OZL 0.00% $26.44 oz minerals limited

News: Oz Minerals to hit targets

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    OZ Minerals Limited (ASX:OZL) says its 2013 production is on track to meet forecasts, with costs to be at the lower end of guidance.


     


    The company has reaffirmed full-year production guidance of 70,000 tonnes to 75,000 tonnes of copper and 120,000 ounces to 130,000 ounces of gold.


     


    The miner said C1 costs are on track to be at the lower of the guidance range of $2.09 to $2.25 per pound of payable copper.


     


    Oz Minerals says open pit operations faced a number of issues in the first part of 2013, as previously reported, as the attempt to maximise ore production led to inefficiencies in the pit.


     


    The miner says it is taking measures to ensure the most efficient and productive use of mining equipment.


     


    Oz Minerals booked a net loss of $268 million in the first half of fiscal 2013.

 
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Currently unlisted public company.

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