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Why Shares of Turquoise Hill Are Crashing Today

·2 min read
Why Shares of Turquoise Hill Are Crashing Today
In this article:
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Apparently, the challenges that the company is facing at the Oyu Tolgoi mine, as well as pessimism from Wall Street, is motivating investors to exit their positions today. As of 11:10 a.m. EDT, shares of Turquoise Hill had fallen 17.6%. Providing a third-quarter 2021 production update yesterday, Turquoise Hill reported that funding requirements for Oyu Tolgoi will be steeper than what it had previously estimated.

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