Turquoise Hill announces increased gold production guidance and provides second quarter 2020 production, underground development, COVID-19, funding and liquidity updates and responds to Pentwater’s allegations

Gold production guidance for 2020 has increased to a range of 155,000 – 180,000 ounces from 120,000 – 150,000 ounces, while Copper production remains on track to achieve guidance of 140,000 to 170,000 tonnes. C1 cost guidance range is being lowered to $1.60 – $2.00 from $1.80 – $2.20 per pound of copper due to the positive impact from the increased 2020 gold production forecast.

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