OZ Minerals Limited
(ASX:OZL) has assured shareholders it is on track to meet full year production guidance despite recording a fall in the September quarter.
Quarterly copper and gold output dropped 5.7 and 2.6 per cent respectively on the previous corresponding period.
However Oz maintains full year guidance for its flagship Prominent Hill project in South Australia, expecting to produce up to 110,000 tonnes of copper and 150,000 tonnes of gold.
The miner described its quarterly production performance as solid and consistent, however also reported a lift in cash costs, from US71.8 cents last year to US117.9 cents in the September quarter.
OZ minerals recorded a full year net profit of $119.5 million in fiscal 2012.
