AIC Mines Bull Surprised by Capex Growth -- Market Talk

Dow Jones
2025/07/29

1846 ET - - Ord Minnett trims its price target on AIC Mines 6%, citing higher capex in FY 2026 than forecast. AIC Mines is at the start of a capital-intensive 18 months with growth in its capex forecast some 39% higher than Ord Minnett expected. The aim is to deliver a step change in production. AIC Mines hopes to lift annual copper output by around 7,000 tons by FY 2028. Ord Minnett retains a speculative buy call on AIC Mines, but lowers its price target to A$0.45/share. "We continue to see valuation appeal (0.9x price-to-net asset value) for investors with an appropriate time horizon (+1 year) or are more positive on the commodity in the near term," analyst Paul Kaner says. AIC Mines ended Monday at A$0.325. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

July 28, 2025 18:46 ET (22:46 GMT)

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