Oz Minerals reports record jump in production

Company News


Oz Minerals Limited (ASX:OZL) says a record year of production has produced a 168 per cent jump in profit for 2015.
 
Record copper production came in at 130,305 tonnes, pushing revenue to $879.4 million.
 
Net profit came in at $130.2 million and underlying EBITDA came in at $484.9 million.
 
The company says its expects 2016 to be another excellent year for copper production increasing to 115,000 to 125,000 tonnes and gold production guidance increasing to 125,000 to 135,000 ounces.
 
The board will pay a final dividend of 14 cents per share, bringing the full year dividend to 20 cents per share. 

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