AIC Mines Reports Higher June Quarter Production From Queensland Mine

MT Newswires Live07-16 08:05

AIC Mines (ASX:A1M) said its Eloise copper mine in Queensland produced 13,064 tonnes of copper and 6,621 ounces of gold in concentrate in the June quarter at an all-in sustaining cost (AISC) of AU$4.99 per pound, according to a Thursday Australian bourse filing.

In the June quarter of 2025, Eloise produced 3,202 tonnes of copper and 1,612 ounces of gold in concentrate at an AISC of AU$4.58 per pound, an earlier filing showed.

Combined Eloise and Jericho production in the June quarter of 2026 was 3,106 tonnes of copper and 1,706 ounces of gold in concentrate, with Eloise achieving an AISC of AU$6.15 per pound and an all-in cost (AIC) of AU$6.49 per pound, impacted by higher diesel prices and lower copper grades, the filing added.

Eloise generated AU$63.3 million in net mine cash flow after capital investment of AU$57.2 million in fiscal 2026, providing funding support to the Jericho mine development and Eloise processing plant expansion, it added.

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