AIC MINES LIMITED (A1M)
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A1M - AIC MINES LIMITED

FNArena Sector : Gold & Silver

Year End: June

GICS Industry Group : Materials

Debt/EBITDA: 0.13

Index: ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.35 05 May 2025	-0.015 OPEN $0.37	-4.11% HIGH $0.37	682,374 LOW $0.35

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$0.35

05 May
2025

-0.015

OPEN

$0.37

-4.11%

HIGH

$0.37

682,374

LOW

$0.35

TARGET

$0.797

127.6% upside

OTHER COMPANIES IN THE SAME SECTOR
AAM . AAR . ADT . ALK . AMI . ASL . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DEG . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NEM . NST . NVA . OBM . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SPR . STM . STN . SVL . TBR . TCG . TRE . TTM . VAU . WAF . WGX . WIA . WMX .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	1.6	3.8	xxx
DPS (cps)	xxx	0.0	0.0	xxx
EPS Growth	xxx	N/A	100.0%	xxx
DPS Growth	xxx	N/A	N/A	xxx
PE Ratio	xxx	N/A	9.3	xxx
Dividend Yield	xxx	N/A	0.0%	xxx
Div Pay Ratio(%)	xxx	N/A	N/A	xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2018	2019	2020	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	1.6
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	180.5 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	38.4
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	58.5 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	4.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2018	2019	2020	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	4.12 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	4.06 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	3.33 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	4.12 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	6.36 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	2.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title	2018	2019	2020	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	3 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	4 M
Total Debt	xxx	xxx	xxx	xxx	xxx	7 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	74 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	1.08

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2018	2019	2020	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	65.6 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	36.32 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	159 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	10 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Shaw and Partners	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Bell Potter	01/05/2025	1	Buy	$0.67	91.43%	AIC Mines' 3Q25 copper production and cost missed Bell Potter's forecast, but the broker says the highlight was the effective upgrade in the FY25 production guidance and cost trend. Wet weather impacted shipments in the March quarter, resulting in lower than expected cash flow and end-quarter cash balance. The company expects 4Q production to come in at 3,000-3,300t, which points to a likelihood of the FY25 target of 12,500t being exceeded. Cost-to-date of $5.17/lb is sitting below the company's FY25 guidance of $5.38/lb at midpoint, suggesting the full-year outcome will likely come in below. The broker revised production and cost forecasts, resulting in a -0.8% cut to the FY25 estimate and a 1% lift to FY26. Buy. Target rises to 67c from 66c. FORECAST Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.80 cents. Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.70 cents.
Ord Minnett	xx/xx/xxxx	1	xxxxxxxxxxx xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Shaw and Partners

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

01/05/2025

Buy

$0.67

91.43%

AIC Mines' 3Q25 copper production and cost missed Bell Potter's forecast, but the broker says the highlight was the effective upgrade in the FY25 production guidance and cost trend.

Wet weather impacted shipments in the March quarter, resulting in lower than expected cash flow and end-quarter cash balance. The company expects 4Q production to come in at 3,000-3,300t, which points to a likelihood of the FY25 target of 12,500t being exceeded.

Cost-to-date of $5.17/lb is sitting below the company's FY25 guidance of $5.38/lb at midpoint, suggesting the full-year outcome will likely come in below.

The broker revised production and cost forecasts, resulting in a -0.8% cut to the FY25 estimate and a 1% lift to FY26. Buy. Target rises to 67c from 66c.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.80 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.70 cents.

Ord Minnett

xx/xx/xxxx

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Moelis	30/04/2025	1	Buy	$0.72	105.71%	Moelis notes AIC Mines reported March quarter copper production of 3.0kt, in line with expectations, though sales of 2.3kt were impacted by weather-related shipment delays, resulting in a zero net mine cash flow and a cash balance of $30.9m. The analyst highlights management retains FY25 guidance, with delayed shipments largely dispatched post-quarter and expected to support June results. All-in-sustaining-costs rose to $5.49/lb, and investor focus may turn to cash management given upcoming capital requirements for the Jericho development and plant expansion. Moelis points to near-mine drilling results highlighting strong copper-gold intercepts, supporting potential resource growth. Buy rating retained with a $0.72 target price. FORECAST Moelis forecasts a full year FY25 dividend of 0.00 cents. Moelis forecasts a full year FY26 dividend of 0.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Moelis

30/04/2025

Buy

$0.72

105.71%

Moelis notes AIC Mines reported March quarter copper production of 3.0kt, in line with expectations, though sales of 2.3kt were impacted by weather-related shipment delays, resulting in a zero net mine cash flow and a cash balance of $30.9m.

The analyst highlights management retains FY25 guidance, with delayed shipments largely dispatched post-quarter and expected to support June results.

All-in-sustaining-costs rose to $5.49/lb, and investor focus may turn to cash management given upcoming capital requirements for the Jericho development and plant expansion.

Moelis points to near-mine drilling results highlighting strong copper-gold intercepts, supporting potential resource growth. Buy rating retained with a $0.72 target price.

FORECAST
Moelis forecasts a full year FY25 dividend of 0.00 cents.
Moelis forecasts a full year FY26 dividend of 0.00 cents.

Access Extra Coverage Research History >

A1M STOCK CHART

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AIC MINES LIMITED (A1M)
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