AIC Mines Limited
0.48
EUR
0.00
(0.00%)
AIC Mines Limited
GETTEX:HLS
(Gettex)
Recent
price
0.48
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ratio
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div
yld
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ROIC.AI
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- AIC Mines Limited (ASX: A1M), formerly Intrepid Mines Limited, is an Australian copper-gold producer and explorer focused on the development and operation of high-grade underground mines and exploration for copper, gold, silver and zinc deposits. The company owns and operates the Eloise Copper Mine located southeast of Cloncurry in North Queensland, which produces high-quality copper concentrate with significant gold and silver by-products via on-site crushing, grinding and sulphide flotation; it also owns the adjacent Jericho Copper Deposit and advances regional exploration projects including the Marymia project in Western Australia near the Plutonic Gold Mine and DeGrussa Copper Mine, and the Lamil exploration joint venture in the Paterson Province near the Telfer Gold-Copper Mine. AIC Mines targets institutional investors and shareholders primarily in Australia and New Zealand, with operations centered in Queensland and Western Australia; founded in 1993, the company is headquartered in Subiaco, Western Australia. Recent developments include the commencement of Jericho deposit development in June 2024 through a 3-kilometre underground link drive to the Eloise decline, alongside expansion of the Eloise processing plant from 725,000 tonnes per annum to 1.1 million tonnes per annum to accommodate additional ore; in FY24, Eloise achieved record production of 13,412 tonnes of copper in concentrate at an all-in sustaining cost of A$5.15 per pound, reflecting a 27% production increase and 8% cost reduction year-over-year. In June 2025, AIC Mines completed a A$55 million institutional placement at A$0.30 per share, supported by existing major shareholders and new investors from Australia, North America and Britain, followed by a share purchase plan to raise up to A$10 million; proceeds fund the Eloise plant expansion, Jericho mine development and exploration drilling, with key contracts awarded including for the plant upgrade.
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