Turquoise Hill Resources today announced first quarter 2018 production for Oyu Tolgoi.
Jeff Tygesen, Chief Executive Officer of Turquoise Hill, said, “Oyu Tolgoi’s first quarter production was in line with
expectations. Planned concentrator maintenance occurred in January reducing mill throughput for the quarter; however
the impact was partially offset by increases in recovery, particularly for gold. With the initial processing of ore from Phase
4A, we are starting to see increased gold grades, recovery and production compared to last year.”
Material mined decreased 20.0% over Q4’17 due to winter weather effects in January as well as dig-unit maintenance
work during the quarter. Mill throughput decreased 11.8% over Q4’17 due to the January planned maintenance. Copper
production in Q1’18 decreased 14.3% over Q4’17 mainly due to lower throughput and slightly lower grades. Gold
production increased 20.0% over Q4’17 due to higher gold grades from Phase 4A and an increase in recovery.
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 240,000 to 280,000 ounces of gold in concentrates for 2018.
Please review the full report on the website

Published Date:2018-04-18