2343 GMT - The current quarter is a big opportunity for Aeris Resources now that its refinancing is squared away, according to Bell Potter. Analyst David Coates says it's positive that no copper or gold hedging was required by its new loan facility with Washington H. Soul Pattinson. "However, we also estimate that an increase in debt service costs of A$4 million-A$5 million per annum will partially offset the cash release and delayed repayment schedule," Bell Potter says. It sees the current quarter as a chance for Aeris to lift production materially "This would contribute to debt reduction by end 2025 and demonstrate the latent production capacity at Tritton--both key positive catalysts, in our view," Bell Potter says, referring to its copper mine. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 08, 2025 19:43 ET (23:43 GMT)
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