AIC Mines Limited ( (AU:A1M) ) just unveiled an update.
AIC Mines reported its quarterly activities for the period ending March 31, 2025, highlighting production and growth developments. The Eloise copper mine produced 3,004 tonnes of copper, although sales were impacted by rain, leaving a significant amount of concentrate awaiting shipment. The company achieved substantial upgrades in ore reserves at Jericho and Eloise, with a notable increase in contained copper and gold. AIC Mines is also progressing with the expansion of the Eloise processing plant and has commenced a new drilling campaign at Jericho to enhance resource growth. The company’s financial position includes $30.9 million in cash and a notional value of $9.7 million in unsold copper concentrate.
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. The company owns the Eloise copper mine in North Queensland and is advancing several exploration projects for copper and gold.
YTD Price Performance: 33.53%
Average Trading Volume: 10,506
Technical Sentiment Signal: Buy
Current Market Cap: $132.3M
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