Turquoise Hill Resources Ltd. Announces Production Results for the Fourth Quarter and Full Year of 2015; Provides Oyu Tolgoi Production Guidance for the Year 2016
For the full year, the company reported open pit material mined of 91,771,000 tonnes compared to 76,919,000 tonnes a year ago. Ore treated was 34,537,000 tonnes compared to 27,872,000 tonnes a year ago. Concentrates produced was 788,500 tonnes compared to 563,600 tonnes a year ago. Production of copper in concentrates was 201,300 tonnes compared to 185,800 tonnes a year ago. Production of gold in concentrates was 737,000 tonnes compared to 561,000 tonnes a year ago. Production of silver in concentrates was 1,158,000 tonnes compared to 1,093,000 tonnes a year ago.
The company announced that Oyu Tolgoi is expected to produce 175,000 to 195,000 tonnes of copper and 210,000 to 260,000 ounces of gold in concentrates for 2016. The majority of 2016 gold production is expected in the first half of the year.