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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 |
| EBITDA | 53.18M | 53.09M | 23.48M | -5.92M | -9.90M | -1.94M |
| Net Income | 13.56M | 7.69M | -5.82M | -6.84M | -8.16M | -2.57M |
Balance Sheet | ||||||
| Total Assets | 302.54M | 266.79M | 194.70M | 94.37M | 11.91M | 18.23M |
| Cash, Cash Equivalents and Short-Term Investments | 68.12M | 87.60M | 37.75M | 29.26M | 9.93M | 13.04M |
| Total Debt | 27.71M | 6.99M | 2.83M | 0.00 | 0.00 | 0.00 |
| 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 |
|---|---|---|---|---|---|---|---|
57 Neutral | $184.22M | 12.50 | 7.17% | ― | 14.81% | 631.43% | |
44 Neutral | C$953.01M | -6.70 | -13.31% | 2.79% | 17.55% | -32.28% | |
| $141.47M | ― | -15.12% | ― | ― | ― | ||
| $118.98M | ― | ― | ― | ― | |||
47 Neutral | AU$129.70M | ― | -24.51% | ― | -100.00% | 42.77% | |
32 Underperform | AU$263.24M | ― | -38.25% | ― | ― | 20.80% | |
| AU$173.50M | 1.54 | 45.15% | ― | ― | ― |
AIC Mines Limited Corporate Events
AIC Mines Limited has announced the application for quotation of 142,800,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), with an issue date set for June 30, 2025. This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market presence, potentially impacting its operational capabilities and stakeholder interests positively.
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 announced a proposed issue of 183,333,334 fully paid ordinary securities, scheduled for June 30, 2025. This move is part of a placement or other type of issue, indicating a strategic effort to raise capital, potentially impacting the company’s market position and offering new opportunities for stakeholders.
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 successfully secured $55 million through a placement of new shares to institutional and sophisticated investors, aimed at funding the expansion of the Eloise processing plant and the development of the new Jericho copper mine. The placement, supported by major shareholders and new investors from Australia, North America, and Britain, also includes a strategic investor agreement with Hawke’s Point, which reduces future funding risks and provides a structure for potential financial support. Additionally, a Share Purchase Plan will be offered to eligible shareholders in Australia and New Zealand to raise up to $10 million.
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 announced a conference call to discuss recent funding and project development milestones, indicating a strategic move to bolster its operations. This development is crucial for stakeholders as it highlights the company’s efforts to secure financial resources and advance its projects, potentially impacting its market positioning and future 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 Limited has announced a proposed issue of 33,333,333 ordinary fully paid securities under a securities purchase plan. This move is part of their strategy to raise capital, which could impact their operational capabilities and market positioning, potentially offering new opportunities for stakeholders.
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 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.
AIC Mines Limited has requested a trading halt on its securities pending the announcement of an institutional placement. This move is intended to facilitate the placement process in an orderly manner, with the halt expected to last until the outcome of the placement is announced or normal trading resumes on June 24, 2025. The trading halt is a strategic step by AIC Mines to manage the placement effectively, potentially impacting its financial operations and market positioning.
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 has secured a US$40 million prepayment facility linked to an offtake agreement with Trafigura Asia Trading to fund the expansion of the Eloise processing facility. This agreement, which includes the delivery of copper concentrate from the Jericho Mine, strengthens AIC Mines’ relationship with Trafigura and supports the company’s strategic growth in the copper market.
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 has announced promising new drilling results from the Jericho copper deposit in North Queensland, highlighting high-grade mineralization at depth, which extends beyond current inferred resources. These results underscore the potential of the Jericho deposit and the effectiveness of AIC Mines’ exploration team in understanding mineralization controls, potentially enhancing the company’s resource base and strengthening its position in the copper industry.
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 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.