Aeris Resources has delivered robust annual financial and operational results for the 2026 financial year, driven by higher copper output, disciplined cost control, and strategic acquisitions.
The company reported full-year earnings of approximately AU$285 million, a 78 per cent surge compared to the previous year.
The strong financial performance was bolstered by a 37 per cent quarterly boost in operating cash flow to AU$104 million in the fourth quarter, leaving the company with a healthy closing cash and receivables balance of AU$202 million, up AU$52 million from the third quarter.
Aeris met its production guidance for the year, delivering 42.1 thousand tonnes of group copper equivalent output. This was anchored by a strong performance at its Tritton copper operations in New South Wales, where annual copper production jumped 19 per cent year-on-year to 23.0 thousand tonnes.
Meanwhile, the Cracow operations in Queensland chipped in 40.6 thousand ounces of gold across FY26.
Beyond immediate operational gains, Aeris significantly expanded its longer-term growth footprint. The company’s updated group ore reserve expanded 50 per cent to 21 million tonnes, containing 350,000 tonnes of copper and 470,000 ounces of gold.
This growth was spearheaded by a fourfold increase in ore reserves at Tritton and the completion of its Peel Mining acquisition on July 1, which added the Mallee Bull and Wirlong deposits to the portfolio.
Aeris Executive Chairman Andre Labuschagne credited the company’s dual focus on organic exploration and targeted deal-making.
“This group mineral resource and ore reserve statement demonstrates successful implementation of Aeris’s strategy to grow through exploration and strategic M&A,” Labuschagne said.
Looking ahead to fiscal 2027, Aeris plans to progress resource definition drilling and feasibility studies across its Tritton, Cracow, Stockman, and Jaguar assets to extend mine life and unlock further value. Early works are already underway at the Constellation Project following the grant of its mining lease.
