OZ Minerals major projects on track

Company News

by Anna Napoli

Mining company OZ Minerals (ASX:OZL) has achieved 28,525 tonnes of total copper production and 27,072 ounces of total gold production for the second quarter of 2019.

All-in sustaining costs for the quarter were 119.7 US cents per pound.

OZ Minerals also says that the Carrapateena Project is on schedule for the first concentrate in the fourth quarter with around 46,000 tonnes of development ore stockpiled.

OZ Minerals says major assets, Prominent Hill and Carrapateena, are on plan. Prominent Hill production is on track to achieve guidance and ramp-up of the underground is progressed.

Shares in OZ Minerals (ASX:OZL) are trading 0.3 per cent higher at $10.12.