Financial Wire

AIC Mines Posts Higher March Quarter Copper Production From Queensland Mine, Achieves Guidance; Shares Up 6%

-- AIC Mines (ASX:A1M) said copper production rose to 3,432 tonnes in the March quarter at its Eloise Mine in Queensland from 3,004 tonnes a year ago, with 1,692 ounces of gold in concentrate, achieving guidance, according to a Thursday Australian bourse filing.

The company said Eloise generated AU$27.7 million in net mine cash flow after a capital investment of AU$14.5 million despite weather-related disruptions to concentrate sales, with the mine remaining on track to achieve fiscal 2026 production and cost guidance.

Commissioning of the expanded 1.1 million tonne per annum Eloise processing plant remains on schedule for the December quarter, the filing added.

The company said it held AU$31.1 million in cash as of March 31, up from AU$30.9 million as of March 2025.

The company's shares rose past 6% in recent Thursday trade.

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