Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
G'Day James & Co, I am interested in your thoughts on Aeris. They have some interesting Copper and Gold ground and exhibit some of the characteristics shown by Evolution a few years back, including some big development costs ahead. Thanks, Ron
Hi Ron,
AIS is a $460mn copper and gold miner, with key operations at Tritton (copper) and Cracow (gold). It generates revenue from active mines and in FY25, it returned to profitability, reporting $577.1 million in revenue and net profit after tax of $45.2 million (vs a loss the prior year). Revenue is forecast to grow by 10% in FY26 while improving efficiencies are bringing costs lower.
Aeris Resources plans to spend around A$50 million over FY26–FY27 on developing and extending its Tritton copper operations, advancing gold drilling at Cracow, and progressing the Murrawombie Pit Project, with current cash flow comfortably covering these development costs.
It doesn’t get much hotter than gold & copper at the moment and we can see AIS trading in the 60-70c area through 2026 but some consolidation ~50c wouldn’t surprise.
Utlimately, we think it looks really good Ron – it’s strong rally in SP in the last month or so should mean Anita got a great birthday pressie this year!
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