Oz Minerals (ASX:OZL) operational and growth targets achieved

Company News

by Rachael Jones

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$9.100 -$0.237 -2.53%
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Last Updated: 27/02/2020 3:59 PM

Oz Minerals (ASX:OZL) released their fourth quarter report showing Prominent Hill achieved copper guidance for the fifth consecutive year.

The Carrapateena mine will be in ramp-up phase this year, having produced first saleable concentrate prior to year-end.

FY revenue of $1.1 billion with a closing cash balance of $134 million (unaudited) after year of substantial growth investment

Shares in Oz Minerals (ASX:OZL) are trading 0.5 per cent higher at $9.83.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.