- Turquoise Hill Resources (TRQ +0.3%) says its Oyu Tolgoi mine in Mongolia set an all-time quarterly record of 25M metric tons of mined material in Q3, including stripping for Phase 4 of the project, which is the next area of high-grade ore.
- TRQ says Q3 copper production fell 9.9% from Q2 as a result of lower recovery from Phase 6 ore, while gold production declined, as expected, by 47% from Q2 due to lower grades from the completion of mining Phase 2.
- TRQ says it continues to expect Oyu Tolgoi to produce 175K-195K metric tons of copper in concentrates and 255K-285K oz. of gold in concentrates for 2016.