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Turquoise Hill Resources Ltd (TRQ.TO)

TRQ.TO on Toronto Stock Exchange

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$0.16 (+4.28%)
Prev Close
$3.74
Open
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$3.90
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Volume
1,358,989
Avg. Vol
1,210,694
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$5.03
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$3.43

Latest Key Developments (Source: Significant Developments)

Turquoise Hill Resources Q1 earnings per share $0.02
Monday, 15 May 2017 05:05pm EDT 

May 15 (Reuters) - Turquoise Hill Resources Ltd :Q1 earnings per share $0.02.Q1 revenue $237.5 million versus I/B/E/S view $231.3 million.Q1 earnings per share view $0.00 -- Thomson Reuters I/B/E/S.Says copper production for Q1'17 decreased 16.3% over Q4'16 and Q1'17 gold production decreased 49.0% over Q4'16.Qtrly average daily throughput of ore 112,100 tonnes for Q1'17 increased 5.1% over Q4'16.Oyu Tolgoi is expected to be world's third-largest copper mine at peak production in 2025.Turquoise Hill Resources - Oyu Tolgoi to produce 130,000 to 160,000 tonnes of copper and 100,000 to 140,000 ounces of gold in concentrates for 2017.  Full Article

Tolgoi signs new power purchase agreement
Friday, 12 May 2017 08:00am EDT 

May 12 (Reuters) - Turquoise Hill Resources Ltd -:Turquoise Hill Resources Ltd.: Oyu Tolgoi signs new power purchase agreement.Turquoise Hill Resources Ltd - oyu tolgoi llc has signed a new power purchase agreement (ppa) with national power transmission grid (nptg) of mongolia.Turquoise Hill Resources Ltd - ppa was executed in connection with power import arrangement between nptg and inner mongolia power international corp.Turquoise Hill Resources Ltd - Oyu Tolgoi Llc has signed a new power purchase agreement (ppa) with national power transmission grid of mongolia.Turquoise Hill Resources Ltd - new arrangement takes effect on July 4, 2017, subsequent to expiry of existing impic agreement, for a term of up to six years.  Full Article

Turquoise Hill CFO Steeve Thibeault to retire effective May 23
Monday, 27 Feb 2017 07:30am EST 

Turquoise Hill Resources Ltd : Turquoise Hill announces retirement of CFO . Turquoise Hill Resources Ltd - is in process of initiating a search for Thibeault's successor .Turquoise Hill Resources Ltd - announced retirement of company's chief financial officer Steeve Thibeault effective May 23, 2017.  Full Article

Turquoise Hill announces disposal of shares of SouthGobi Resources
Thursday, 22 Sep 2016 04:30pm EDT 

Turquoise Hill Resources Ltd : Disposed 375,000 common shares of SouthGobi Resources Ltd on September 22, 2016 at an average price of CDN$0.2780 per share . Turquoise Hill announces disposal of shares of SouthGobi Resources .Owns approximately 9.9198% of SouthGobi's issued and outstanding common shares.  Full Article

Turquoise Hill Resources-qtrly revenue $329.7 mln vs $421.3 mln
Tuesday, 2 Aug 2016 05:00pm EDT 

Turquoise Hill Resources Ltd : Turquoise Hill announces financial results and review of operations for the second quarter 2016 . Q2 earnings per share $0.01 . Q2 earnings per share view $0.00 -- Thomson Reuters I/B/E/S . Gold production in Q2'16 declined approximately 52% over Q1'16 . Qtrly revenue $329.7 million versus $421.3 million . Q2 revenue view $316.1 million -- Thomson Reuters I/B/E/S .Qtrly copper production in Q2'16 declined 10.3% over Q1'16.  Full Article

Turquoise Hill Resources announces Q2 production for Oyu Tolgoi mine
Monday, 18 Jul 2016 05:00pm EDT 

Turquoise Hill Resources Ltd : Continues to expect Oyu Tolgoi to produce 175,000 to 195,000 tonnes of copper in concentrates for 2016 . Continues to expect Oyu Tolgoi to produce 255,000 to 285,000 ounces of gold in concentrates for 2016 . Copper production in Q2'16 declined 10.3% over Q1'16 . Gold production in Q2'16 declined approximately 52% over Q1'16 . Turquoise Hill announces second quarter 2016 production .In second half of 2016, lower gold production is expected as mining occurs in areas with reduced grades.  Full Article

SouthGobi Resources updates on Turquoise Hill Resources Ltd shareholder loans<1878.HK>
Monday, 16 May 2016 06:06am EDT 

SouthGobi Resources Ltd <1878.HK>: S-update on Turquoise Hill Resources Ltd shareholder loan and short-term bridge loan <1878.HK> . On may 16, 2016, company and Turquoise Hill Resources Ltd entered into a deferral agreement . Loan granted by Turquoise Hill with an outstanding loan principal of US$3.4 million .  Full Article

Rio Tinto approves $5.3 bln Oyu Tolgoi copper expansion in Mongolia
Friday, 6 May 2016 02:33am EDT 

Rio Tinto Plc : Approves development of Oyu Tolgoi underground mine . Development of underground mine will start in mid-2016 following approval of a $5.3 billion investment by partners and recent granting of all necessary permits . First production from underground, which has an average copper grade of 1.66 per cent, more than three times higher than open pit, is expected in 2020 . Mine also benefits from significant gold by-products, with an average gold grade of 0.35 grams per tonne . Expansion provides an attractive investment for all shareholders with an expected internal rate of return of more than 20 per cent. . When underground is fully ramped up in 2027, Oyu Tolgoi is expected to produce more than 500,000 tonnes of copper a year . Parties have agreed a senior debt cap of $6 billion for project financing agreement, providing option for $1.6 billion of supplemental senior debt .Oyu Tolgoi is expected to produce 560,000 tonnes of copper a year, on average, between 2025 and 2030.  Full Article

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