Mar 02, 2023 / 06:30PM GMT
AndréLabuschagne - Aeris Resources Ltd. - Executive Chairman
Thank you, everyone, for joining this presentation. I guess just to kick off, I'll take a step back in the last 10 years. As a management team, we've been involved now with this company for 10 years. When we joined it, it had USD140 million in debt, two loss-making mines, and we were tasked to see how we can manage the business to where it is today.
It took us about eight years to resolve debt, to walk away from our operating gold mine in Indonesia. But in the last 2.5 years, we've taken the business from a $10 million market cap business, producing about 40 million pounds of copper or 20,000 tonnes of copper, to today, four operating mines are producing about 140 million pounds of copper, or 65,000 tonnes. So it's been an interesting journey for us.
So as we are today, we got four operating mines. So we got the Tritton copper mine in New South Wales. Two-and-a-half years ago, we bought the Cracow gold mine from Evolution. And the company really went from $10 million market cap to around $300 million within a
Aeris Resources Ltd at Red Cloud Securities Pre-PDAC Mining Showcase Transcript
Mar 03, 2023
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