Aeris Resources Limited (ASX: AIS), an established Australian copper-gold producer and explorer, has provided a comprehensive update on its FY23 production guidance. At Tritton, the company successfully met its revised copper production guidance of 17,205 tons for FY23, with strong contributions from the newly commissioned Avoca Tank mine and higher-grade stopes at the Tritton mine in the June quarter.
Cracow achieved its FY23 gold production target of 48,220 ounces, while construction of the tailings dam lift commenced to extend tailings capacity. Mining activities at Mt Colin in North Queensland aligned with plans, but the processing run at the Ernest Henry processing plant was deferred until July. Jaguar faced production challenges due to mining-induced seismic events, impacting access to higher-grade stopes. Despite this, Jaguar's copper production met guidance, while zinc production fell slightly below the target range.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
