Oz profits rise with higher gold price

Copper/gold miner Oz Minerals has reported an 82% increase in net profits after tax for the half-year ended June, driven by higher gold volumes and the stronger gold price.

Net profit after tax for the first half of 2020 reached A$79.8-million, up from the A$43.9-million reported in the previous corresponding period, while net revenue increased from A$419.2-million to A$575.7-million.