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    AIS   AU000000AIS8

AERIS RESOURCES LIMITED

(AIS)
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Aeris Resources : NOW DEBT FREE

07/29/2021 | 10:56am EDT

Established Australian copper-gold producer and explorer, Aeris Resources Limited (ASX: AIS) (Aeris or the Company) is pleased to advise that it has today repaid the outstanding balance (US$20m) of its senior debt (Tranche A Facility) with Special Portfolio Opportunity V Limited (SPOV).

Aeris has also today entered into arrangements for Australia and New Zealand Banking Group Limited (ANZ) to become the Company's senior banker.

ANZ will provide Aeris with a A$35m Contingent Instrument Facility, a A$20m Working Capital Facility (ANZ Facilities) and unsecured hedging lines for gold and FX. Aeris' Executive Chairman, Andre Labuschagne, said 'When I started with Aeris at the end of 2012 we had almost US$150m in debt. Making this last repayment and finally being debt free is particularly satisfying.' 'I would like to thank SPOV, our financier since late 2015, for their support over the last five and a half years. SPOV stood by the Company during some challenging times and also supported us last year to purchase the Cracow Gold Mine. They have been a great partner to the business.'

'We have had a long working relationship with ANZ, which has been further strengthened today as they now become our senior banker.' 'With a strong cash balance and financial flexibility, our focus is now to deliver on our development pipeline and aggressive exploration program planned for FY22.'

Contact:

Mr. Andre Labuschagne

Tel: +61 7 3034 6200

Web: www.aerisresources.com.au

About Aeris

Aeris Resources Limited (ASX: AIS) is a diversified mining and exploration company headquartered in Brisbane. The Company has a growing portfolio of copper and gold operations, development projects and exploration prospects. Aeris has a clear vision to become a mid-tier mining company with a focus on gold and base metals, delivering shareholder value. Aeris' Board and management team bring decades of corporate and technical expertise in a lean corporate structure. Its leadership has a shared, and highly disciplined focus on operational excellence, and an enduring commitment to building strong partnerships with the Company's workforces and key stakeholders.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
AERIS RESOURCES LIMITED -2.86% 0.17 End-of-day quote.70.00%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 0.11% 27.41 End-of-day quote.20.75%
All news about AERIS RESOURCES LIMITED
09/20AERIS RESOURCES LIMITED(ASX : AIS) added to S&P Global BMI Index
CI
09/07AERIS RESOURCES : Completes Phase 2 Drilling at Constellation Deposit; Shares Rise 5%
MT
09/07Aeris Resources Limited Provides an Update on Exploration Activities At the Constellati..
CI
08/26Aeris Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2021
CI
08/12HELIX RESOURCES : Unearths Copper at Canbelego Project
MT
08/03AERIS RESOURCES : Constellation update
AQ
08/02Aeris Resources Limited Provides an Update on Exploration Activities at the Constellati..
CI
08/02Aeris Resources Limited Provides an Update on Life of Mine Extension Projects Commencin..
CI
07/30AERIS RESOURCES : Produces Nearly 20,000 Ounces of Gold in Fiscal Q4
MT
07/29AERIS RESOURCES : Now debt free
AQ
More news
Financials
Sales 2022 451 M 327 M 327 M
Net income 2022 96,7 M 70,2 M 70,2 M
Net cash 2022 61,0 M 44,3 M 44,3 M
P/E ratio 2022 3,86x
Yield 2022 -
Capitalization 379 M 275 M 275 M
EV / Sales 2022 0,71x
EV / Sales 2023 0,39x
Nbr of Employees 1 091
Free-Float 70,7%
Chart AERIS RESOURCES LIMITED
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Aeris Resources Limited Technical Analysis Chart | AIS | AU000000AIS8 | MarketScreener
Technical analysis trends AERIS RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,17 AUD
Average target price 0,23 AUD
Spread / Average Target 35,3%
EPS Revisions
Managers and Directors
Willie AndrÚ Labuschagne Executive Chairman, Chief Executive Officer & MD
Robert Brainsbury Chief Financial Officer & Joint Secretary
Ian Sheppard Chief Operating Officer
W. Edward Alastair Morrison Independent Non-Executive Director
Michele Muscillo Independent Non-Executive Director
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