The Aeris Resources Ltd (ASX: AIS) share price is in focus today after the company released its FY27 production and cost guidance, flagging steady copper and gold output, alongside a significant lift in growth capital spending.
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What did Aeris Resources report?
- FY27 copper production guidance: 22–27 kt (FY26: 23 kt)
- FY27 gold production guidance: 42–51 koz (FY26: 49 koz)
- FY27 mine operating costs: $320–390 million (FY26: $332 million)
- FY27 growth and project capital: $170–210 million (FY26: $102 million)
- FY27 exploration spend: $29–35 million (FY26: $17 million)
What else do investors need to know?
Aeris is expecting broadly similar group production in FY27 compared to last year. However, the company is investing heavily in the next phase of growth, with much higher capital allocated to construction and waste stripping at its Constellation project in NSW.
At its two main sites, Tritton (copper) and Cracow (gold), Aeris anticipates lower grades early in the year, with higher-grade ore from Constellation set to boost production in the second half. Exploration spend will also rise meaningfully, reflecting plans for aggressive drilling and resource growth across both assets.
What's next for Aeris Resources?
Looking ahead, Aeris is ramping up its investment in exploration and project development, aiming to unlock additional resources and extend mine life. A strong focus remains on resource definition, especially at Tritton and Cracow, to support future production and value.
The company will also continue to investigate strategic merger and acquisition opportunities to grow and diversify its portfolio. Investors can expect further updates as major capital projects progress throughout FY27.
Aeris Resources share price snapshot
Over the past 12 months, Aeris Resources shares have risen 108%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 2% over the same period.
