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BRIEF-Turquoise Hill Resources sees 2016 gold in concentrates 255,000-285,000 oz

Published 2016-04-19, 11:59 a/m
© Reuters.  BRIEF-Turquoise Hill Resources sees 2016 gold in concentrates 255,000-285,000 oz
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April 19 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO :
* Turquoise Hill announces first quarter 2016 production
* Average throughput of approximately 106,000 tonnes per day
for quarter
* Continues to expect Oyu Tolgoi to produce 175,000 to
195,000 tonnes of copper in concentrates for 2016.
* Says increasing 2016 gold in concentrates guidance to
255,000 to 285,000 ounces from 210,000 to 260,000 ounces
* Mining of phase 2 gold core is expected to be complete in
Q2'16
* Says copper production in Q1'16 reached a quarterly high
increasing 0.5% over Q4'15
* Increasing 2016 gold production guidance to reflect mine
accessing more of final, high-gold benches in phase 2 of open
pit
* Gold production of Oyu Tolgoi in Q1'16 declined about 30%
over Q4'15 due to lower grades and near-completion of mining in
phase 2

Source text for Eikon:
Further company coverage: TRQ.TO

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