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TRQ - Turquoise Hill: Q1 Production Report Comes With Another Delay
Turquoise Hill Resources Ltd.
Back in March, I wrote that Turquoise Hill (TRQ) was an interesting bet at the stock's low levels despite the company's numerous problems. Now that Turquoise Hill has published a Q1 production update, it's time to revisit the thesis.
In the first quarter of 2018, Turquoise Hill reported copper production of 45,800 tons and gold production of 120,000 ounces. The company stated that both copper and gold grades were expected to decline over the remainder of the year, but it remained on track to achieve its production guidance of 125,000-155,000 tons of