The company says it will implement all elements of its binding funding heads of agreement with Rio Tinto, which holds a majority stake in the company, to provide it with the needed liquidity and resources to meet its obligations as it works to expand its Oyu Tolgoi copper and gold mine in
Turquoise Hill, which keeps its books in
In its outlook, the company maintained its copper production guidance within a range of 110,000 to 150,000 tonnes, while it raised its 2022 gold production guidance to between 165,000 and 185,000 ounces, up from 150,000 to 170,000 ounces.
Turquoise Hill has postponed a shareholder meeting to vote on Rio Tinto's plan to acquire the 49 per cent stake in the company it does not already hold as it works to resolve concerns including those from
The company owns a 66 per cent stake in Oyu Tolgoi.
This report by The Canadian Press was first published
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