Oz Minerals lowers production targets

Copper/gold miner Oz Minerals has adjusted its full year copper production expectations to account for a softer start to the year.

Copper production expectations have been lowered from the previous estimate of between 127 000 t and 149 000 t, to between 120 000 t and 135 000 t, reflecting the impact of wet weather conditions and Covid-related absenteeism on operations during the second quarter ended June, as well as material handling system belt damage at the Carrapateena operation.