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AIC Mines Limited ( (AU:A1M) ) has provided an announcement.
AIC Mines has awarded an engineering, procurement, and construction contract to GR Engineering Services for the expansion of the Eloise processing facility to a 1.1 million tonnes per annum throughput capacity, with a fixed cost of $77.6 million. This expansion is designed to minimize disruption to current operations and is expected to be ready for commissioning by December 2026, aligning with the ramp-up in production at the Jericho deposit. The expansion is anticipated to significantly enhance AIC Mines’ production capacity, positioning the company for increased output and strengthening its market position.
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 a growth-focused Australian resources company with a strategy to build a portfolio of gold and copper assets in Australia through exploration, development, and acquisition. The company owns the Eloise copper mine, a high-grade underground mine in North Queensland, and is advancing exploration projects for copper and gold.
Average Trading Volume: 1,672,589
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$201.5M
For an in-depth examination of A1M stock, go to TipRanks’ Overview page.