June Quarterly Report
| Stock | Aic Mines Ltd (A1M.ASX) |
|---|---|
| Release Time | 16 Jul 2026, 8:38 a.m. |
| Price Sensitive | Yes |
AIC Mines Ltd June Quarterly Report Highlights
- Eloise produced 13,064t of copper and 6,621oz of gold in concentrate at an AISC of $4.99/lb Cu sold.
- Eloise and Jericho produced 3,106t of copper and 1,706oz of gold in concentrate.
- Eloise generated $63.3 million in net mine cash flow after capital investment of $57.2 million.
AIC Mines Ltd's June Quarterly Report highlights solid quarterly production and strong cash flow. Eloise produced 13,064t of copper and 6,621oz of gold in concentrate at an AISC of $4.99/lb Cu sold and an AIC of $5.32/lb Cu sold for FY26. Eloise and Jericho produced 3,106t of copper and 1,706oz of gold in concentrate, impacted by higher diesel prices and lower copper grades. Eloise generated $63.3 million in net mine cash flow after capital investment of $57.2 million in FY26. Good progress at Eloise processing plant expansion with the new ball mill installed, on schedule for the December 2026 Quarter. Jericho ore processing trials produced on-spec concentrate, providing confidence in the metallurgical assumptions and commissioning schedule. Further confirmation of high-grade copper and gold results at Jolly augur well for a successful commencement to mining at Jericho.
FY26 production guidance: 13,064t copper, 6,621oz gold; FY27 production guidance: 3,150-3,350t copper, 1,500oz gold.
FY27 production, operating and capital cost guidance, as well as FY28 and FY29 production outlook for the combined Eloise and Jericho copper mines is due to be released on Monday 20 July 2026. Commissioning of the expanded 1.1Mtpa plant remains on schedule for the December 2026 Quarter.