Why Shares of Turquoise Hill Are Crashing Today

Why Shares of Turquoise Hill Are Crashing Today

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.