Australia's AIC Mines rises after Queensland project production forecast
BUZZ-Australia's AIC Mines rises after Queensland project production forecast ** Shares of Australia's AIC Mines A1M.AX rise as much as 6.6% to A$0.645, on track for their best day since June 17, if trend holds
** Resources exploration co announces FY27 production and cost forecast, and FY28 and FY29 production targets for combined Eloise and Jericho copper mines in North Queensland
** Co expects FY27 combined projects production of 17,500-18,500 tonnes at all-in sustaining costs (ASIC) of A$4.80-A$5.20 per pound sold and all-in cost (AIC) of A$5.20–5.60 per pound sold
** Adds FY28 production target of 20,000–22,000t Cu in concentrate from commissioning of Stage 1 Eloise plant
** Adds FY29 production target of 25,000–27,000t Cu in concentrate from Stage 2 Eloise plant expansion
** About 2.9 million shares trade hands vs 30-day average of 2.1 million shares
** Stock up 6.8% YTD, including session's moves
(Reporting by Subhalakshmi Dey in Bengaluru)
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