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Home / Copper / Aeris Resources makes further early debt repayments

Aeris Resources

  • ASX: AIS
    • Cu
    • Au

Aeris Resources makes further early debt repayments

  • 10 December

Established Australian copper and gold producer and explorer Aeris Resources (ASX: AIS) today announced that the second quarterly repayment of A$7.5 million under its Acquisition Bridging Facility (Tranche C) has been paid today, three weeks ahead of its scheduled date. Additionally, US$2.0 million has been voluntarily repaid off the US$ Tranche B Facility.


HIGHLIGHTS: 

  • Cashflows from Cracow and Tritton enable early debt repayments.

  • Second A$7.5m quarterly payment on A$30 million Acquisition Bridging Facility paid 3 weeks early (due 1 January 2021).

  • Voluntary US$2 million repayment off Tranche B Facility.

Aeris’ Executive Chairman, Andre Labuschagne, said: “With both Cracow and Tritton performing to expectations and healthy copper and gold prices, we have taken the opportunity to further reduce our debt position, ahead of the scheduled payment dates.”

View full announcement

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