work
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Gulf Resources Inc ::GULF RESOURCES PROVIDES UPDATES ON ITS RECTIFICATION AND REPAIRMENT WORK.GULF RESOURCES - WORKING TO MAKE ALL OF REPAIRS & REBUILDING CAUSED BY TYPHOON WINBIYA IN THE 7 BROMINE FACTORIES EXPECTED TO RECEIVE GOVERNMENT APPROVAL.GULF RESOURCES INC - BELIEVES MOST OF RECTIFICATION ISSUES RELATED TO CRUDE SALT AND BROMINE AT REMAINING FACTORIES ARE RESOLVED.GULF RESOURCES INC - BELIEVES ITS FACTORIES WILL BE FULLY OPERATIONAL DURING Q1 OF 2019.GULF RESOURCES INC - BELIEVES THAT SOME OF BROMINE PRODUCTION CAPACITIES IN SHANDONG PROVINCE HAVE PERMANENTLY CLOSED.  Full Article

Gulf Resources Announces Further Temporary Delay In Opening Of Its Bromine Plants
Thursday, 5 Jul 2018 

July 5 (Reuters) - Gulf Resources Inc ::GULF RESOURCES ANNOUNCES FURTHER TEMPORARY DELAY IN THE OPENING OF ITS BROMINE PLANTS.GULF RESOURCES INC - ON JUNE 29 2018, RECEIVED A FORMAL NOTICE JOINTLY ISSUED BY VARIOUS PROVINCIAL GOVERNMENT AGENCIES IN SHANDONG PROVINCE.GULF RESOURCES INC - BELIEVES ALL OF CO'S BROMINE PLANTS ARE SUBJECT TO NOTICE, IMPLEMENTATION OF NOTICE WILL CAUSE DELAY IN OPENING BROMINE PLANTS.GULF RESOURCES INC - DOES NOT ANTICIPATE THAT COMPANY'S NEW CHEMICAL FACTORY WILL BE SIGNIFICANTLY IMPACTED BY NOTICE.GULF RESOURCES - NOT CERTAIN HOW LONG TEMPORARY DELAY WILL BE DUE TO DISCUSSIONS BETWEEN SHOUGUANG CITY BROMINE ASSOCIATION, LOCAL GOVERNMENT AGENCIES.  Full Article

Gulf Resources Q1 Loss Per Share $0.15
Friday, 11 May 2018 

May 10 (Reuters) - Gulf Resources Inc ::GULF RESOURCES ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 LOSS PER SHARE $0.15.Q1 REVENUE FELL 93 PERCENT TO $2.247 MILLION."ALL OF OUR FACTORIES ARE CLOSED".CHEMICAL FACTORY IS BEING RELOCATED."BROMINE AND CHEMICAL CAPACITY IN CHINA WILL BE REDUCED".WILL FOCUS ON PROGRESS, ISSUES REMAINING IN ATTEMPT TO SATISFY NEW ENVIRONMENTAL REGULATIONS PROMULGATED BY CHINESE GOVERNMENT.QTRLY LOSS PER SHARE $0.15.  Full Article

Gulf Resources Reports Q4 Revenue $3.362 Million
Monday, 19 Mar 2018 

March 19 (Reuters) - Gulf Resources Inc ::GULF RESOURCES REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 FINANCIAL RESULTS.Q4 REVENUE $3.362 MILLION.‍ BELIEVE CUSTOM EQUIPMENT FOR A TECHNICAL DRILLING PROBLEM WILL BE DELIVERED WITHIN NEXT MONTH​.‍HAS NOT YET DECIDED WHETHER TO DRILL ANOTHER WELL IN 2018​.QTRLY GROSS PROFIT OF $1.9 MILLION.‍IS NOT WRITING OFF ANY OF GOODWILL RELATED TO ITS CHEMICALS BUSINESS​.  Full Article

Gulf Resources Provides Updates On Its Chemical Business
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Gulf Resources Inc ::GULF RESOURCES PROVIDES UPDATES ON ITS CHEMICAL BUSINESS.GULF RESOURCES INC - ‍ON NOV 24, CO RECEIVED LETTER FROM PEOPLE'S GOVERNMENT OF YANGKOU COUNTY, SHOUGUANG CITY​.GULF RESOURCES INC - LETTER ‍ NOTIFYING CO, DUE TO NEW STANDARDS,REGULATIONS, DECIDED TO RELOCATE CHEMICAL ENTERPRISES TO NEW INDUSTRIAL PARK​.GULF RESOURCES INC - ‍BELIEVE THE RELOCATION PROCESS WILL COST BETWEEN $50 MILLION TO $60 MILLION​.GULF RESOURCES INC - ‍WILL TAKE A WRITE-DOWN TO BOOK VALUE AFTER DETERMINING WHICH EQUIPMENT WE WILL MOVE AND WHICH WE WILL REPLACE​.GULF RESOURCES INC -"‍IN 2019, WE EXPECT TO HAVE OUR NEW CHEMICAL FACTORY BEGIN OPERATIONS​".  Full Article

Gulf Resources reports Q3 earnings per share $0.07
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Gulf Resources Inc :Gulf Resources reports third quarter 2017 financial results.Q3 earnings per share $0.07.Q3 revenue fell 39 percent to $23.84 million.Gulf Resources Inc - ‍Because factories are closed, company does not expect any revenues associated with production in Q4​.Gulf Resources Inc - ‍Company believes that its cash burn, excluding rectification costs, should not exceeding $4 million for Q4​.  Full Article

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