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AIC Mines Limited (ASX:A1M)

ALERT: Price-sensitive ASX Announcement for A1M
Current share price for A1M : $0.755 -0.06 (-7.36%)+
Announcement
Release
16 Jul 2026 8:38AM
Price at Release
$0.815
Full Release
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Summary
AIC Mines Limited reported a successful June 2026 quarter, completing FY26 with 13,064 tonnes of copper produced and achieving guidance for the third year. Eloise and Jericho mines produced 3,106 tonnes of copper for the quarter, with an AIC of $5.32/lb and AISC of $4.99/lb. The Eloise processing plant expansion is on track, with key installations like the new ball mill completed. Despite cost challenges from volatile diesel prices, the company maintained strong cash flow, ending the quarter with $41.7 million in cash. Exploration activities continued effectively at Eloise South and the Iris prospects.
Key Points
  • AIC Mines Limited confirmed strong FY26 performance with 13,064 tonnes of copper produced.
  • Eloise and Jericho mines combined copper production amounted to 3,106 tonnes for the quarter.
  • AIC of $5.32 per pound copper sold and AISC of $4.99 per pound copper sold for FY26.
  • Diesel price volatility increased production costs during the quarter.
  • Eloise processing plant expansion progressing with new ball mill installed.
  • Quarterly cash flow resulted in $41.7 million cash at bank.
  • Jericho mine development on schedule with key infrastructure upgrades.
  • Exploration efforts included drilling at Eloise South and Iris prospects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.