Aic Mines (ASX: A1M) — Company Overview, News & Financial Data
AIC Mines is an Australian resources company focused on copper and gold assets, operating the high-grade Eloise Copper Mine in Queensland.
Aic Mines
Aic Mines is a growth-focused Australian resource company engaged in the exploration, development, and extraction of copper and gold assets. The company owns and operates the underground Eloise copper mine in North Queensland, producing copper concentrate with gold credits. It is actively developing the nearby Jericho copper project, situated four kilometres south of Eloise, which will feed ore into the expanded Eloise processing plant. Additionally, Aic Mines holds over 2,000 square kilometres of prospective exploration tenements in the Mt Isa and Cloncurry mining districts of Queensland.
Snapshot
Operations
Products and/or services of Aic Mines
- Underground Copper Mining: Operational underground mine located 60 kilometres southeast of Cloncurry in North Queensland, utilizing longhole open stoping and sublevel caving to extract copper-gold ore, producing approximately 12,500 tonnes of copper annually.
- Centralized Mineral Processing: On-site processing plant in North Queensland that treats run-of-mine ore through crushing, grinding, and flotation circuits to produce high-grade copper concentrate containing valuable gold credits for commercial export.
- Near-Mine Copper Development: Underground development project situated four kilometres south of primary processing infrastructure, accessed via underground decline to deliver additional high-grade ore and expand annual processing capacity above 20,000 tonnes of copper.
- Regional Mineral Exploration: District-scale exploration program across 2,000 square kilometres of prospective tenements in the Mount Isa region, targeting iron-sulphide-copper-gold mineralized systems to extend operational mine life and identify new resources.
- Copper Concentrate Commercialization: Production and marketing of physical copper concentrate extracted from North Queensland mining operations, serving as the primary commercial revenue generator through supply contracts with industrial smelters and commodity trading partners.
- Precious Metal Byproduct Sales: Secondary recovery and commercial delivery of byproduct gold recovered during copper mineral processing, generating supplementary revenue streams that offset operational expenses and lower net cash costs per pound of copper produced.
Aic Mines executive team
- Aaron Mark ColleranMD, CEO & Director
- John CallagherChief Financial Officer
- Tim BenfieldChief Operating Officer
- Audrey FergusonCompany Secretary
Latest news about Aic Mines
AIC Mines buys Mt Cuthbert Project for $120M
AustraliaAIC Mines hits gold near Queensland copper mine
AustraliaCooper Metals completes acquisition issuing 15 million shares
AustraliaAIC Mines targets 27,000 tonnes copper production by FY29
AustraliaAIC Mines mobilises for 2026 Eloise exploration campaign
Australia
Recent announcements
What Aic Mines (A1M) has told the market, newest first.
- Notice of Extraordinary General Meeting and Proxy Form
- Initial Director's Interest Notice - C Donkin
- Final Director's Interest Notice - J El-Raghy
- High-Grade Drilling Results Returned From Jolly ShootPrice sensitive
- Becoming a substantial holder
Dividend history
Dividends per share paid by Aic Mines, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2019 | — | — | A$1.1589 | A$1.1589 |
| FY2017 | — | — | A$0.0700 | A$0.0700 |
| FY2014 | — | — | — | A$5.4851 |
Key financials
Reported results for Aic Mines, in AUD.
- Market cap
- 487.7M
- Revenue (TTM)
- 245.2M
- P/E ratio
- 12.2
- EPS (diluted, TTM)
- 0.1
- Dividend yield
- —
- Profit margin
- 16.9%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 245.2M | 61.7M | 41.5M | |
| 189.6M | 15.9M | 15M | |
| 182.5M | 14.1M | 7.7M | |
| 125.6M | -5.3M | -5.8M |