A modern
mining company

Why Invest in OZ Minerals

OZ Minerals headquartered in Adelaide, South Australia, is a world-class mining business that focuses on copper extraction.
The company owns and operates Prominent Hill – a high quality copper-gold mine in South Australia, Antas – a small, high quality copper-gold mine in Brazil and Carrapateena – a copper-gold project at an advanced development stage in South Australia. The company has a substantial cash balance.

Why invest in OZ Minerals?

  • Copper focus
  • Achieving consistent excellence in performance
  • Building a project pipeline
  • Customer solutions
  • Capital management discipline

Summary

Headquarters – Adelaide, Australia

Primary Stock Exchange Listing / Indices

Australia (stock code: OZL)
S&P ASX 100 Index
MSCI World Index within the Australian Standard Index

Issued share capital

As at 22 July 2019

  • 323,874,831 shares

Primary Activities

  • Prominent Hill copper-gold mine in South Australia
  • Antas copper-gold mine in the Para state of Brazil
  • Carrapateena copper-gold project in South Australia
  • West Musgrave copper-nickel project in Western Australia
  • Exploration activities in Australia and internationally

OZ Minerals' Strategy

OZ Minerals’ strategy is to create value for our shareholders and other stakeholders, by focusing on:

  • Global copper 
  • Capital discipline
  • Customer focus  
  • Being lean and innovative
  • Being devolved and agile 

Production

Prominent Hill 2018  2017 2016

2015

2014

2013

2012 

Copper 115,998t 112,008t

116,882t

130,305t 92,615t 73,362t

101,737t

Gold 135,647oz 126,713oz 118,333oz 113,028oz 148,192oz 128,045oz 140,746oz
Silver 702,703oz 791,404oz 842,672oz 749,349oz 652,988oz 613,499oz 721,998oz

* Production numbers are for contained metal.

2019 production guidance 97,000 tonnes to 109,000 tonnes copper and 118,000 ounces to 131,000 ounces gold.

 

View recent production results

Reserves and Resources

Click here to view OZ Minerals Resources and Reserves Statements.

Financial Summary

A$m Full year 
31 Dec 2018
Full year 
31 Dec 2017
Full year 
31 Dec 2016
Full year 
31 Dec 2015
Full year 
31 Dec 2014
Full year 
31 Dec 2013
Full year 
31 Dec 2012
Total revenue 1,117.0 1,023.1 822.9 879.4 831.0 644.0 985.7
Underlying EBITDA1 540.4 539.4 373.8 434.9 341.1  115.8

353.9
 

Depreciation and amortisation (228.5) (218.7) (208.7) (235.1) (296.1)

(218.5) 

(174.7)
Underlying EBIT1 311.9 320.7 165.1 199.8 45.0 (102.7)  179.2
Net financing income 7.1 8.7 9.0 2.9 3.6 7.0

19.9

Income tax benefit / (expense) on underlying (loss) / profit before tax (90.5)

(98.3)

 

(39.8) (63.1) (18.3) 33.2 (47.1)
Underlying NPAT1 228.3 231.1 ​134.3 139.6 30.3 (62.5)  152.0
Non underlying items net of tax (5.9) - (26.5) (9.4) 11.3 (231.9)  -
NPAT for continuing operations 228.3 231.1 107.8 130.2 41.6 (294.4) 

152.0

Gain on discontinued operations, net of tax - - - - 6.9 - -
NPAT 222.4   107.8 130.2 48.5 (294.4)  152.0

Non-IFRS measures

OZ Minerals financial results are reported under International Financial Reporting Standards (IFRS). This ASX Release includes certain non-IFRS measures including Underlying EBITDA, Underlying EBIT, Underlying EBT and Underlying NPAT. These measures are presented to enable understanding of the underlying performance of the Consolidated Entity without the impact of non-trading items such as litigation settlement expense and impairment of assets. Non-IFRS measures have not been subject to audit or review. Underlying EBITDA, Underlying EBIT, Underlying EBT and Underlying NPAT are included in Note 1 Operating Segments, which form part of the Consolidated Financial Statements. Refer Note 1 Operating Segments to the Consolidated Financial Statements for further details.

1The following explain the non-IFRS measures used in the table above.

Underlying EBITDA Profit before net financing income and income tax from continuing operations before depreciation and amortisation, impairment/impairment reversal, and litigation settlement expense.
Underlying EBIT Profit before net financing income and income tax from continuing operations before impairment/impairment reversal, and litigation settlement expense.

Underlying NPAT Profit from continuing operations before impairment/impairment reversal, and litigation settlement expense.

OZ Minerals balance sheet - summary

A$M Consolidated 31 Dec 2018 31 Dec 2017 31 Dec 
2016
31 Dec 
2015
31 Dec 
2014 

31
Dec 
2013

31 Dec 
2012*
Assets              
Cash 505.1 729.4 655.7 552.5 218.5 364.0 659.0
Receivables 98.0 152.3 77.2 98.6 127.8 127.6 171.7
Inventories 678.4 746.9 557.1 329.8 253.4 172.8 252.3
Other 26.7 3.9 19.4 4.9 6.0 4.0 5.9
Investments & exploration assets 57.1 18.0 303.1 284 429.0 493.7 568.2
PP&E and leased equipment 2,077.6 1,175.8 1,018.1 1,296.6 1,374.0

1,355.0

1,423.4
Total Assets 3,442.9 2826.3 2,630.60 2,566.4 2,408.7 2,517.1 3,085.6
Liabilities              
Creditors 152.2 97.6 77.4 65.1

76.7

133.7 108.3
Current tax liability - 101.1 69.0 - - - -
Net deferred tax liability 264.6 47.4 63.5 102.6 43.1  30.9 162.1
Accruals and provisions 110.9 63.9 66.4 54.8 39.8  24.6 29.3
Total Liabilities 527.7 310.0 276.3 222.5 159.6

189.2

299.7
Net Assets 2,915.2 2516.3 2,354.3 2,343.9 2,249.1 2,327.9  2,785.9

*Comparative Information has been restated in accordance with accounting requirements on application of AASB Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine, which impacts the treatment of waste stripping costs.

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