OZ Minerals hits FY guidance

Shares in group surge as it meets FY copper and gold guidance in year to December, cash position continues to deteriorate.

OZ Minerals (OZL) has met its full-year copper and gold guidance, but recorded significant declines in output on the previous year as well as reiterating its caution over the year ahead.

Shares in OZ Minerals surged in early trade. At 1030 AEDT, OZ Minerals shares were 17.59% higher at $3.61, against a benchmark index incline of 0.8%.

In earlier trade, OZ Minerals hit as high as $3.70.

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