Proactive Investors - Run By Investors For Investors

Aeris Resources upgrades copper production guidance for second time

The company had already upgraded forecast production in late April 2019.
growth concept
Aeris had cash and receivables of $23.9 million at the end of the March quarter

Aeris Resources Ltd (ASX:AIS) has upgraded its full year copper production guidance by 4% to a range of 26,450 to 26,650 tonnes from its Tritton Copper Operation in New South Wales.

The increase in production forecast is due to strong production performances at both the Tritton and Murrawombie underground mines and better copper grades. 

Production guidance was originally 24,500 tonnes before it was upgraded to 25,500 tonnes on 24 April 2019.

Notably, today’s upgrade represents an 8.3% increase on the original guidance.

Tritton tenement package

READ: Aeris Resources begins review of geological data from Torrens copper-gold anomaly

While the company is a copper producer through its Tritton operations, it also has a number of brownfields and greenfields exploration projects that present significant growth opportunities.

One such project is the Torrens Exploration Project in South Australia, which hosts a copper-gold anomaly with a footprint larger than Olympic Dam.

Aeris and its joint venture partner Argonaut Resources NL (ASX:ARE) commenced a high profile drill program at the Torrens anomaly in January 2019.

View full AIS profile View Profile

Aeris Resources Ltd Timeline

Related Articles

White Mesa Mill
Headquartered in Colorado, Energy Fuels is a fully-integrated producer of both uranium and vanadium, and owner of the only operational conventional uranium mine in the US
A gold nugget
March 31 2019
The Albury Heath project near Meekatharra now contains 35,479 ounces of gold.
Map of Queensland, Australia
February 28 2019
A recently published preliminary economic assessment shows an after-tax net present value of A$124 million and an internal rate of return of 24%
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use