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Turquoise Hill Resources Ltd. TRQ


Primary Symbol: T.TRQ

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The company also holds interests in companies that mine...


TSX:TRQ - Post by User

Post by Bushwacker3on Jul 18, 2019 11:44pm
237 Views
Post# 29937967

OPEN PIT IS ALIVE AND WELL

OPEN PIT IS ALIVE AND WELLTRQ not emphasizing the positive contribution during Q2


 Copper sold 46.6 k tonnes x $ 5.82M per k ton  = $2.71.0 M
 Gold sold 116 k oz  x $1,282.6 per k oz                = $148.8 M
 Silvwe sold 245 k oz  x $15500 per k oz              = $      3.8M

Guesstimated Q2 REVENUE                                 =$ 423.6 M which will be the best to date.
The average prices for the above calculations is based  on Q1/19  Revenue / Q1/19 item sold

The positive aspects is that gold price appear to improve which will offset lower production and supply during Q3 and Q4. Hope my figures are not badly botched up.

REVENUE for 2018 was $1,180,000,000
REVENUE FOR Q1/2019 $  352700,000
REVENUE FOR Q2 /19     $  423600,000

Gonna beat  2018 significantly and help defray some of UG costs.
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