Turquoise Hill sees reduced profits, advances Oyu Tolgoi underground works

August 1, 2017

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Rio Tinto subsidiary Turquoise Hill Resources has recorded a lower net income attributable to shareholders of $23.8-million in the quarter ended June 30, compared with $29.8-million during the corresponding quarter in 2016. In a trading statement released on Monday, the company attributed its $6-million loss in net income to lower copper prices and lower gold sales, which were partly offset by adjustments made in recognition of additional deferred tax assets.

Category: General