OZ Minerals Limited (ASX:OZL) says its Prominent Hill operations delivered a consistent performance in 2012 despite gold and copper production falling below the previous year.
Copper production dipped over 5.5 per cent to 101.7 thousand tonnes, while gold declined by 120 per cent to 140.7 thousand ounces.
2013 production guidance has flagged up to 95 thousand tonnes of copper and 150 thousand ounces of gold.
OZ says 2013 will represent a significant investment in the future production capacity of its Malu open pit gold and copper mine in South Australia.
The miner says Malu activity levels will peak in the current calendar year, expecting to mine over 90 million pre-stripped tonnes.
OZ Minerals achieved a $119.5 million net profit in the first half of its 2012 financial year.
OZL Price at posting:
$6.96 Sentiment: None Disclosure: Held
