Oz Minerals Limited (ASX: OZL) has recently released its production report for the second quarter and first half ended 30 June 2018. It reported a consolidated 2018 half year production of 54,597 Tonnes of total copper and 58,994 ounces of total gold including 27,131 tonnes of total copper and 28,121 ounces of gold in the second quarter. In fact, it reported in-line production guidance range to between 100,000 to 110,000 tonnes for FY18 of total copper and 120,000 to 130,000 ounces of gold backed by strong growth strategy plan. Besides this, the Shipments of Prominent Hill concentrates for Q2FY18 totalled 65,375 dry metric tonnes, containing 29,145 tonnes of copper, 33,095oz of gold and 198,067oz of silver.
Further, the takeover of Avanco is now in compulsory acquisition stage in which they received acceptance of more than 90% of Avanco shareholders in late June. The integration of this compulsory takeover bid is underway with the commissioning of strategic planning. The Group has rich cash position with the cash reserve of $454 Mn after synergistic investments such as Avanco shareholder payments of $201 Mn, and investment into Carrapateena of $78 Mn and tax payments of $100 Mn. During the period, the group has recently relocated its head office to Adelaide Airport business district, enabling a more modern and collaborative workspace to facilitate the group cultural aspirations and reducing its annual rental costs by around 40% at the same time.
With this update, the share price climbed up 2.556 per cent at $ 9.23 with the market-cap of circa $2.9 Bn as of July 19, 2018; 4:30 P.M AEST.[pluginops_form template_id='23834' ]
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.