AIC Mines
Minerals & Mining · Australia · 201-500 Employees
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Overview
Headquarters
130 Hay St Ste 3, Subiaco, Western Austr...Phone Number
+61 862690110Website
www.aicmines.com.auRevenue
$114.8 MillionStock Symbol
AIMIndustry
ZI Rank: 7
Signal Type
Feb
Mar
Apr
May
Jun
Jul
ZI Rank
9
4
4
4
5
7
About AIC Mines
AIC Mines is an Australian resources company focused on the production and exploration of copper and gold assets. The company operates the Eloise copper mine in North Queensland, which has been in production since 1996 and produces approximately 12,500 tons of copper and 5,000 ounces of gold annually. AIC Mines aims to expand its operations by developing the nearby Jericho deposit and increasing the processing capacity of the Eloise plant. The company's strategy includes acquiring and developing a portfolio of high-quality mining assets to deliver growth and returns to shareholders.Explore more
AIC Mines Org Chart
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Company Profile Activity
Activity Insights
AIC Mines is experiencing very low activity levels compared to other companies in the Minerals & Mining sector.
What does this means?
AIC Mines is drawing exceptional interest within the Minerals & Mining industry, suggesting notable developments or strong market momentum, learn more about AIC Mines.
AIC Mines Tech Stack
A closer look at the technologies used by AIC Mines
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Most Recent Scoops
Pain Point
experienced softer-than-forecast production at Eloise due to a slower ramp-up in the Z405 sub-level cave, primarily caused by high rock temperatures that impeded development rates and the ability to pre-charge holes. The issue has since been resolved, with development rates having returned to normal levels.
Pain Point
Project
AIC Mines has reported that the Eloise plant expansion project remains on schedule for December quarter commissioning and on budget, with EPC procurement near complete and all major equipment on-site, noting that minor construction delays due to later-than-planned delivery of conveyor structures and the ore surge bin are not expected to impact the critical path or commissioning timeline.
Construction, Logistics / Supply Chain, Finance, Sourcing / Procurement
Project
AIC Mines has achieved a significant operational milestone with the first copper concentrate from the Jericho project processed and sold during the quarter, totaling 199 tonnes, approximately three and a half years after acquiring the exploration project in January 2023. Blended and single-feed trials of Jericho ore conducted in April delivered strong results, providing further confidence in the metallurgical assumptions for the expanded plant, with Jericho ore now being routinely blended with Eloise ore and producing on-specification concentrate from the outset.
Product Launch
Earnings
AIC Mines has reported Eloise mine operating costs of AUD 32.4 million for Q4, above prior quarters, largely due to elevated diesel prices during the period, with direct diesel costs approximately 50% to 60% above the run rates experienced in the first three quarters, though diesel prices have since moderated.
Business Finance, Finance
Earnings
Earnings, Finance
AIC Mines News & Media
How AIC Mines Ltd is Expanding Through Strategic Australian Gold Discoveries
AIC Mines expands portfolio by acquiring MMG's Golden Grove copper-zinc mine for $300 million in strategic agreement.AIC Mines Limited's (ASX:A1M) top owners are retail investors with 52% stake, while 31% is held by private companies
Key Insights Significant control over AIC Mines by retail investors implies that the general public has more power to...A Look At The Fair Value Of AIC Mines Limited (ASX:A1M)
Key Insights Using the Dividend Discount Model, AIC Mines fair value estimate is AU$0.58 With AU$0.55 share price, AIC...AIC Mines (ASX:A1M) shareholder returns have been notable, earning 64% in 3 years
By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at...
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Frequently Asked Questions Regarding AIC Mines
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AIC Mines is an Australian resources company focused on the production and exploration of copper and gold assets. The company operates the Eloise copper mine in North Queensland, which has been in production since 1996 and produces approximately 12,500 tons of copper and 5,000 ounces of gold annually. AIC Mines aims to expand its operations by deve... Read More
