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AIC Mines Limited ( (AU:A1M) ) has issued an announcement.
AIC Mines reported that its Eloise copper mine delivered reliable production in the December 2025 quarter, with 3,202 tonnes of copper and 1,501 ounces of gold in concentrate produced at costs in line with guidance, generating $11.5 million in net mine cash flow despite weather-related disruptions that delayed concentrate sales and left significant ore and concentrate stockpiles on site. The company advanced key growth initiatives, including plant expansion works to lift Eloise processing capacity from 725,000 tonnes per annum to 1.1 million tonnes per annum and underground development towards the Jericho deposit, underpinned by strong drilling results at Eloise Deeps, Lens 6 and deeper parts of Jericho that point to potential resource growth, while maintaining a solid balance sheet with $44.9 million in cash and an undrawn US$40 million prepayment facility.
The most recent analyst rating on (AU:A1M) stock is a Buy with a A$0.67 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 Limited is a growth-focused Australian resources company building a portfolio of copper and gold assets through exploration, development and acquisition. Its flagship asset is the Eloise copper mine, a high-grade underground operation southeast of Cloncurry in North Queensland, supported by a pipeline of nearby copper and gold exploration projects including the Jericho deposit.
Average Trading Volume: 2,153,512
Technical Sentiment Signal: Buy
Current Market Cap: A$486.5M
Learn more about A1M stock on TipRanks’ Stock Analysis page.