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AIC Mines Limited
(Sydney:A1M)
AIC Mines Limited (A1M) vs. iShares MSCI Australia ETF (EWA)
AIC Mines Limited Business Overview & Revenue Model
AIC Mines Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 182.70M | 182.47M | 125.60M | 0.00 | 0.00 | 0.00 | Gross Profit |
| 75.24M | 70.20M | 37.11M | -35.00K | -84.00K | 0.00 | EBIT |
| 53.15M | 14.14M | -6.08M | -5.95M | 1.41M | -1.94M | EBITDA |
| 53.18M | 53.09M | 23.48M | -5.92M | 1.49M | -1.94M | Net Income Common Stockholders |
| 13.56M | 7.69M | -5.82M | -6.80M | -13.43M | -2.57M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 68.12M | 87.60M | 37.75M | 29.26M | 9.93M | 13.04M | Total Assets |
| 302.54M | 266.79M | 194.70M | 94.37M | 11.91M | 18.23M | Total Debt |
| 27.71M | 6.99M | 2.83M | 0.00 | 0.00 | 0.00 | Net Debt |
| -16.97M | -67.35M | -28.06M | -29.26M | -5.42M | -13.04M | Total Liabilities |
| 73.38M | 47.67M | 40.41M | 25.18M | 826.00K | 597.00K | Stockholders Equity |
| 229.17M | 219.11M | 154.29M | 69.19M | 11.08M | 17.63M |
| Cash Flow | Free Cash Flow | ||||
| -42.65M | -13.63M | -36.83M | -21.15M | -2.47M | -2.16M | Operating Cash Flow |
| 45.15M | 51.93M | 22.85M | -5.41M | -2.31M | -2.16M | Investing Cash Flow |
| -84.32M | -66.35M | -50.95M | -12.72M | 2.48M | -1.07M | Financing Cash Flow |
| 57.20M | 57.88M | 30.89M | 31.02M | -31.00K | -3.82M |
AIC Mines Limited Technical Analysis
AIC Mines Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $187.10M | 12.89 | 7.17% | ― | 14.81% | 631.43% | |
51 Neutral | $2.02B | -1.12 | -21.36% | 3.65% | 2.87% | -30.54% | |
| $95.20M | ― | -15.12% | ― | ― | ― | ||
| $117.71M | ― | ― | ― | ― | |||
54 Neutral | AU$144.96M | ― | -24.51% | ― | -100.00% | 42.77% | |
32 Underperform | AU$209.68M | ― | -38.25% | ― | ― | 20.80% | |
| AU$158.91M | 1.84 | 45.15% | ― | ― | ― |
AIC Mines Limited Corporate Events
AIC Mines has appointed KPMG as its new external auditor following the resignation of PricewaterhouseCoopers, with the change approved by the Australian Securities and Investments Commission. This decision comes after a review of the company’s audit arrangements, with KPMG chosen for its industry expertise and competitive fees, and the appointment will be ratified at the company’s 2025 Annual General Meeting.
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.
AIC Mines Limited has released a presentation for the Northwest Queensland Copper Conference, providing an update on its activities and exploration results. The company emphasizes that the information is subject to change and disclaims any liability for inaccuracies. The presentation does not constitute an offer for securities and includes forward-looking statements that are subject to risks and uncertainties, potentially impacting the company’s future performance and growth.
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.
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.
AIC Mines Limited, listed on the ASX under the ticker A1M, has announced its intention to release its Quarterly Activities Report for the period ending 31 March 2025. The report will be lodged with the ASX before the market opens on 29 April 2025. The company will also host a conference call on the same day, led by Managing Director and CEO Aaron Colleran, to discuss the quarterly results. This announcement indicates AIC Mines’ commitment to transparency and stakeholder engagement, providing insights into its operational performance and strategic direction.
AIC Mines Limited has announced a significant increase in Ore Reserves at its Jericho and Eloise deposits, with Jericho’s reserves increasing by 77% in copper and 92% in gold, and Eloise’s reserves increasing by 12% in copper and 20% in gold. This robust reserve position supports the expansion of the Eloise processing plant, expected to produce approximately 20,000 tonnes of copper annually from FY27, enhancing the company’s operational capabilities and market positioning.
AIC Mines announced a transition in its Chief Financial Officer position following the resignation of Michael Frame, who will stay until July 2025 to ensure a smooth transition. John Callagher, with extensive financial experience, will take over as CFO in May 2025, joining the company at a pivotal time as it expands the Eloise processing plant, enhancing its status as a cornerstone asset.
AIC Mines has commenced diamond drilling at the Jericho Copper Deposit within the Eloise Regional Project in Queensland, planning approximately 9,000 meters of diamond drilling and 2,700 meters of Reverse Circulation drilling. The drilling aims to expand resources and upgrade Inferred Resources to Indicated category, potentially providing additional mining fronts early in the Jericho mine schedule. The Jericho discovery is significant for the company, extending the deposit’s strike by over 2 kilometers and increasing resources by 95% since acquisition. This success supports the vision of Eloise operating as a regional processing hub well into the next decade, with further exploration potentially extending its life and production.
AIC Mines Limited has released a presentation for the Mining Conference held on March 19-20, 2025. The presentation provides a summary of the company’s activities and is intended for informational purposes only. It includes disclaimers regarding the accuracy and completeness of the information and highlights the potential risks and uncertainties associated with forward-looking statements. The company emphasizes that no new information or data materially affects its previously announced exploration results.
AIC Mines Limited has announced a significant increase in its Mineral Resource estimates for its Eloise, Jericho, and Eloise Regional projects, following successful exploration and resource definition drilling in 2024. The Jericho project, in particular, saw a 33% increase in contained copper and a 39% increase in contained gold, with the Indicated Resource increasing by 54% in copper and 68% in gold. This expansion supports the potential for a material uplift in Ore Reserves and extends the life of the Eloise processing hub, enhancing AIC Mines’ position in the regional copper and gold market.
AIC Mines Limited has announced the issuance of 562,647 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize and retain talent, potentially impacting its operational efficiency and market positioning positively.