Business
ENTRÉE RESOURCES ANNOUNCES SECOND QUARTER 2023 RESULTS
ENTRÉE RESOURCES ANNOUNCES SECOND QUARTER 2023 RESULTS Canada NewsWire ...
About this update from Entree Resources Ltd
[{"type":"text","content":"\n\n \n \n \n ENTRÉE RESOURCES ANNOUNCES SECOND QUARTER 2023 RESULTS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 8, 2023\n \n \n /CNW/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the \"\n \n Company\n \n \" or \"\n \n Entrée\n \n \") has today filed its interim financial results for the second quarter ended\n \n June 30, 2023\n \n . All numbers are in U.S. dollars unless otherwise noted.\n \n \n Entrée's President and CEO\n \n Stephen Scott\n \n commented, \"It's been an extremely exciting first half of 2023 with many Oyu Tolgoi Lift 1 underground project milestones achieved including the commencement and ramp-up of production from Panel 0, improved sinking rates for Shafts 3 and 4, and completion of the Panels 1 and 2 mine design and schedule optimization studies. Our joint venture partner has advised that first development on the Entrée/Oyu Tolgoi JV Property is expected to commence in H1 2024 with production from Panel 1, which includes the Hugo North Extension deposit on the Entrée/Oyu Tolgoi JV Property, now scheduled for H1 2027. It certainly feels that we are closer than ever to our first production. Entrée also endorses ongoing Oyu Tolgoi project drilling designed to support an Order of Magnitude study for\n \n Hugo North\n \n /Hugo North Extension Lift 2, a significant portion of which is on the Entrée/Oyu Tolgoi JV Property.\"\n \n \n \n Q2 2023 HIGHLIGHTS\n \n \n \n \n Oyu Tolgoi Underground Development Update\n \n \n \n The Oyu Tolgoi project in\n \n Mongolia\n \n includes two separate land holdings: the Oyu Tolgoi mining licence, which is held by Entrée's joint venture partner Oyu Tolgoi LLC (\"\n \n OTLLC\n \n \") and the Entrée/Oyu Tolgoi joint venture property (\"\n \n Entrée/Oyu Tolgoi JV Property\n \n \"), which is a partnership between Entrée and OTLLC. Rio Tinto owns 66% of OTLLC and is the manager of operations at Oyu Tolgoi.\n \n \n \n In\n \n July 2023\n \n , Rio Tinto announce...