Finance > Profit-loss

Turquoise Hill doubles Oyu Tolgoi gold guidance

Turquoise Hill Resources (CN:TRQ) has outlined a slightly lower copper but doubled gold guidance for the Oyu Tolgoi mine in Mongolia in 2018, compared with 2017 guidance.

Staff reporter

Finance > Profit-loss

Turquoise Hill doubles Oyu Tolgoi gold guidance

Turquoise Hill Resources (CN:TRQ) has outlined a slightly lower copper but doubled gold guidance for the Oyu Tolgoi mine in Mongolia in 2018, compared with 2017 guidance.

Staff reporter

Turquoise Hill doubles Oyu Tolgoi gold guidance

Expected 2018 gold increase due to bringing production forward

The 2017 guidance for its 66%-owned asset, expected to become the world's third-largest copper mine at peak production in 2025, is 130,000-160,000 tonnes of copper and 100,000-140,000 ounces of gold in concentrates.