Oz Minerals Limited
(ASX:OZL) has announced its copper and gold production has increased in Q4 2016, compared to Q3.
The Adelaide based mining company says its copper guidance for 2016 was achieved for the second consecutive year.
Its 2017 guidance has also been confirmed, while its guidance for both 2018 and 2019 have lifted.
Gold production was within its revised full year guidance and saw a 13% gain in Q3, despite losing over 290 processing hours from a power outage.
The miner also extended its Prominent Hill project life to 2028, driven by over 40% growth in underground Ore reserves.
Oz Minerals Limited
(ASX:OZL) posted a net profit of $29.50 million at 30 June 2016.
