OZ Minerals Limited
(ASX:OZL) has announced a strong operational finish to 2015 with a record year of production in its fourth quarter report for the three months ending 31 December 2015.
The company reported 2015 total copper production of 130,305 tonnes. This marks the upper end of its guidance of 126,000 to 131,000 tonnes.
Total gold production exceeded estimates. The miner produced 113,028 ounces of gold, above the 100,000 to 110,000 ounces forecast.
OZ Minerals Managing Director and CEO, Andrew Cole acknowledged Prominent Hill is generating very significant cash flows with healthy margins, noting that it sets the company up for another strong year in 2016.
Oz Minerals recorded a net profit of $51.8 million at 30 June 2015.
