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TRQ - Turquoise Hill Slowly Slips Into Rio Tinto's Hands Amid Discussions For Additional Funding
Turquoise Hill Resources Ltd.
Finally, Turquoise Hill (TRQ) has reported its Q4 2019 and full-year 2019 results, which are especially interesting to see amid the current market turmoil which brought copper prices below $2.20 per pound. Without further ado, let’s look at the company’s results.
For the full-year 2019, Turquoise Hill reported revenue of $1.17 billion and a net loss of $477 million. Operating cash flow was negative at -$11.6 million. The company finished the year with $1.65 billion of cash on the balance sheet. In addition to this cash position, $0.5 billion of project finance facility