Turquoise Hill Resources' (TRQ) CEO Jeff Tygesen on Q3 2015 Results - Earnings Call Transcript

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Turquoise Hill Resources Ltd. (TRQ) Q3 2015 Earnings Conference Call November 6, 2015 11:00 AM ET

Executives

Tony Shaffer - IR
Jeff Tygesen - CEO
Steeve Thibeault - CFO

Analysts

Oscar Cabrera - Bank of America
Ralph Profiti - Credit Suisse

Operator

Good day, ladies and gentlemen. Thank you for joining us today. Welcome to the Turquoise Hill Resources Q3 2015 Financial Results held on November 6th, 2015. I would now like to turn the meeting over to Mr. Tony Shaffer. This call is being recorded and will be available later today for replay. Please go ahead.

Tony Shaffer

Thank you, operator. I want to welcome you to our financial results conference call. Yesterday we released our third quarter 2015 results press release, MD&A and financial statements. These items are available on our website and on SEDAR.

With me today is Jeff Tygesen, CEO; Steeve Thibeault, CFO. We will take your questions after our prepared remarks.

This call will include forward-looking statements. Please refer to the forward-looking language included in our press release and MD&A.

I would now like to turn the call over to Jeff.

Jeff Tygesen

Thank you, Tony. Overall we had a solid third quarter. Open pit operations at Oyu Tolgoi continue to progress and we are advancing the restart of underground development. Our current focus is on completing the remaining steps for full commencement of underground construction. I want to start this morning with a review of the quarter as well as the status of underground preparation. Steeve will discuss the financial aspects and then we'll take your questions.

First Oyu Tolgoi continues to perform well from a safety perspective. The performance is especially impressive in the context of such a new operation. The year-to-date annual for all injury frequency rate was 0.31 per 200,000 hours of work. During

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