OZ Minerals Limited (ASX:OZL) has trimmed its interim loss and forecast higher production over the coming years.
The copper and gold producer reported a first half net loss of $7.4 million, from a loss of $268 million the year before.
Revenue rose 11 per cent to $351 million on the back of higher gold sales volumes and higher Australian dollar copper and gold prices.
Looking ahead copper production from existing operations, Malu Open Pit and Ankata Underground is expected to exceed 95,000 tonnes per annum for 2015 to 2018.
Over the same period gold production based on reserves is also expected to be in excess of 95,000 tonnes per annum.
An unfranked dividend of 10 cents per share has been declared.
