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BottomBounce

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BottomBounce

Re: BottomBounce post# 20770

Saturday, 12/31/2016 4:43:57 PM

Saturday, December 31, 2016 4:43:57 PM

Post# of 23845
$TRQ 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 Phase 6 during the year as well as continue the stripping of Phase 4. In addition, stockpiled ore will be processed during the year. The lower production compared to 2016 is primarily the result of approximately one-quarter less copper head grade and approximately one-half less gold head grade. During 2016, the mine plan for Phase 4 was divided into two parts, 4A and 4B, in expectation of reaching the high-grade gold zone of Phase 4 around mid-2018. Accordingly, mine stripping for 2017 will focus on Phase 4A.
https://www.barchart.com/stocks/quotes/TRQ#/news/2760800/turquoise-hill-announces-2017-production-and-financial-guidance

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