Oz Minerals (OZL) share price slides despite solid quarterly
OZL -2.89%: Production numbers out today that came in at the bottom end of the guided range for Copper although that had been flagged in the September quarter update, while Gold production was at the high end of the range – costs were in line with expectations. Importantly, OZL delivered another strong year – the 7th consecutive year of meeting copper guidance! Taking a step back, OZL has just had the best calendar year since 2015 and the second best year overall. CY22 guidance points to a record year for OZL up ~10% YoY and up 6% vs 2015 record (130kt).
MM remains bullish OZL
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