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Last C$5.41 CAD
Change Today 0.00 / 0.00%
Volume 1.5M
As of 4:00 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

turquoise hill resources ltd (TRQ) Snapshot

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52 Week High
05/19/15 - C$5.80
52 Week Low
01/14/15 - C$3.17
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Average Volume 10 Days
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turquoise hill resources ltd (TRQ) Details

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. The company was founded in 1994 and is headquartered in Vancouver, Canada. Turquoise Hill Resources Ltd. is a subsidiary of Rio Tinto International Holdings Limited.

2,897 Employees
Last Reported Date: 03/24/15
Founded in 1994

turquoise hill resources ltd (TRQ) Top Compensated Officers

Chief Executive Officer, Non Independent Dire...
Total Annual Compensation: $25.0K
Chief Financial Officer
Total Annual Compensation: $157.5K
Senior Vice President of Operations and Techn...
Total Annual Compensation: $296.2K
Compensation as of Fiscal Year 2014.

turquoise hill resources ltd (TRQ) Key Developments

Rio Tinto finalizes Deal with Mongolia to Proceed with $5.4 Billion Oyu Tolgoi Mine Expansion

Rio Tinto has reached a deal with the Mongolian Government for its $5.4 billion expansion of the underground mine at Oyu Tolgoi. The company has signed the mine development and financing plan alongside the government and its subsidiary Turquoise Hill Resources, which owns most of the mine. Following the agreement, the focus will now be on finalizing project finance, a feasibility study, and obtaining all necessary permits for the mine development to go ahead. According to Rio Tinto, the construction of the first phase of the open-pit Oyu Tolgoi mine was completed on schedule in less than two years. The mine shipped one million tonnes of copper concentrate in March 2015.

Turquoise Hill Resources Ltd. - Special Call

To discuss details of the recently announced Oyu Tolgoi Underground Mine Development and Financing Plan

Turquoise Hill Resources Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Second Half of 2015

Turquoise Hill Resources Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of USD 426.2 million compared to USD 113.9 million a year ago. Net income from continuing operations attributable to parent were USD 67.1 million or USD 0.03 per basic and diluted share compared to net loss from continuing operations attributable to parent of USD 9.4 million or USD 0.01 per basic and diluted share a year ago. Net income attributable to the parent was USD 96.2 million or USD 0.04 per basic and diluted share compared to net loss attributable to the parent of USD 21.6 million or USD 0.02 per basic and diluted share a year ago. Revenue and sales reflects expected lower quarterly production and reduced head grades as well as the impact of the Lunar New Year holiday when border and customs operations were closed. Operating cash flows were USD 105.3 million, reflecting period sales, which were particularly impacted by high by-product revenues, and further drawdown of run-of-mine inventories held at December 31, 2014. Additions to property, plant and equipment were USD 30.4 million, including approximately USD 27.0 million for sustaining capital activities including the tailing storage facility. Income before finance items and taxes was USD 65.324 million compared to loss of USD 53.615 million a year ago. Income from continuing operations before taxes was USD 64.191 million compared to loss of USD 56.967 million a year ago. Net cash generated from operating activities was USD 101.069 million compared to net cash used in operating activities of USD 130.303 million a year ago. Expenditure on property, plant and equipment was USD 24.283 million compared to USD 76.838 million a year ago. The company expects production distribution at Oyu Tolgoi to be relatively similar to 2014 with production levels significantly higher in the second half of 2015.


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Price/Sales 4.6x
Price/Book 1.1x
Price/Cash Flow 56.3x
TEV/Sales 4.4x

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