AIC Mines Achieves Production, Cost Guidance in December Quarter, Shares Down 3%

MT Newswires Live
Jan 29

AIC Mines (ASX:A1M) said its Eloise operations produced 3,202 tonnes of copper and 1,501 ounces of gold in concentrate in the December 2025 quarter at an all-in-sustaining-cost of AU$4.87 per pound and an all-in-cost of AU$5.22 per pound, achieving production and cost guidance, according to a Thursday Australian bourse filing.

Eloise generated AU$11.5 million in net mine cash flow during the quarter, after capital investment of AU$14.1 million, the filing added.

The company said that at Dec. 31, 2025, AIC Mines held AU$44.9 million in cash at the bank, compared with AU$67.8 million in the previous quarter.

Eloise ended the quarter with a concentrate stockpile containing 464 tonnes of copper, with a notional value of about AU$8.7 million at the Dec. 31, 2025 spot copper price of AU$18,682 per tonne.

The company added that a $40 million prepayment facility was undrawn at the end of the quarter but expected to be fully drawn during the second half of fiscal 2026.

The company's shares fell 3% in recent Thursday trade.

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