AIC Mines Limited (AU:A1M) has released an update.
AIC Mines Limited reported strong quarterly results with its Eloise Copper Mine producing 11,648dmt of copper concentrate and exceeding revenue expectations with $38.3 million in net revenue, despite seasonal challenges. The company also highlighted significant increases in mineral resources and reserves, particularly a 59% and 86% increase in copper and gold respectively, and initiated promising exploration drilling at the Swagman Prospect. With $25.7 million in cash and additional copper concentrate valued at $6.1 million ready for shipment, AIC Mines is positioned for sustained growth.
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