TRQ - Turquoise Hill Resources EPS misses by $0.59 misses on revenue

Turquoise Hill Resources (NYSE:TRQ): Q3 GAAP EPS of $0.17 misses by $0.59. Revenue of $622.8M (+135.6% Y/Y) misses by $45.78M. Cash generated from operating activities was $350.6 million in Q3'21 vs $77.6 million in Q3'20. In Q3'21, Oyu Tolgoi produced 41,935 tonnes of copper and 130,799 ounces of gold. "Mill throughput of 9.3 million tonnes in Q3'21 was in line with Q2'21 and 7% lower than Q3'20. Processing of harder ore as well as lower SAG mill availability, due to maintenance, impacted Q3'21 mill throughput". "As at September 30, 2021, Turquoise Hill has $0.8 billion of available liquidity, which under current projections is expected to meet the Company's requirements, including funding of underground capital expenditure, into Q3'22".

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Turquoise Hill Resources EPS misses by $0.59, misses on revenue