Turquoise Hill announces first quarter 2018 production
Turquoise Hill Resources Ltd. Ordinary Shares (TRQ)
US:NYSE Investor Relations:
turquoisehill.com/s/investors.asp
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, April 17, 2018 (GLOBE NEWSWIRE) -- Turquoise Hill Resources (TSX:TRQ) (NYSE:TRQ) today announced first quarter 2018 production for Oyu Tolgoi. Jeff Tygesen, Chief Executive Officer of Turquoise Hill, said, “Oyu Tolgoi’s first quarter production was in line with expectations. Planned concentrator maintenance occurred in January reducing mill throughput for the quarter; however the impact was partially offset by increases in recovery, particularly for gold. With the initial processing of ore from Phase 4A, we are starting to see increased gold grades, recovery and production compared to last year.” Material mined decreased 20.0% over Q4’17 due to winter weather effects in January as well as dig-unit maintenance work during the quarter. Mill throughput decreased 11.8% over Q4’17 due to the January planned maintenance. Copper production in Q1’18 decreased 14.3% over Q4’17 mainly due to lower throughput and slightly lower grades. Gold production increased 2
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