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BRIEF-Turquoise Hill Resources Reports Q1 Earnings Per Share $1.18

Published 2021-05-12, 05:16 p/m
© Reuters.

May 12 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO :

* Q1 EARNINGS PER SHARE $1.18

* Q1 EARNINGS PER SHARE ESTIMATE $0.70 -- REFINITIV IBES DATA

* Q1 REVENUE $526.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $547.9 MILLION

* OYU TOLGOI HAD AN EXCEPTIONALLY STRONG Q1 WITH PRODUCTION OF 45,449 TONNES OF COPPER AND 145,656 OUNCES OF GOLD

* TURQUOISE HILL RESOURCES - OYU TOLGOI HAS UPDATED ITS OPERATIONAL OUTLOOK FOR 2021 AND IS NOW EXPECTED TO PRODUCE 150,000 TO 180,000 TONNES OF COPPER

* TURQUOISE HILL - RECENT SURGE OF COVID-19 CASES IN MONGOLIA WILL CONTINUE TO IMPACT OPEN PIT OPERATIONS AND UNDERGROUND DEVELOPMENT THROUGH Q2

* OYU TOLGOI HAS UPDATED OPERATIONAL OUTLOOK FOR 2021 AND NOW EXPECTED TO PRODUCE 400,000 TO 480,000 OUNCES OF GOLD.

* OPERATING CASH COSTS FOR 2021 ARE EXPECTED TO BE $800 MILLION TO $850 MILLION.

* CAPITAL EXPENDITURE FOR 2021 ON A CASH-BASIS IS EXPECTED TO BE $105 MILLION TO $125 MILLION FOR OPEN-PIT

* TURQUOISE HILL - CAPITAL EXPENDITURE FOR 2021 ON A CASH-BASIS IS EXPECTED TO BE AT LOW END OF A REVISED RANGE OF $0.9 BILLION TO $1.0 BILLION FOR UNDERGROUND

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