Turquoise Hill says Oyu Tolgoi concentrate output returns to normal rates

|About: Turquoise Hill Resources Ltd. (TRQ)|By:, SA News Editor

Turquoise Hill (NYSE:TRQ) says Q2 concentrate production at the Oyu Tolgoi mine in Mongolia returned to normal rates after recovering from Q1 repairs, while metal production was impacted by lower-grade ore due to delayed mine advancement.

TRQ continues to expect Oyu Tolgoi to produce 135K-160K metric tons of copper and 600K-700K oz. of gold in concentrates for 2014.

Q2 concentrate sales rose significantly due to ongoing improvements in customer logistics and marketing, prompting sales to exceed production and resulting in an inventory drawdown for the quarter.