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Turquoise Hill (TRQ), which suffered a major downside this summer following the news on stability risks in the existing mine design of Oyu Tolgoi, has just published its third-quarter production report. This report was a chance to bring some positive news for the stock, which has settled firmly in the penny zone. Unfortunately, the report did not contain good news.
Production numbers dropped as the company moved the planned plant shutdown from October to September, and also due to lower grades. The company produced 28,446 tons of copper, down from 39,156 tons of copper