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