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Turquoise Hill considers gold streaming, debt funding for Oyu Tolgoi

Dec 23, 2020

Source: https://www.mining.com/web/turquoise-hill-considers-gold-streaming-debt-funding-for-oyu-tolgoi/

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Turquoise Hill considers gold streaming, debt funding for Mongolian mine

Oyu Tolgoi (Credit: Turquoise Hill Resources)

Turquoise Hill Resources said on Tuesday it intended to pursue “gold streaming” and medium-term debt offering transactions for its Oyu Tolgoi copper and gold project in Mongolia.

The streaming transaction would involve “a significant up-front payment” to Oyu Tolgoi, as well as deferred payments based on gold “spot” prices, Turquoise Hill said.

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Oyu Tolgoi (Credit: Turquoise Hill Resources)

Turquoise Hill Resources said on Tuesday it intended to pursue “gold streaming” and medium-term debt offering transactions for its Oyu Tolgoi copper and gold project in Mongolia.

The streaming transaction would involve “a significant up-front payment” to Oyu Tolgoi, as well as deferred payments based on gold “spot” prices, Turquoise Hill said.

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