UNDERGROUND

OZ battles inflation woes

OZ MINERALS is blaming ongoing COVID absenteeism, supply chain disruption and inflationary pressures for a 9.5% quarter-on-quarter drop in copper production at Carrapateena and Prominent Hill in South Australia.

Carrapateena

Carrapateena

Total production in the second quarter 2022 was 27,423 tonnes of copper and 51,184 ounces of gold, at cash costs of US$1.42 per pound and all-in sustaining costs of $2.10/lb. OZ recorded net revenue...

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