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TRQ - Turquoise Hill: Market Reacts To Uncertainty
Turquoise Hill Resources Ltd.
Turquoise Hill cuts its gold production guidance, which serves as the main visible trigger for the sell-off.
However, it looks like the market is more disappointed with a lack of progress in the current negotiations with the Mongolian government.
Turquoise Hill investors are accustomed to delays. When the dust settles, the stock may return to the upside trajectory as the copper market stays strong.