Australia's AIC Mines hits 10-month high on quarterly results

AIC Mines

18/04/2024 04:04

** Shares of Australia's AIC Mines  A1M.AX  rise as much as
7.2% to A$0.445, their highest level since June 2023
    ** Stock posts its biggest intraday pct gain since March 28 
  
    ** A1M stock set for a third consecutive day of gains
    ** The copper miner produces 11,648 dry metric tons (dmt) of
concentrate in qtr vs 9,295 dmt of concentrate reported last
year, at Eloise Copper Mine in Northeast Australia
    ** Adds production of 3,000 tons (T) – 3,200t copper &
1,500oz gold in concentrate targeted in June quarter 
    ** Eloise copper mine is on track to exceed its full-year
production target of 12,500t Cu in concentrate - AIC Mines 
    ** Stock up 20.3% YTD, as of last close
    

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