Investor Dashboard
Turquoise Hill (TRQ: TSX & NYSE) is an international mining company focused on the operation and further development of the Oyu Tolgoi copper-gold mine in southern Mongolia, which is the Company’s principal and only material mineral resource property. Turquoise Hill’s ownership of the Oyu Tolgoi mine is held through a 66% interest in Oyu Tolgoi LLC; the remaining 34% interest is held by Erdenes Oyu Tolgoi LLC, a Mongolian state-owned entity.
Key operational metrics for Q1’21 are as follows:
Oyu Tolgoi Production Data
All data represents full production and sales on a 100% basis
| 1Q 2020 | 2Q 2020 | 3Q 2020 | 4Q 2020 | 1Q 2021 | Full Year 2020 | |
| Open pit material mined (‘000 tonnes) | 26,834 | 23,218 | 23,979 | 23,663 | 22,588 | 97,694 |
| Ore treated (‘000 tonnes) | 10,889 | 9,645 | 10,072 | 9,594 | 9,813 | 40,200 |
| Average mill head grades: | ||||||
| Copper (%) | 0.42 | 0.47 | 0.45 | 0.50 | 0.56 | 0.46 |
| Gold (g/t) | 0.15 | 0.19 | 0.21 | 0.41 | 0.68 | 0.24 |
| Silver (g/t) | 1.14 | 1.22 | 1.22 | 1.16 | 1.29 | 1.18 |
| Concentrates produced (‘000 tonnes) | 164.5 | 169.9 | 168.5 | 190.2 | 201.9 | 693.1 |
| Average concentrate grade(%Cu) | 21.4 | 21.5 | 21.5 | 21.9 | 22.5 | 21.6 |
| Production of metals in concentrates: | ||||||
| Copper (‘000 tonnes) | 35.2 | 36.5 | 36.3 | 41.6 | 45.4 | 149.6 |
| Gold (‘000 ounces) | 26 | 31 | 37 | 88 | 146 | 182 |
| Silver (‘000 ounces) | 214 | 212 | 219 | 231 | 255 | 876 |
| Concentrate sold (‘000 tonnes) | 125.9 | 194.3 | 167.9 | 181.5 | 186.3 | 669.6 |
| Sales of metals in concentrates: | ||||||
| Copper (‘000 tonnes) | 25.8 | 39.7 | 34.4 | 37.9 | 39.0 | 137.8 |
| Gold (‘000 ounces) | 20 | 31 | 34 | 66 | 111 | 150 |
| Silver (‘000 ounces) | 146 | 220 | 201 | 194 | 207 | 760 |
| Metal recovery (%) | ||||||
| Copper | 74.3 | 79.1 | 78.9 | 85.9 | 86.3 | 79.6 |
| Gold | 46.0 | 52.0 | 53.7 | 68.8 | 72.2 | 58.6 |
| Silver | 51.5 | 55.8 | 54.6 | 64.3 | 65.3 | 56.4 |
Key financial metrics for Q1’21 are as follows:
Oyu Tolgoi Key Financial Metrics(1)
| ($ in millions, unless otherwise noted) | 1Q 2021 | 1Q 2020 | Change % | 12 months 2020 |
| Revenue | 526.5 | 130.7 | 302.8% | 1,078.2 |
| Income (loss) for the period | 332.1 | 19.0 | – | 494.6 |
| Income (loss) attributable to owners of Turquoise Hill | 236.7 | 45.2 | – | 406.3 |
| Basic and diluted income (loss) per share attributable to owners of Turquoise Hill | 1.18 | 0.22 | – | 2.02 |
| Revenue by metals in concentrates | ||||
| Copper | 333.7 | 96.9 | 244.4% | 797.3 |
| Gold | 188.2 | 31.6 | 495.6% | 265.7 |
| Silver | 4.6 | 2.2 | 109.1% | 15.2 |
| Cost of sales | 155.6 | 145.9 | 6.6% | 669.4 |
| Production and delivery costs | 103.4 | 104.7 | (1.2%) | 493.4 |
| Depreciation and depletion | 52.2 | 35.0 | 49.1% | 176.0 |
| Capital expenditure on cash basis | 250.3 | 301.1 | (16.9%) | 1,080.5 |
| Underground-Development | 181.1 | 291.5 | (37.9%) | 926.7 |
| Underground-Sustaining | 60.9 | – | 100.0% | 94.4 |
| Open pit | 8.3 | 9.6 | (13.5%) | 59.4 |
| Proceeds from pre-production revenue | – | – | 0.0% | (26.1) |
| Royalties | 22.7 | 10.2 | 122.5% | 63.4 |
| Operating cash costs(2) | 201.2 | 188.1 | 7.0% | 747.9 |
| Unit costs ($) | ||||
| Cost of sales (per pound of copper sold) | 1.81 | 2.57 | (29.6%) | 2.20 |
| C1 (per pound of copper produced)(2) | 0.08 | 2.07 | (96.1%) | 1.45 |
| All-in sustaining (per pound of copper produced)(2) | 0.49 | 2.39 | (79.5%) | 1.94 |
| Mining costs (per tonne of material mined)(2) | 1.97 | 1.73 | 13.7% | 1.80 |
| Milling costs (per tonne of ore treated)(2) | 6.25 | 5.58 | 11.9% | 6.35 |
| G&A costs (per tonne of ore treated) | 3.47 | 2.95 | 17.8% | 3.11 |
| Cash generated from (used in) operating activities | (133.2) | (24.4) | 445.9% | 40.9 |
| Cash generated from operating activities before interest and tax | 248.2 | 1.5 | 16,446.7% | 371.2 |
| Interest paid | 26.5 | 26.8 | (1.1%) | 316.8 |
| Total assets | 13,673 | 12,915 | 5.9% | 13,369 |
| Total non-current financial liabilities | 4,431 | 4,384 | 1.1% | 4,419 |
(1) Any financial information in this MD&A should be reviewed in conjunction with the Company‘s consolidated financial statements or condensed interim consolidated financial statements for the reporting periods indicated.
(2) Please refer to NON-GAAP MEASURES – on page 25 of Q1 2021 MD&A for further information.
| Symbol | TRQ:CA |
| Last | $ |
| High | $ |
| Year High | $ |
| Bid | $ |
| Volume |
| Market Capitalization | $ |
| Open | $ |
| Low | $ |
| Year Low | $ |
| Ask | $ |
| Change | (%) |
| Symbol | TRQ |
| Last | $ |
| High | $ |
| Year High | $ |
| Bid | $ |
| Volume |
| Market Capitalization | $ |
| Open | $ |
| Low | $ |
| Year Low | $ |
| Ask | $ |
| Change | (%) |
Latest Reports & Presentations
Latest Metrics
Contact
Transfer Agent & Registrars
AST Trust Company (Canada)
Attn: Manager, Client Relations
1600 - 1066 West Hastings Street
Vancouver, BC, Canada
V6E 3X1
| Office: | +1 604 648 3934 |
| Mobile: | +1 778 238 8590 |
| Website: | www.canstockta.com |
| inquiries@canstockta.com | |