Entrée Resources Announces Fiscal Year 2020 Results and Reviews Corporate Highlights
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Company or
Entrée ) has today filed its annual operational and financial results for the year ended December 31, 2020. All numbers are in U.S. dollars unless otherwise noted.
2020 HIGHLIGHTS
Oyu Tolgoi Underground Development
The Oyu Tolgoi project in Mongolia includes two separate land holdings: the Oyu Tolgoi mining licence, which is held by Entrée s joint venture partner Oyu Tolgoi LLC (
OTLLC ) and the Entrée/Oyu Tolgoi joint venture property (the
Entrée/Oyu Tolgoi JV Property ), which is a partnership between Entrée and OTLLC. On March 8, 2021, OTLLC s 66% shareholder Turquoise Hill Resources Ltd. (
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Entrée Resources Announces Fiscal Year 2020 Results and Reviews Corporate Highlights
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Turquoise Hill announces financial results and review of operations for 2020
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MONTREAL, March 8, 2021 /PRNewswire/ - Turquoise Hill Resources today announced its financial results for the year ended December 31, 2020. All figures are in U.S. dollars unless otherwise stated. 2020 was an important year for Turquoise Hill. In the face of the COVID-19 pandemic that dominated 2020, the Oyu Tolgoi mine achieved another year of excellent operational results, with copper production in-line with original guidance, and gold production exceeding original forecasts, stated Peter Gillin, Chair of the Board of Directors of Turquoise Hill. In addition to our operational excellence, the Oyu Tolgoi team posted a new record safety performance while open-pit operations continued uninterrupted throughout the entire year. Focusing on the underground, milestones achieved during 2020 included updating the mine design and completing both the 202