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Aeris Resources locks in higher copper prices with hedging for Tritton production

Proactiveinvestors - Aeris Resources Ltd (ASX:AIS) has locked in higher copper pricing by entering unsecured A$ copper hedges with Macquarie Bank Limited for 9,000 tonnes at a forward price of A$9,096.80 per tonne from its Tritton Copper Operations in NSW.

The hedges will mature over the next six months in scheduled monthly deliveries of 1,500 tonnes.

Aeris executive chairman Andre Labuschagne said: “With the current copper price significantly above our budgeted pricing for the first half of FY2021, we have taken the opportunity to hedge 75% of our copper production over the next six months.

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