ASX:OZL} is a current holding in our ASX 100 model portfolio.
The 2Q 19 production result was solid with higher copper production
offset by lower gold output. OZL produced 28kt of copper and 27koz of gold during the quarter.
You're not a member! Trial today
Construction work on Carrapateena is progressing well, with the process plant nearing completion.
OZL is to release its earnings result on 28 August.
Based on FY20 earnings we have OZL trading 17x and a 3% dividend yield. Increased production from expanding mine capacity should help to underpin EPS growth 2 – 3 years out.
