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Aeris Resources looking to grow its flagship gold and copper mines after strong first half

Aeris Resources Ltd's (ASX:AIS) Andre Labuschagne speaks to Proactive's Andrew Scott soon after recording a 260% year-on-year rise in net profit for the half-year ended December 31, 2020. In the six month period, revenue rose by 99% from the previous corresponding period to $214.5 million while gross profit surged by 1,204% to $60.6 million. Labuschagne says that since the start of July last year they've completed the acquisition of Cracow, discovered the Constellation deposit and significantly improved their balance sheet.

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Price: 0.11 AUD

ASX:AIS
Market: ASX
Market Cap: $211.14 m
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Aeris Resources chairman discusses 'transformational' acquisition of Cracow...

Aeris Resources Ltd's (ASX:AIS) executive chairman Andre Labuschagne speaks to Proactive's Andrew Scott after entering into a binding agreement with Evolution Mining Ltd (ASX:EVN) to acquire the Cracow Gold Mine in Queensland. Aeris has agreed to pay Evolution $60 million in cash upon closing...

on 8/6/20

2 min read