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OZ Minerals Limited (ASX:OZL) has lowered its full-year copper output guidance, despite reporting mildly better-than-expected copper and gold production in the first quarter.
In the March quarter, OZ Minerals' copper output was 20,474 tonnes. That was down slightly on the 23, 296 tonnes produced in the December quarter.
The miner has lowered its full-year copper output forecast to between 82,000 and 88,000 tonnes, from 90,000 to 95,000 tonnes.
The company also announced gold output of 31,790 ounces, another minor fall from the 32,273 ounces recorded in the December quarter.
But the company maintained its gold production guidance of between 130,000 ounces to 150,000 ounces.
OZ Minerals reported a net profit of $152 million for its 2012 financial year.
