Oyu Tolgoi's throughput increases reached all-time high
Oyu Tolgoi's throughput increases reached all-time high.
Oyu Tolgoi's throughput increases reached all-time high. Turquoise Hill Resources announced fourth quarter 2015 production for Oyu Tolgoi. For Q4 2015, throughput increased 9 percent over Q3 2015 reaching an all-time high. Copper production for the quarter increased 2 percent over Q3 2015 due to higher volumes. As a result of mining higher grades from Phase 2 and higher volumes, Q4 2015 gold production increased 67 percent over Q3 2015. Copper production for 2015 of 202,200 tons exceeded the Company's guidance of 195,000 tons and annual gold production of 653,000 ounces met 2015 guidance of 700,000 ounces. For 2015, Oyu Tolgoi's second full year of production, the mine operated at record levels. Compared to 2014 results, 2015 mined production increased 20 percent, concentrator throughput increased 24 percent, concentrate production increased 40 percent, copper production increased 36 percent, and gold production increased 11 percent. Oyu Tolgoi is expected to produce 175,000 to 195,000 tons of copper and 210,000 to 260,000 ounces of gold in concentrates for 2016. The majority of 2016 gold production is expected in the first half of the year.
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