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BRIEF-Turquoise Hill Resources Q3 Revenue $246.5 Million

Published 2018-11-01, 05:54 p/m
© Reuters.  BRIEF-Turquoise Hill Resources Q3 Revenue $246.5 Million
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Nov 1 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO :

* Q3 REVENUE $246.5 MILLION VERSUS I/B/E/S VIEW $306.8 MILLION

* COPPER PRODUCTION OF 39,400 TONNES DURING Q3'18 INCREASED 6.8% VERSUS Q3'17

* GOLD PRODUCTION OF 77,000 OUNCES DURING Q3'18 INCREASED 148.4% OVER Q3'17

* TURQUOISE HILL RESOURCES - UPDATED OYU TOLGOI'S EXPECTED COPPER PRODUCTION FOR 2018 TO BETWEEN 140,000 AND 155,000 TONNES OF COPPER IN CONCENTRATES

* EXPECT PRODUCTION OF GOLD IN CONCENTRATES FROM BETWEEN 240,000 AND 280,000 OUNCES FOR 2018

* UPDATED GUIDANCE FOR OPEN-PIT CAPITAL EXPENDITURE FOR 2018 FROM APPROXIMATELY $150 MILLION TO APPROXIMATELY $120 MILLION

* FOR 2018 SEES OPERATING CASH COSTS FROM APPROXIMATELY $700 MILLION TO APPROXIMATELY $800 MILLION

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