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Posted in | Gold | Copper | Earnings

Oz Minerals Reports Increased Copper Output

Published on April 14, 2011 at 8:05 PM

By Joel Scanlon

Oz Minerals has announced a 2% rise in first quarter of copper production. From the Prominent Hill mine the company output 25,708 tonnes of copper in the quarter, this is higher than the 25,185 tonnes of copper in the previous quarter.

However gold output for the quarter has gone down by 23% when compared to the previous quarter. The gold produced was 41,911 ounces in the quarter, less that the 54,128 ounces that were mined in the previous three months.

Australian-based miner OZ Minerals owns and operates the high quality new Prominent Hill copper-gold mine in South Australia. he company is also building a pipeline of projects which can deliver superior returns in the medium term through acquisition, organic developments and a strong commitment to exploration both at existing projects and through the identification of new opportunities.

OZ Minerals is currently exploring in Australia,  Chile, Mexico and the US and currently has four exploration projects in Cambodia’s province of Mondulkiri, the most advanced of these is the Okvau project which is believed to be a promising gold area.

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