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TRQ - Turquoise Hill: Q3 Production Report Looks Good But Dilution Fears Prevail
Turquoise Hill Resources Ltd.
Turquoise Hill has recently provided its 3Q 2020 production report. The company is set to achieve its previous annual production guidance.
The company expects that it will have enough liquidity into Q2 2022 as solid production and higher copper and gold prices boost cash flow.
Unfortunately, the improved liquidity profile is not helping the stock as investors are afraid of the previously announced equity raise that is being pushed by Rio Tinto.