A1M 7.04% 38.0¢ aic mines limited

Ann: Quarterly Activities Report, page-42

  1. 425 Posts.
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    Hi dbd25, what do you mean by margins?

    If you are talking about this quarter's AIC this was already posted here:
    "AISC of A$5.67/lb and AIC of A$5.96/lb (March 2024 Quarter: A$5.18/lb and A$5.49/lb respectively)were higher largely due to the drawdown of stockpiled ore and copper concentrates awaiting sale,which impacted both AISC and AIC by a combined $0.50/lb. With ore and concentrate stockpiles effectively eliminated at the end of the Quarter there will be minimal stockpile impact on costs into Q1or Q2 FY25."
    AIC guidance for FY25 is $5.50 ($3.69USD), so reasonable margin still depending on copper price.


    If you are looking at cash:
    The mine generated $9.5AUD mil cashflow this quarter (1200% increase from previous quarter).
    We did spend $6.5mil on Jericho/exploration after that, but that was expected investment for growth and why they raised $57mil.
    Apart from the corporate cash outflow, the rest are things like working capital movements and interest (hopefully one offs, might need to wait for annual report to clarify)


    https://hotcopper.com.au/data/attachments/6322/6322559-405456417ab4159b2c2f9cb062605c28.jpg

 
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