OZMLF - OZ Minerals H1 revenue rises Y/Y

OZ Minerals (OZMLF) H1 net revenue of A$986M, compared to A$575.7M in prior year period.The company said 22% uplift in quarter-on-quarter copper production contributes to a strong first half operating performance.The net cash balance as of June 30, was $134M after $95M of revolving debt facility was fully repaid during the quarter.Q2 total copper production rises to 32.68K tons, compared to 24.58K tons in Q2 2020; Total gold production declined to 57.88K ounces from 68.74K ounces in the prior year period.Full year guidance for gold production raised to 205K-228K ounces from 190K-215K previously.Total copper guidance maintained at 120K-145K tonnes.Full year group C1 cost guidance was lowered to 65-75 U.S. c/lb (previously 70-80 US c/lb) primarily due to higher byproduct credits associated with expected higher gold production at Prominent Hill.“Full year group copper production guidance remains on track notwithstanding a lowering of annual guidance in the Carajás, Brazil, which has been impacted by direct and flow-on

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OZ Minerals H1 revenue rises Y/Y