Oz Minerals set to meet FY copper/gold guidance
PERTH (miningweekly.com) – ASX-listed Oz Minerals has reported an increase in copper and gold production during the three months to September, as record plant throughputs were achieved.
Oz Minerals, which operates the Prominent Hill mine in South Australia, reported on Tuesday that copper production for the quarter under review increased to 26 249 t, compared with 22 181 t in the previous quarter. Gold production increased to 47 376 oz of gold, compared with 30 736 oz in the previous quarter.
The miner reported that the copper metal production recorded during the quarter indicated a return to the 100 000 t/y copper production run rate, with output “firmly on track” to meet the current full-year guidance of between 85 000 t and 90 000 t of copper, and between 130 000 oz and 140 000 oz of gold.
During the September quarter, the Prominent Hill mill also achieved its highest ever quarterly throughput rate of 2.8-million tonnes of ore, which resulted from engineering and operating plant optimisations and increased availability.
Meanwhile, the installation of an additional flotation cleaner stage progressed on schedule during the quarter, and would be commissioned in the final quarter of this year.
The flotation cleaner stage would assist in managing expected increases in uranium levels from the deeper ore, and would provide further flexibility in managing fluorine, which is variable in the orebody.
During October this year, Oz Minerals also reported its first production from stoping at the Malu underground mine, which forms part of Prominent Hill. Underground access was achieved through an extension to the main underground decline in early 2013, and resource drill testing has been ongoing since that time.
The underground mine was expected to ramp up to full production rates over the next year.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
