Turquoise Hill Announces Q3 2018 Production and Provides Underground Development Update

Base Metals Investing

Mill throughput was down in Q3 while the company has announced a delay in projected sustainable first production from its underground operations.

Turquoise Hill Resources (TSX:TRQ) has announced third quarter 2018 production for Oyu Tolgoi and provided an update on underground development.

Mill throughput was down in Q3 while the company has announced a delay in projected sustainable first production from its underground operations, which is now expected to occur by the end of Q3 in 2021 instead of Q1 in 2021.

As quoted in the press release:

Turquoise Hill has updated Oyu Tolgoi’s expected copper production for 2018 from between 125,000 and 155,000 tonnes of copper to between 140,000 and 155,000 tonnes of copper in concentrates. The company continues to expect production of gold in concentrates from between 240,000 and 280,000 ounces for 2018.

Click here to read the full Turquoise Hill Resources (TSX:TRQ) press release.