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Oz Minerals smashes production records

Copper and gold producer OZ Minerals expects a strong performance in 2016, after posting record production results for last year despite commodity price plunges.

The miner exceeded its targets to produce 130,305 tonnes of copper in 2015, with 32,636 tonnes produced in the December quarter.

Total gold production for 2015 was 113,028 ounces, much better than the 100,000-110,000 ounces the miner had forecast.

Managing director Andrew Cole said the company's Prominent Hill mine in South Australia was generating significant cash flows and that the group's recent focus on driving costs down while improving output had set it up for another strong year.