AIC MINES LIMITED (A1M)
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A1M

A1M - AIC MINES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.77
Index: ALL-ORDS

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.68

23 Jul
2026

-0.010

OPEN

$0.70

-1.45%

HIGH

$0.71

1,806,593

LOW

$0.68

TARGET
$0.925 36.0% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
A1M: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 2.6 5.8 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 59.5% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.7 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

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
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 © 2026 FactSet UK Limited. All rights reserved
Title 201920202022202320242025
EPS Basic xxxxxxxxxxxxxxx2.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx189.6 M
Book Value Per Share xxxxxxxxxxxxxxx38.9
Net Operating Cash Flow xxxxxxxxxxxxxxx66.4 M
Net Profit Margin xxxxxxxxxxxxxxx7.89 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx6.00 %
Return on Invested Capital xxxxxxxxxxxxxxx5.62 %
Return on Assets xxxxxxxxxxxxxxx4.65 %
Return on Equity xxxxxxxxxxxxxxx6.00 %
Return on Total Capital xxxxxxxxxxxxxxx5.77 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-46.3 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 201920202022202320242025
Short-Term Debt xxxxxxxxxxxxxxx15 M
Long Term Debt xxxxxxxxxxxxxxx30 M
Total Debt xxxxxxxxxxxxxxx45 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx61 M
Price To Book Value xxxxxxxxxxxxxxx0.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202022202320242025
Capex xxxxxxxxxxxxxxx112.7 M
Capex % of Sales xxxxxxxxxxxxxxx59.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx162 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx12 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

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

Bell Potter

21/07/2026

1

Buy

$0.95

39.71%

AIC Mines has guided to 17,500-18,500t copper for FY27 at AISC of $4.80-5.20/lb, weighted to the second half. A target of 20,000-22,000t is slated for FY28 and 25,000-27,000t  for FY29.

Bell Potter's expectations are consistent with the new guidance although costs are now 25% above prior assumptions that were predicated on lower diesel prices and lower development/unit mining costs at the shallower and more productive Jericho mine.

The broker asserts the company's strong track record stands the business in good stead and retains a Buy rating. Target is raised to $0.95 from $0.90.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.90 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 6.40 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

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

Shaw and Partners

22/07/2026

1

Buy

$1.10

61.76%

Shaw and Partners maintains a Buy rating for AIC Mines with a $1.10 target price following the release of three-year operational targets for the combined Eloise-Jericho asset.

Management confirmed an acceleration of the Stage 2 Eloise processing plant expansion to 1.5mtpa by two years to the December quarter of 2028, with the modest $15m capital expenditure funded via internal cash flow.

Production guidance for FY27 and FY28 aligns with existing expectations, while FY29 projections sit materially ahead as Jericho becomes the majority tonnage source.

The analyst notes an expanded prepayment facility with Trafigura provides an additional US$20m undrawn buffer during mill commissioning.

Forecasts and valuation metrics remain in place ahead of full FY26 financial results, with self-funded volume expansion underpinning the long-term thesis.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 8.10 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 14.30 cents.
Access Extra Coverage Research History >

A1M STOCK CHART

FNArena News on A1M

1
Australian Broker Call *Extra* Edition – Jul 22, 2026

Jul 22 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Jul 20, 2026

Jul 20 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Jun 29, 2026

Jun 29 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jun 22, 2026

Jun 22 2026 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Jun 18, 2026

Jun 18 2026 - Daily Market Reports

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