OZ Minerals: Interim result 2014

Headline numbers seemed ok but a deeper look left us disappointed. Gaurav Sodhi laments what could have been for this once mighty miner.

At first glance, OZ Minerals' half-year result appeared fine. Fuelled by higher gold production and higher copper prices, revenue rose 11% to $351m; lower operating and exploration costs helped earnings before interest, tax, depreciation and amortisation  (EBITDA) climb 144% to $122m; the company carries $155m of net cash on its balance sheet and paid an interim dividend of 10 cents per share (unfranked, ex date 9 Sep).

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles