Oz Minerals targets A$150m cost cuts

Copper/gold miner Oz Minerals on Monday maintained its production guidance for the full 2020, but announced a A$150-million deferral in overall capital expenditure for the year.

The ASX-listed company told shareholders that in light of the COVID-19 pandemic, the company had undertaken an extensive review of all growth, exploration and other expenditure with the objective of maintaining a low cost metal production at its operating assets.