OZ Minerals Limited
(ASX:OZL) has announced its Q2 results show production is in line with annual guidance.
A procurement cost saving program has delivered another $5 million in annualized savings, bringing the total to date $25 million.
Safety has also improved, with the injury rate dropping by 5 percent on the prior quarter.
Gold production is on track to increase in the next quarter, while the cash balance continues to build.
OZ Minerals Limited reported a net profit of $130.2 million at 31 December 2015.
