Aeris Resources Limited (ASX: AIS)

Aeris Resources Limited is a mid-tier base and precious metals producer. It is engaged in the production, sale and exploration of copper, zinc, gold and silver. Its segments include Tritton Copper Operations; Cracow Gold Operations; North West Copper Operations; Jaguar Zinc and Copper Operations; Stockman Copper and Zinc Project, Other.

Tritton Copper Operations is an underground copper operation located in the Cobar region of central New South Wales. Cracow Gold Operations is an underground gold operation located in central Queensland. Jaguar Operations is an underground zinc, copper and silver mining operation located in the Eastern Goldfields region of Western Australia.

North Queensland Operations comprises of underground Mt Colin copper mine, Barbara development project and a prospective, 1,102 square kilometers (km2) tenement package. The Stockman Copper and Zinc Project is a copper and zinc development project located 300 kilometers (km) northeast of Melbourne.

Top Australian Brokers

eToro - Social and copy trading platform - Read our review
IC Markets - Experienced and highly regulated - Read our review
Pepperstone - Trading education - Read our review

REVENUE IN AUD (TTM)

588.82m

NET INCOME IN AUD

-108.74m

Year on year Aeris Resources Ltd’s net income fell from a gain of 6.01m to a loss of 139.75m despite revenues that grew 58.44% from 386.59m to 612.49m. An increase in the cost of goods sold as a percentage of sales from 91.42% to 115.18% was a component in the falling net income despite rising revenues.