Why Turquoise Hill Resources Stock Is Tumbling Today
Shares of Turquoise Hill Resources (NYSE: TRQ) slumped 13.5% by 10:30 a.m. EDT on Friday. Turquoise Hill Resources reported that personnel shortages due to COVID-19 restrictions affected its mining operations during the second quarter. Surging cases in Mongolia forced the country to enact a series of lockdowns, which limited the mining company's ability to maintain the employee levels needed to meet its production goal.