OZ Minerals Limited announced production results for the fiscal 2012. For the year, the company produced 101,700 tonnes of copper and just over 140,000 ounces of gold, therefore meeting production guidance.

The copper production guidance for 2013 is 90,000 to 95,000 tonnes. The gold production remains almost the same as it was in 2012 of 130,000 to 150,000 ounces. And the cost will be between $1.50 and $1.65. The C1 cost will be in the range of USD 1.50 to USD 1.65 per pound, payable pound.

The company announced cost plus the exploration drilling will total about $60 million to $70 million for 2013.