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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.455

28 Oct
2025

-0.010

OPEN

$0.46

-2.15%

HIGH

$0.47

2,166,979

LOW

$0.45

TARGET
$0.677 48.7% upside
OTHER COMPANIES IN THE SAME SECTOR
AAM . AAR . ALK . AMI . ASL . AUC . AUE . AWJ . BC8 . BEZ . BGL . BNZ . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . EMR . EVN . EVR . FFM . FFM . FXG . GBZ . GGP . GMD . GPR . HGO . HRZ . IGO . KAI . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NEM . NST . NVA . OBM . ORE . PDI . PNR . PRU . RMS . RRL . RSG . RXL . RXR . SBM . SMI . STM . STN . SVL . TBR . TCG . TOR . TRE . TTM . USL . VAU . WAF . WGX . WIA . WMX .
FNARENA'S MARKET CONSENSUS FORECASTS
A1M: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 2.6 4.3 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 59.5% 64.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 10.8 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 © 2025 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

17/10/2025

1

Speculative Buy

$0.56

23.08%

AIC Mines delivered a strong September quarter, assesses Ord Minnett, with production and sales exceeding the broker's forecasts by 3% and 5%, respectively, driven by higher throughput and lower capital spending.

Cash of around $13m was above the broker's expectations due to reduced investment and a working capital unwind.

Development at Jericho is advancing, highlight the analysts, with the link drive only 380m from the first ore and the first life-of-mine (LOM) ventilation shaft completed to improve productivity.

FY26 guidance remains 12.8-13.1kt copper at costs (AISC) of -$4.85-5.25/lb, though the broker sees upside potential for production.

Ord Minnett raises its target price to 56c from 55c and retains a Speculative Buy rating.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.10 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of 8.20 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

20/10/2025

1

Upgrade to Buy from Hold

$0.54

18.68%

Moelis has upgaded AIC Mines to Buy from Hold after the miner's 1Q update. The broker notes Eloise delivered 3.2kt Cu and 1.6koz Au at AISC $4.97/lb, generating $11.8m net mine cashflow and closing cash of $67.8m.

The broker rolls spot copper (US$4.80/lb) into the next-12-months deck and argues funding headroom looks adequate as the -$156m Eloise/Jericho expansion advances; its cash-balance chart shows a trough around $28.1m by Dec-26 before rebuilding post-capex.

Forecasts are raised (FY26 EPS up by 58%) and the valuation steps up to a $0.54 target (44c in the week prior). Forecasts have noticeably improved.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.90 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.10 cents.
Access Extra Coverage Research History >

A1M STOCK CHART

FNArena News on A1M

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 24-10-25

Oct 24 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 20, 2025

Oct 20 2025 - Daily Market Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 10-10-25

Oct 10 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Oct 10, 2025

Oct 10 2025 - Daily Market Reports
5
Rudi’s View: Don’t Fight The Fed, Inflation, Gold, Copper & More

Sep 25 2025 - Rudi's View

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