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Turquoise Hill announces financial results and review of operations for the first quarter of 2021 morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Turquoise Hill announces financial results and review of operations for the first quarter of 2021 News provided by Share this article Share this article MONTREAL, May 12, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. ( Turquoise Hill or the Company ) today announced its financial results for the period ended March 31, 2021. All figures are in U.S. dollars unless otherwise stated. Oyu Tolgoi had an exceptionally strong first quarter with production of 45,449 tonnes of copper and 145,656 ounces of gold. Our strong operational performance combined with rising copper and gold prices generated revenue of $526.5 million, a 303% increase over the same quarter last year. stated Steve Thibault, Interim Chief Executive Officer of Turquoise Hill Resources. ....
Turquoise Hill announces financial results and review of operations for 2020 News provided by Share this article Share this article MONTREAL, March 8, 2021 /PRNewswire/ - Turquoise Hill Resources today announced its financial results for the year ended December 31, 2020. All figures are in U.S. dollars unless otherwise stated. 2020 was an important year for Turquoise Hill. In the face of the COVID-19 pandemic that dominated 2020, the Oyu Tolgoi mine achieved another year of excellent operational results, with copper production in-line with original guidance, and gold production exceeding original forecasts, stated Peter Gillin, Chair of the Board of Directors of Turquoise Hill. In addition to our operational excellence, the Oyu Tolgoi team posted a new record safety performance while open-pit operations continued uninterrupted throughout the entire year. Focusing on the underground, milestones achieved during 2020 included updating the mine design and co ....
2021-01-14 14:57:11 Ulaanbaatar /MONTSAME/. Solongoo Bayarsaikhan, Deputy Chief at Cabinet Secretariat yesterday, January 13, gave information on the official position of the Mongolian government on the situation surrounding the Oyu Tolgoi copper and gold mine project. In December 2019, the working group was set up to hold talks with investors of the Oyu Tolgoi project with the aim of improving Oyu Tolgoi-related agreements, including Investment Agreement, Shareholders’ Agreement and Underground Mine Development and Financing Plan in line with Mongolia’s legislations. Solongoo is a member of the Government working group. “The government of Mongolia supports the Oyu Tolgoi underground mine development, which is viewed as holding benefits to the Mongolian economy because 80 percent of Oyu Tolgoi s value lies beneath the surface, and it is expected to become the fourth largest copper mine in the world after the underground starts its production. Th ....