Aeris Resources (1ZN) Earnings Call Presentation

FY25 Performance & FY26 Guidance - Aeris Resources' FY25 copper production was 24.9kt, gold production was 55.2koz, and silver production was 185.2koz [20] - FY25 copper equivalent production reached 42.1kt [20, 24] - The company's FY25 cash from operations was $138 million, with cash and receivables at $49.5 million [24] - FY26 copper equivalent production is guided between 40kt and 49kt [30] - FY26 copper production is projected to be between 24kt and 29kt, gold production between 44koz and 56koz, and silver production between 240koz and 293koz [31] Financial & Operational Strategy - The company plans to repay debt by August 2026 through asset sales and potentially hedging strategies [27] - Mine operating costs for FY26 are estimated between $302 million and $369 million, with sustaining capital between $57 million and $70 million [30] - Growth capital for FY26 is projected between $65 million and $80 million, and exploration expenses between $18 million and $23 million [30] - Tritton is targeting a 37% increase in copper production in FY26, with production guided between 24kt and 29kt [33, 61, 65] - Cracow's FY26 gold production is guided between 36koz and 46koz, a 9% decrease compared to the previous year [36, 82] Exploration & Development - The company is increasing its exploration spending in FY26, with a focus on resource extensions and greenfield exploration at Tritton and Cracow [39, 94] - Approximately 80,000 meters of underground diamond drilling is planned at Tritton in FY26 [39] - A $3.1 million exploration program is planned for Jaguar in FY26, targeting 8 high-priority base metals drill targets [50]