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AIC Mines Limited ( (AU:A1M) ) has shared an announcement.
AIC Mines reported strong production and cash flow from its Eloise copper mine, achieving its full-year production guidance with 12,863 tonnes of copper and 5,955 ounces of gold produced. The company is expanding its Eloise processing plant and progressing the Jericho deposit development, with significant financing secured for these projects. Exploration results at Jericho exceeded expectations, indicating potential for enhanced mine development and production ramp-up. AIC Mines is also actively engaged in safety and environmental initiatives, as well as community support activities.
The most recent analyst rating on (AU:A1M) stock is a Buy with a A$0.62 price target. To see the full list of analyst forecasts on AIC Mines Limited stock, see the AU:A1M Stock Forecast page.
More about AIC Mines Limited
AIC Mines is an Australian resources company focused on growth through the exploration, development, and acquisition of copper and gold assets within Australia. The company owns the Eloise copper mine, a high-grade underground operation in North Queensland, and is advancing a portfolio of exploration projects for copper and gold.
YTD Price Performance: -5.88%
Average Trading Volume: 1,637,543
Technical Sentiment Signal: Sell
Current Market Cap: A$229.9M
For an in-depth examination of A1M stock, go to TipRanks’ Overview page.