AIC Mines Delivers 12,863t Copper and 5,955oz Gold, Surpassing FY25 Guidance
AIC Mines has exceeded its FY25 production guidance at the Eloise Copper Mine, delivering 12,863 tonnes of copper and 5,955 ounces of gold in concentrate, surpassing its targets. This marks the second consecutive year and eighth straight quarter of meeting or beating production goals.
- Eloise Mine exceeds FY25 copper and gold production targets
- 12,863 tonnes of copper and 5,955 ounces of gold produced
- Second consecutive year and eighth quarter in a row hitting guidance
- Operational improvements and capital investments credited for success
- Plans underway to expand production via Jericho deposit and plant upgrades
Consistent Outperformance at Eloise
AIC Mines Limited (ASX, A1M) has announced that its Eloise Copper Mine in North Queensland has once again exceeded production expectations for the fiscal year 2025. The mine produced 12,863 tonnes of copper and 5,955 ounces of gold in concentrate, surpassing the company’s guidance of 12,500 tonnes of copper and 5,000 ounces of gold. This achievement marks the second consecutive year and the eighth consecutive quarter that Eloise has met or exceeded its production targets, underscoring operational consistency and reliability.
Driving Operational Excellence
Since acquiring the Eloise Mine in November 2021, AIC Mines has focused on enhancing operational performance through strategic investments. Key initiatives included upgrading the mining fleet and improving mine ventilation systems to boost productivity and efficiency. Additionally, the company has prioritized the discovery and development of new ore sources and strengthened its operational leadership team, which has contributed to reducing employee turnover and maintaining steady production levels.
Looking Ahead, Expansion Plans
Beyond maintaining current production, AIC Mines is actively advancing plans to increase output. The nearby Jericho copper deposit, located just four kilometres south of Eloise, presents a significant growth opportunity. With mineralisation extending over a 5-kilometre strike length and remaining open-ended, Jericho is poised to support an expansion of the Eloise processing plant. The company aims to raise annual copper production to approximately 20,000 tonnes, a substantial increase from current levels.
Market and Investor Implications
Exceeding production guidance consistently is a strong signal to investors about the operational health and management effectiveness at AIC Mines. The company’s ability to deliver on its promises while investing in growth projects could enhance its market position in the competitive copper and gold mining sector. Full quarterly results for June 2025 are expected in late July, which will provide further financial details and insights into cost structures and profitability.
Bottom Line?
AIC Mines’ sustained production success at Eloise sets the stage for a potentially transformative expansion phase.
Questions in the middle?
- How will the Jericho deposit development timeline impact production growth?
- What are the expected capital and operating costs associated with the planned plant expansion?
- How might global copper and gold market conditions affect AIC Mines’ future profitability?