Oyu Tolgoi Reports Declines in Copper and Gold Production in Q2

SHANGHAI, Aug. 15 (SMM) – Oyu Tolgoi saw declines in its copper ore and gold production in the second quarter of this year, finance.sina.com. reported.

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The mine reported daily dressing capacity unchanged at 105,000 tonnes in Q2 but copper ore production slipped 10.3% from Q1. This was due largely to low ore grade and low recycling rate.

Gold output from the mine also slid about 52% in April-June from January-March, hurt by low ore grade.Business revenues by the mine came in at $ 330 million in Q2, falling 22% from Q1, owing to poor sales of gold. 

The mime is expected to produce 175,000-195,000 tonnes of copper concentrate in 2016 and 255,00-285,000 ounces of gold. 

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