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Stock Market & Financial Investment News

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March 11, 2014
11:28 EDTTRQTurquoise Hill shares mentioned positively at Cowen
News For TRQ From The Last 14 Days
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August 14, 2014
07:35 EDTTRQTurquoise Hill, Oyu Tolgoi sign PSCA with Mongolia government
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August 12, 2014
07:52 EDTTRQTurquoise Hill sees revenue exceeding production through end of FY14
Strong concentrate sales are expected to continue throughout the 2H14. Sales are expected to exceed production through the end of 2014. Oyu Tolgoi's goal is to reach four to eight weeks of concentrate production in inventory by the end of 2014. Sales contracts have been signed for 100% of Oyu Tolgoi's expected 2014 concentrate production and long-term contracts account for 92% of 2015 planned production. Additionally, 84% of concentrate production has been contracted for up to eight years. All contracts are based on international terms. While small amounts of higher-grade ore were processed in Q2, the grade is expected to increase as the mine deepens into a high-grade zone during the second half of 2014. In the high-grade zone, copper head grades are expected to reach 0.60%-0.70% per tonne and gold head grades are expected to average approximately 1.0 gram per tonne. Turquoise Hill continues to expect Oyu Tolgoi to produce between 135,000-160,000 tonnes of copper and 600,000-700,000 ounces of gold in concentrates for 2014. As operations transition from post-commissioning to steady-state, Oyu Tolgoi has been focusing on cost reduction and productivity initiatives designed to generate positive cash flow, improve overall operational and financial performance.
07:50 EDTTRQTurquoise Hill reports Q2 EPS (3c), one estimate 1c
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