●
|
As planned, Q1 2022 copper and gold production from the open pit and underground was lower vs Q1 2021 due to lower copper and gold head grade.
|
o
|
Copper production of 30.3 thousand tonnes of copper in concentrate, a decrease of 33% vs Q1 2021 and a decrease of 22% vs Q4 2021
|
o
|
Gold production of 59 thousand ounces of gold in concentrate, a decrease of 60% vs Q1 2021 and a decrease of 25% vs Q4 2021
|
o
|
Copper production guidance for 2022 remains within the range of 110,000 to 150,000 tonnes. Gold production guidance has been revised from a range of 115,000 - 165,000 ounces to 135,000 - 165,000 ounces and is trending toward the higher end of the range.
|
●
|
Expenditures on property, plant and equipment for 2022 are now expected to be approximately $155 million to $185 million for open-pit operations due to schedule changes impacting the timing of spend. This is compared to the Company's original guidance of $170 million to $200 million.
|
●
|
Mill throughput of 9.58 million tonnes in Q1 2022 was 9% lower than Q4 2021 and 2% lower than Q1 2021 in line with expectations due to planned maintenance.
|
Turquoise Hill Resources Ltd.
turquoisehill.com
|
Suite 3680 1 Place Ville-Marie
Montreal, Quebec, Canada
H3B 3P2
|
Telephone + 1 514 848 1567
Toll Free + 1 877 589 4455
|
info@turquoisehill.com
|
Turquoise Hill Resources Ltd.
turquoisehill.com
|
Suite 3680 1 Place Ville-Marie
Montreal, Quebec, Canada
H3B 3P2
|
Telephone + 1 514 848 1567
Toll Free + 1 877 589 4455
|
info@turquoisehill.com
|
Oyu Tolgoi Production Data
| ||||||
All data represents full production and sales on a 100% basis
| ||||||
1Q
|
2Q
|
3Q
|
4Q
|
1Q
|
Full Year
| |
2021
|
2021
|
2021
|
2021
|
2022
|
2021
| |
Open pit material mined ('000 tonnes)
|
22,588
|
15,829
|
22,588
|
23,979
|
24,386
|
84,983
|
Ore treated ('000 tonnes)
|
9,813
|
9,401
|
9,336
|
10,573
|
9,581
|
39,124
|
Average mill head grades:
| ||||||
Copper (%)
|
0.56
|
0.47
|
0.53
|
0.46
|
0.40
|
0.50
|
Gold (g/t)
|
0.68
|
0.50
|
0.63
|
0.38
|
0.32
|
0.54
|
Silver (g/t)
|
1.29
|
1.19
|
1.29
|
1.27
|
1.25
|
1.26
|
Concentrates produced ('000 tonnes)
|
201.9
|
173.2
|
191.9
|
182.7
|
144.3
|
749.6
|
Average concentrate grade (% Cu)
|
22.5
|
21.2
|
21.9
|
21.3
|
21.0
|
21.7
|
Production of metals in concentrates:
| ||||||
Copper ('000 tonnes)
|
45.4
|
36.7
|
41.9
|
38.9
|
30.3
|
163.0
|
Gold ('000 ounces)
|
146
|
113
|
131
|
79
|
59
|
468
|
Silver ('000 ounces)
|
255
|
235
|
249
|
238
|
211
|
977
|
Concentrate sold ('000 tonnes)
|
186.3
|
92.6
|
224.4
|
165.9
|
148.3
|
669.2
|
Sales of metals in concentrates:
| ||||||
Copper ('000 tonnes)
|
39.0
|
19.6
|
46.4
|
34.4
|
29.9
|
139.4
|
Gold ('000 ounces)
|
111
|
73
|
149
|
102
|
57
|
435
|
Silver ('000 ounces)
|
207
|
106
|
278
|
192
|
179
|
783
|
Metal recovery* (%)
| ||||||
Copper
|
86.3
|
79.7
|
83.9
|
80.1
|
78.1
|
82.8
|
Gold
|
72.2
|
69.3
|
68.7
|
59.3
|
59.0
|
68.4
|
Silver
|
65.3
|
62.5
|
64.1
|
55.1
|
54.3
|
61.6
|
Turquoise Hill Resources Ltd.
turquoisehill.com
|
Suite 3680 1 Place Ville-Marie
Montreal, Quebec, Canada
H3B 3P2
|
Telephone + 1 514 848 1567
Toll Free + 1 877 589 4455
|
info@turquoisehill.com
|
Turquoise Hill Resources Ltd.
turquoisehill.com
|
Suite 3680 1 Place Ville-Marie
Montreal, Quebec, Canada
H3B 3P2
|
Telephone + 1 514 848 1567
Toll Free + 1 877 589 4455
|
info@turquoisehill.com
|
Turquoise Hill Resources Ltd.
turquoisehill.com
|
Suite 3680 1 Place Ville-Marie
Montreal, Quebec, Canada
H3B 3P2
|
Telephone + 1 514 848 1567
Toll Free + 1 877 589 4455
|
info@turquoisehill.com
|
Turquoise Hill Resources Ltd.
turquoisehill.com
|
Suite 3680 1 Place Ville-Marie
Montreal, Quebec, Canada
H3B 3P2
|
Telephone + 1 514 848 1567
Toll Free + 1 877 589 4455
|
info@turquoisehill.com
|
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Turquoise Hill Resources Ltd. published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2022 21:24:02 UTC.