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BRIEF-Turquoise Hill Resources sees 2016 Oyu Tolgoi to coppoer production 175,000-195,000 tonnes

Published 2016-03-17, 06:11 p/m
© Reuters.  BRIEF-Turquoise Hill Resources sees 2016 Oyu Tolgoi to coppoer production 175,000-195,000 tonnes
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March 17 (Reuters) - Turquoise Hill Resources Ltd:
* Turquoise Hill announces financial results and review of
operations for 2015
* Oyu Tolgoi is expected to produce 175,000 to 195,000
tonnes of copper in 2016
* Oyu Tolgoi is expected to produce 210,000 to 260,000
ounces of gold in concentrates for 2016
* Capital expenditures for 2016 on cash-basis, excluding
underground development, are expected to be about $300 million
* Majority of 2016 gold production is expected in first half
of year
* Sales contracts have been signed for approximately 90% of
oyu tolgoi's expected 2016 concentrate production

Source text for Eikon: ID:nCCN8V2Kdg

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