Turquoise Hill Additional Delays Shareholder Meet On $3 Three Billion Rio Tinto Buyout


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three.Shaft three and four progress continues to be closely monitored against the 2022 schedule update. Mill throughput of 10.68 million tonnes in Q3’22 was 14% larger than Q3’21 and ten% higher than Q2’22, which is in line with expectations due to larger mill availability. Expenditures on house, plant and equipment for 2022 remains inside the guidance range of $140 million to $170 million for surface operations. The previously announced de-bottlenecking program is roughly 70% complete and is tracking ahead of schedule.

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So I also just wanted to ask about your comments about Argentina, and your latest thoughts on whether or not you see any potential for improvement from here based on what you are seeing at both the state and federal level. So we’re upgrading, as you know, the Carlin gold quarry roaster considerably. And we’ve had to definitely place a lot of focus back into the Sage mill to make positive that we can meet the production that we’re targeting coming out of Turquoise Ridge.

Most see a provide shortfall by 2025 & beyond, even if recycling of scrap copper picks up. Which indicates the supply-use gap most likely will push rates up for the lengthy-term. Sadly a knockout post, Pentwater announced the purchase of 1.73% a lot more of Turquoise Hill stock more than the weekend which took its stake to 11.67%.

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