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BRIEF-Turquoise Hill Resources Says Q4'19 Copper Output Of 32,905 Tonnes Was Lower Compared To Q4'18

Published 2020-01-16, 04:50 p/m
BRIEF-Turquoise Hill Resources Says Q4'19 Copper Output Of 32,905 Tonnes Was Lower Compared To Q4'18

Jan 16 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO :

* TURQUOISE HILL ANNOUNCES FOURTH QUARTER 2019 PRODUCTION AND 2020 OPERATIONAL AND FINANCIAL GUIDANCE

* TURQUOISE HILL RESOURCES - 2021 PRODUCTION EXPECTED TO INCREASE TO RANGE OF 170,000 TO 200,000 TONNES OF COPPER & 450,000 TO 500,000 OUNCES OF GOLD

* TURQUOISE HILL RESOURCES - 2020 CAPEX TO BE ABOUT $1.2 BILLION TO $1.3 BILLION FOR UNDERGROUND DEVELOPMENT EXCLUSIVE OF ANY EXPENDITURE ON POWER

* TURQUOISE HILL RESOURCES - SEES OYU TOLGOI TO PRODUCE 140,000 - 170,000 TONNES OF COPPER, 120,000 - 150,000 OUNCES OF GOLD IN CONCENTRATES IN 2020

* TURQUOISE HILL RESOURCES - PRODUCTION IN 2021 EXPECTED TO INCREASE TO RANGE OF 170,000 TO 200,000 TONNES OF COPPER, & 450,000 TO 500,000 OUNCES OF GOLD

* TURQUOISE HILL RESOURCES LTD - MILL THROUGHPUT FOR 2020 IS EXPECTED TO BE APPROXIMATELY 40 MILLION TONNES

* TURQUOISE HILL RESOURCES LTD QTRLY COPPER PRODUCTION IN Q4'19 OF 32,905 TONNES WAS LOWER COMPARED TO Q4'18

* TURQUOISE HILL RESOURCES LTD QTRLY GOLD PRODUCTION IN Q4'19 OF 24,343 OUNCES WAS LOWER COMPARED TO Q4'18

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