Australia · Delayed Price · Currency is AUD AIC Mines Earnings Call Transcripts
Fiscal Year 2026
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March quarter saw record cash flow and metal sales, with production exceeding guidance despite severe weather. Expansion projects are on track, diesel costs are rising, and resource/reserve upgrades support a strong long-term outlook.
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Strong December quarter performance met production and cost guidance, with record ore mined at Eloise and significant stockpiles set to boost March results. Higher commodity prices could add AUD 30 million in cash flow, supporting accelerated Jericho development.
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Eloise mine delivered strong copper and gold production, achieving guidance and generating AUD 11.8 million in net mine cash flow. Expansion projects are on track, with robust commodity prices expected to further boost free cash flow and support future growth.
Fiscal Year 2025
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AGM covered strong FY2025 results, major expansion at Eloise and Jericho, and robust copper market outlook. Shareholders voted on five resolutions, with results to be announced. Dividend potential discussed, with focus on growth and disciplined M&A in Australia.
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Significant funding has been secured to expand copper production at Eloise and develop Jericho, with plant upgrades enabling rapid future growth. Exploration success has boosted resources, and the stock is seen as undervalued due to SPP-related selling.
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Eloise mine exceeded production and cost targets for FY 2025, generating strong cash flow and meeting guidance for the eighth consecutive quarter. Plant expansion and Jericho development are on track, with robust financing secured and a positive copper price outlook.
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Major expansion of the Eloise facility is underway, with funding secured through loans, offtake, and equity. The project aims to double production and reduce costs by 20%, leveraging strong exploration results and a robust resource base. Most costs are front-loaded over the next 18 months.
Fiscal Year 2024
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AGM reviewed strong operational and financial results, including record copper production, cost reductions, and major resource growth. Strategic plans focus on Jericho development, plant expansion, and high-grade exploration, with robust governance and community engagement highlighted.