Turquoise Hill Resources -8% after Q2 production results [Seeking Alpha]
Turquoise Hill Resources Ltd. Ordinary Shares (TRQ)
US:NYSE Investor Relations:
turquoisehill.com/s/investors.asp
Company Research
Source: Seeking Alpha
Turquoise Hill Resources (NYSE: TRQ ) after-hours following its Q2 production update at the Oyu Tolgoi mine in Mongolia and the completion of Shaft 5. TRQ says Q2 copper production rose 1.5% Q/Q to 39.4K metric tons as a result of higher mill utilization rates, gold production gained 19% to 50K oz. due to stronger mill utilization rates, higher grades from Phase 4A and increased recovery, while mill throughput rose 6% Q/Q to 10.16M metric tons due to higher utilization rates and the positive impact of high intensity blasting. TRQ climbed 3.9% in today's regular trade, apparently the result of Rio Tinto-for-TRQ takeover chatter. See all stocks on the move » Now read: Rio Tinto: Good Times Coming Ahead? » Subscribe for full text news in your inbox
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