OZ cuts costs again, boosts gold guidance

FOR the second time this year OZ Minerals has reduced its cost outlook and raised its gold guidance, with the changes underpinned by record mining movements and improved grade at its Prominent Hill mine in South Australia.

OZ cuts costs again, boosts gold guidance OZ cuts costs again, boosts gold guidance OZ cuts costs again, boosts gold guidance OZ cuts costs again, boosts gold guidance OZ cuts costs again, boosts gold guidance

A new power backbone should save up to 20% in 2021 and a further 12% in 2022

After a busy September quarter, the company reduced its overall all-in sustaining cost guidance for 2020 from US70-85c per pound to 60-75c, with C1 cash costs at 0-15c/lb, thanks largely to