Turquoise Hill’s Oyu Tol­goi pro­duces 37,200 t Cu in Q2

Turquoise Hill’s Oyu Tol­goi pro­duced 37,200 tonnes in con­cen­trates of cop­per in sec­ond quar­ter 2017 com­pared with 51,700 tonnes in sec­ond quar­ter 2016. Oyu Tol­goi pro­duced 24,000 ounces in con­cen­trates of gold in sec­ond quar­ter 2017.

Stockwatch Daily - - FRONT PAGE - Mr. Jeff Tyge­sen re­ports

TURQUOISE HILL Re­sources Ltd. has re­leased its sec­ond quar­ter 2017 pro­duc­tion fig­ures for Oyu Tol­goi. Jeff Tyge­sen, chief ex­ec­u­tive of­fi­cer of Turquoise Hill, said: “Oyu Tol­goi’s sec­ond quar­ter pro­duc­tion re­sults were as planned. Ore treated in the quar­ter was im­pacted by a sched­uled five-day main­te­nance shut­down in May, which was suc­cess­fully com­pleted. Con­cen­tra­tor through­put for the first half of 2017 con­tin­ued to per­form well as did ma­te­rial mined.”

In sec­ond quar­ter 2017, ma­te­rial mined in­creased 3.5 per cent over first quar­ter 2017 while grades for the quar­ter were flat com­pared with first quar­ter 2017. Cop­per and gold pro­duc­tion for sec­ond quar­ter 2017 was es­sen­tially in line with first quar­ter 2017 pro­duc­tion de­spite the planned main­te­nance shut­down. Sales of cop­per in sec­ond quar­ter 2017 de­creased 5.6 per cent over first quar­ter 2017 due to lower con­cen­trate vol­umes dur­ing the quar­ter. Gold sales in sec­ond quar­ter 2017 de­creased 28.1 per cent over first quar­ter 2017 due to sales in first quar­ter 2017, in­clud­ing some higher-grade con­cen­trate from fourth quar­ter 2016.

Oyu Tol­goi is ex­pected to pro­duce 130,000 to 160,000 tonnes of cop­per and 100,000 to 140,000 ounces of gold in con­cen­trates for 2017. Open-pit oper­a­tions are ex­pected to mine in phases 4 and 6 dur­ing the year. In ad­di­tion, stock­piled ore will con­tinue to be pro­cessed dur­ing 2017. Oyu Tol­goi pro­duc­tion data All data rep­re­sent full pro­duc tion an d sales on a 100-per-cent ba­sis.

(See TRQ Ta­ble 1 on page 17)

We seek Safe Har­bor.

James Wen­dell Gill, Robert Peter Charles Gillin, Ulf Quell­mann, Rus­sel Clark Robert­son, Maryse Saint-Lau­rent, Craig Stegman, Jeffery Dean Tyge­sen

(TRQ) Shares: 2,012,314,469

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