OZ Minerals' Carrapateena Nearing Completion- Says Company in its Third Quarter Announcement

OZ Mineral Limited (ASX: OZL) reported that the Carrapateena first saleable concentrate is on schedule for November and the prospect is nearing completion.

  • The contained copper production stood at 24,663 tonnes in the third quarter, down by over 13.50 per cent against the previous quarter.
  • However, contained gold production witnessed a surge of over 12 per cent in the third quarter to stand at 30,346 ounces from the previous quarter production of 27,072 ounces of gold.
  • The all-in sustaining cost witnessed an increase of approx. 6.67 per cent to stand at USD 128 C/lb in the third quarter.
  • The cash cost or the C1 cost stood at USD 83 c/lb, up by USD 4 c/lb.

The stock surged on ASX by 1.46 per cent to trade at $9.710 (as on 16 October 2019 1:49 PM AEST).

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