AIC Mines Limited (AU:A1M) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
AIC Mines Limited reports a productive quarter with its Eloise copper mine producing 3,213 tonnes of copper in concentrate, generating a positive net cash flow of $2.8 million after capital. The company is actively expanding its portfolio, with promising exploration results at Jericho and other sites indicating significant copper and gold mineralization. With $62.6 million in cash reserves, AIC Mines remains focused on growth through strategic exploration and development of its assets.
For further insights into AU:A1M stock, check out TipRanks’ Stock Analysis page.