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TRQ - Turquoise Hill: No New Delays But The Situation Remains Challenging
Turquoise Hill Resources Ltd.
Turquoise Hill (TRQ) has just reported its first-quarter production results and provided updates on underground development and the impact of the coronavirus pandemic on its operations. In my previous article on the company, I wrote that Turquoise Hill was slowly slipping into the hands of Rio Tinto (RIO), as it was likely to use Rio Tinto as a lender of last resort. Let’s get through the key points of the production update:
Turquoise Hill produced 35,203 tons of copper and 26,154 ounces of gold in the first quarter and stated that