OZ Minerals Limited
(ASX:OZL) has beaten its annual output forecast and launched a strategic review to take on what it describes as a ‘changing resources sector’.
The mining company produced 92,615 tonnes of copper over last year, beating the guidance range of between 85,000 to 90,000 tonnes.
Annual gold production came in at 148,192 ounces, exceeding the guidance range of between 130,000 to 140,000 ounces.
The strategic review of the company’s operations will look at all aspects of the business, from current costs to future opportunities, and is expected to be completed no later than April.
OZ Minerals reported a net loss of $7.4 million in the first half of the 2014 calendar year.
