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OZ Minerals 2012 half year financial results announcement

Posted 15 August 2012

ASX Releases

Highlights

  • Safety programs continue to drive improved safety performance at Prominent Hill during the first half of 2012.
  • Prominent Hill delivered a solid operational performance for the first half of 2012 with Group:

− Revenue of $514.8 million;

− Underlying EBITDA of $225.0 million; and

− Net profit after tax of $119.5 million

  • Net cash inflows from operating activities of $126.6 million with a cash balance at 30 June 2012 of $651.1 million.
  • Revised C1 cost guidance for 2012 from US$1.00 to US$1.10 per pound to
    US$1.10 to US$1.20 per pound (based upon consensus gold price and Australian Dollar / US Dollar exchange rate).
  • Unfranked dividend of 10 cents per share.
  • Exploration decline at Carrapateena expected to commence in early 2013 subject to receipt of necessary permits and clearances.
  • In-fill drilling program at Carrapateena continues to confirm and extend known mineralisation.
  • On-market share buyback of $200 million completed, with $100 million of shares
    bought back in the first half of 2012.
  • Sale of exploration assets in Cambodia completed.

OZ Minerals 2012 half year financial results announcement Download pdf 172 KB