Turquoise Hill Resources Ltd (TRQ) Reports Q4 Revenues Above Estimates
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Turquoise Hill announces financial results and review of operations for 2018
March 14, 2019 5:15 PM EDTVANCOUVER, British Columbia, March 14, 2019 (GLOBE NEWSWIRE) -- Turquoise Hill Resources today announced its financial results for the year ended December 31, 2018. All figures are in U.S. dollars unless otherwise stated.
Oyu Tolgoi delivered strong operational results in 2018, said Ulf Quellmann, Turquoise Hills Chief Executive Officer. For the year, Oyu Tolgoi achieved an industry-leading safety performance and benefitted from processing higher-gold grade ore, which resulted in us exceeding copper and gold production guidance. Increased gold production, along with higher average copper prices for the year, led to a more than 25% increase in revenue and more than... More
