Oz Minerals (OZL) production ahead of expectations
Oz Minerals (OZL) +4.24%
The rally continued for OZL today on a strong set of June quarter production numbers, the short take is that operations are running well with FY20 guidance upgraded on better copper and gold output from their Australian assets. Future growth comes from continued ramp up at Carrapateena which is progressing well while financials are very sound (net cash $15m +$400m facility). All in all, OZL has have been delivering since 2015 so today's very good quarterly and upgraded guidance should be seen as the continuation of a very impressive trend.
Oz Minerals (OZL) Chart
