Oz Minerals on Track to Meet 2017 Guidance
We retain our AUD 6.40 per share fair value estimate for no-moat-rated Oz Minerals. Third-quarter production at Prominent Hill was broadly in line with the previous quarter and  expectations. Our adjusted earnings forecast for 2017 of AUD 0.58 per share is largely unchanged. Our no-moat rating reflects relatively short mine life at Prominent Hill, the significant up-front capital to develop Carrapateena and expected lower copper prices.Outside Prominent Hill, development of the Carrapateena min...
OZ Minerals is a mining company engaged in exploring for, developing and operating copper, gold and base metal projects. It owns the Prominent Hill copper-gold mine and Carrapateena copper-gold project, both located in South Australia. Co.'s operating segments are: Prominent Hill, which comprised of mining copper, gold and silver from the Prominent Hill Mine; Carrapateena, which comprised of exploration and evaluation associated with the Carrapateena project; Exploration and Development, which comprised of exploration and evaluation activities associated with the other projects and include interests and joint ventures with Minotaur and Toro Energy Ltd, and Corporate Development activities.
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