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The latest update is out from Aeris Resources Limited ( (AU:AIS) ).
Aeris Resources Limited has successfully completed the drawdown of a $60 million Guarantee Facility with Washington H. Soul Pattinson, releasing approximately $10 million of restricted cash. This financial restructuring, which involves the assignment of facilities to Soul Patts Asset Management, maintains existing commercial terms and complies with ASX waivers, potentially strengthening Aeris’s financial flexibility and operational capacity.
The most recent analyst rating on (AU:AIS) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Aeris Resources Limited stock, see the AU:AIS Stock Forecast page.
More about Aeris Resources Limited
Aeris Resources is a mid-tier base and precious metals producer with a copper-dominant portfolio that includes two operating assets, a mine on care and maintenance, a long-life development project, and a highly prospective exploration portfolio. The company is focused on organic growth projects, strategic mergers and acquisitions, and building strong partnerships with stakeholders.
Average Trading Volume: 1,321,469
Technical Sentiment Signal: Sell
Current Market Cap: A$174.3M
For an in-depth examination of AIS stock, go to TipRanks’ Overview page.