Australia's Aeris Resources rises on copper production outlook

Aeris Resources

13/04/2022 02:32

** Shares of Aeris Resources  AIS.AX  rise as much as 7.1%
to A$0.15, their best intraday session since March 31 
    ** Co sets copper production target from its Tritton copper
operations at between 30 kilotonnes (kt) to 33 kt for FY25
 urn:newsml:reuters.com:*:nASX1PqNgY 
    ** Sets 21 kt to 23 kt target for FY23, 22 kt to 23 kt
target for FY24 from the project 
    ** Reaffirms FY22 production outlook of 18.5 kt to 19.5 kt
of copper 
    ** On course to meet FY22 production outlook following
changes to operating strategy made in January, says Aeris'
executive chairman Andre Labuschagne
    ** Stock hits highest level since April 6 
    ** Aeris stock down 15.2% YTD, as of last close 

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))