AIC Mines Posts Lower September Quarter Copper, Gold Output

MT Newswires Live10-22 11:42

AIC Mines (ASX:A1M) said Eloise and Jericho produced 3,072 tonnes of copper and 1,562 ounces of gold in concentrate in the September quarter, according to a Thursday Australian bourse filing.

The company said Eloise achieved an all-in sustaining cost (AISC) of AU$4.86 per pound of copper sold, and an all-in cost of AU$5.01 per pound.

A year earlier, Eloise produced 3,324 tonnes of copper and 1,722 ounces of gold in concentrate at an AISC of AU$4.97 per pound, and an all-in cost of AU$5.29 per pound, a previous filing showed.

Eloise generated record quarterly net mine cash flow of AU$33.4 million after capital investment of AU$7.9 million, driven by higher copper sales and a strong metal price environment, the filing said.

Copper sales of 3,244 tonnes and by-product gold and silver sales in the September 2025 quarter generated operating cash flow of AU$27.1 million and net mine cash flow of AU$11.8 million after Eloise capital expenditure, an earlier filing showed.

The company held AU$37.2 million in cash at bank at Sept. 30, compared with AU$41.7 million at June 30.

AIC Mines maintained its full-year guidance of 17,500 to 18,500 tonnes of copper and 7,250 to 7,750 ounces of gold in concentrate, at an AISC of AU$4.80 to AU$5.20 per pound and an all-in cost of AU$5.20 to AU$5.60 per pound, the filing added.

The company's shares rose about 1% in recent Thursday trade.

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