Turquoise Hill Resources Ltd. Reports Production Results of Oyu Tolgoi for the Fourth Quarter and Full of 2018; Provides Operating Guidance for the Year 2019
For the full year, the company reported total open pit material mined of 91,310,000 tonnes against 105,921,000 tonnes a year ago. Ore treated was 38,738,000 tonnes against 41,177,000 tonnes a year ago. Concentrates produced was 724,900 tonnes against 722,500 tonnes a year ago. Production of copper was 159,100 tonnes against 157,400 tonnes a year ago. Production of gold was 285,000 tonnes against 114,000 tonnes a year ago. Production of silver was 914,000 tonnes against 974,000 tonnes a year ago.
The company provided operating guidance for the year 2019. Oyu Tolgoi is expected to produce 125,000 tonnes to 155,000 tonnes of copper and 180,000 ounces to 220,000 ounces of gold in concentrates for 2019. Open-pit operations are expected to mine Phase 4 throughout the year. Mill throughput for 2019 is expected to be approximately 40 million tonnes. Underground lateral development is expected to advance 15 to 16 kilometres during 2019.