CAPITAL MARKETS

OZ downgrades gold guidance

OZ Minerals’ Prominent Hill mine achieved copper guidance for the eighth successive quarter, but a state-wide South Australian power outage this month has resulted in a reduced outlook for gold.

Kristie Batten
OZ downgrades gold guidance

Copper production at Prominent Hill rose by 5% to 28,756 tonnes, while gold production was down from 30,099 ounces to 28,466oz. C1 cash costs dropped to US70.7c per pound of copper from 72c/lb. The...

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