Copper/gold miner Oz Minerals has increased its full year production expectations following a strong second quarter, prompting the miner to reinvest some of its deferred capital expenditure.
The miner on Wednesday increased its copper production targets for the full 2020 from the previous estimate of between 83 000 t and 100 000 t to between 88 000 t and 105 000 t, while the gold production forecast has been increased from between 217 000 oz and 234 000 oz to between 227 000 oz and 249 000 oz.