Oz Minerals on track for FY guidance

Company News


Oz Minerals Ltd (ASX:OZL) says it is on track to meet its full year production guidance, despite having recorded a fall in output in the last quarter.

For the three months ended on the 30 September the copper miner posted a 5.2 per cent decline in production from its only operating mine at Prominent Hill in South Australia.

Operations produced 26,841 tonnes of copper, while gold as a byproduct rose in production to 51,451 ounces.

Including the September quarter production results total production for the year to date has almost hit 87,000 tonnes.

Oz Minerals confirms it expects meet its target range of between of 100,000 tonnes to 110,000 tonnes for the 2010 financial year.

Oz Minerals recorded a profit of $405.7 million in the six months to 30 June 2010.

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