Aeris Resources Secures $60 Million Refinancing Deal

Aeris Resources Limited ( (AU:AIS) ) has provided an announcement.

Aeris Resources Limited has executed a Facility Agreement with Washington H. Soul Pattinson for a $60 million Guarantee Facility aimed at providing long-term environmental bonding, replacing its current ANZ facility. Additionally, the term of an existing $50 million Term Facility has been extended to August 2026. This refinancing move is expected to strengthen Aeris’s financial position, enhance its operational flexibility, and potentially improve its market standing by securing first-ranking security for both facilities.

The most recent analyst rating on (AU:AIS) stock is a Buy with a A$0.35 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 producer in the base and precious metals industry, with a copper-dominant portfolio that includes two operating assets, a mine on care and maintenance, a long-life development project, and a promising exploration portfolio. The company is focused on organic growth, exploration, and strategic mergers and acquisitions, supported by a skilled board and management team.

Average Trading Volume: 1,652,478

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$159.8M

See more insights into AIS stock on TipRanks’ Stock Analysis page.