CAPITAL MARKETS

OZ slumps on Prominent Hill outlook

OZ Minerals shares lost more than 30% this morning as the company disappointed the market with the 2014 production guidance for its flagship Prominent Hill copper-gold operation in South Australia.

Kristie Batten
OZ slumps on Prominent Hill outlook

It’s been a challenging year at Prominent Hill, with two guidance downgrades, but OZ said it was on track to meet the revised 2013 guidance of 70,000-75,000 tonnes of copper and 120,000-130,000 ounces...

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