Australia's AIC Mines extends gains on Eloise expansion plans; Bell Potter reiterates 'buy'

AIC Mines

21/07/2026 03:04

** Shares of AIC Mines A1M.AX rise as much as 4.8% to A$0.655, set to clock a second consecutive session of gains, if current trend holds
** Bell Potter retains "buy" recommendation at a target price of A$0.95
** Adds confirmation of Stage II expansion at Eloise mine and increased funding flexibility are material positives for the copper producer
** AIC on Monday guided FY27 copper production of 17,500-18,500 tons at all-in sustaining costs (AISC) of A$4.80-A$5.20/lb, with production weighted to second half
** Production weighted to H2 as expanded 1.1 million ton-per-annum plant is commissioned in December 2026 quarter
** Stock has risen 9.3% this year, including session moves


 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))