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.

OZ downgrades gold guidance OZ downgrades gold guidance OZ downgrades gold guidance OZ downgrades gold guidance 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.