Turquoise Hill Resources Ltd (TRQ) Tops Q1 EPS by 5c
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Turquoise Hill Announces Financial Results and Review of Operations for the First Quarter of 2016
May 5, 2016 5:00 PM EDTVANCOUVER, BC -- (Marketwired) -- 05/05/16 -- Turquoise Hill Resources today announced its financial results for the quarter ended March 31, 2016. All figures are in U.S. dollars unless otherwise stated.
HIGHLIGHTS
Oyu Tolgoi achieved an excellent safety performance with an All Injury Frequency Rate of 0.21 per 200,000 hours worked for the three months ended March 31, 2016. Oyu Tolgoi recorded revenue of $422.7 million in Q1'16, an increase of 18.9% over Q4'15, reflecting higher gold prices partially offset by lower volumes of concentrate sales. Turquoise Hill generated... More