Oz Minerals Ltd Ord

(OZMLF)

By |

Profile

Oz Minerals is a midtier copper/gold producer. Prominent Hill produces about 100,000 tonnes of copper a year, with cash costs below the industry average. The mine is very small contributor to total global refined output of about 24 million tonnes in 2018. Finite reserves are a challenge, but management has extended life at Prominent Hill, albeit at a lower production rate. Life extension comes with development of the nearby Carrapateena mine, starting late 2019. Carrapateena should initially produce copper and gold at about 60% of Prominent Hill's rate before expanding to a similar rate from 2028. The acquisition of Brazil-based Avanco Resources should add volume growth from 2020. Oz Minerals aims to add at least 50,000 tonnes of copper and 100,000 ounces of gold production a year.

Contact Information

Website: www.ozminerals.com
Email: tom.dixon@ozminerals.com
Main Phone: +61 882296600
Address: Adelaide Airport
Address 2: 2 Hamra Drive
State: SA
City / Town: Adelaide
Country: AUS
Postal Code: 5950

Issuer Information

Exchange: OTO
NAICS: All Other Metal Ore Mining(212299)


Gathering Data... Please wait

Profile

Oz Minerals is a midtier copper/gold producer. Prominent Hill produces about 100,000 tonnes of copper a year, with cash costs below the industry average. The mine is very small contributor to total global refined output of about 24 million tonnes in 2018. Finite reserves are a challenge, but management has extended life at Prominent Hill, albeit at a lower production rate. Life extension comes with development of the nearby Carrapateena mine, starting late 2019. Carrapateena should initially produce copper and gold at about 60% of Prominent Hill's rate before expanding to a similar rate from 2028. The acquisition of Brazil-based Avanco Resources should add volume growth from 2020. Oz Minerals aims to add at least 50,000 tonnes of copper and 100,000 ounces of gold production a year.

Contact Information

Website: www.ozminerals.com
Email: tom.dixon@ozminerals.com
Main Phone: +61 882296600
Address: Adelaide Airport
Address 2: 2 Hamra Drive
State: SA
City / Town: Adelaide
Country: AUS
Postal Code: 5950

Issuer Information

Exchange: OTO
NAICS: All Other Metal Ore Mining(212299)
$ 6.60 $ 0. (0.00%)
Last Price 6.60 Change $ 0. Change % 0.00 Tick N/A
Bid N/A Bid Size N/A Ask N/A Ask Size N/A
Open N/A High N/A Low N/A Prev Close 6.60
Last Trade Volume 0 52 Wk Hi 7.89 52 Wk Low 5.90
Market Cap 2.1 bi Ex-Div Date N/A Div Rate N/A Yield N/A
Shares 323,874,831.00 EPS (TTM) 0.50 PE Ratio 13.10 Exchange OTCPK