OZ Minerals Limited
(ASX:OZL) has posted a 5 per cent improvement in its half year net profit, generating $119 million in the first six month of 2012.
The copper and gold miner’s result came in the same period it delivered steady copper production and posted a fall in gold production.
CEO and Managing Director, Terry Burgess says the company managed a pleasing performance in the first half in the same period it completed a $200 million on market share buyback.
OZ Minerals has forecast annual production to come in at the lower end of the guidance range.
An unfranked interim dividend of 10 cents per share has been declared.
