Aeris Resources cashes in on gold boom
Aeris Resources continues to extract value from the aging Cracow gold operations in Central Queensland.
In its quarterly report to the ASX, Aeris noted production of 12.2koz at a cost of $2488/oz.
The gold price in Australian dollars was $4190.70 on the last day of December. It’s risen by five per cent since.
This resulted in the mine creating ‘free cash flow significantly above budget at current gold prices,’ the company told the ASX.
The company remained on track to achieve the upper end of the production guidance. . .
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