Turquoise Hill Resources Ltd (TRQ) Reports In-Line Q3 EPS

November 3, 2016 5:33 PM EDT

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Turquoise Hill Resources Ltd (NYSE: TRQ) reported Q3 EPS of ($0.02), in-line with the analyst estimate of ($0.02).

Operating cash flows before interest and taxes in Q3'16 were $24.0 million compared with $171.7 million in Q3'15, primarily reflecting the impact of reduced gold production and sales in concentrates. Capital expenditure on property, plant and equipment was $74.4 million on a cash basis in Q3'16, attributed to both underground project and open-pit capital activities.

Turquoise Hill's cash and cash equivalents at September 30, 2016 were approximately $1.4 billion.

For earnings history and earnings-related data on Turquoise Hill Resources Ltd (TRQ) click here.

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