Jefferies retains 'buy' on Australia's AIC Mines on upbeat quarterly gold output

AIC Mines

21/07/2025 23:08

** Jefferies reiterates "buy" rating on Australia's AIC Mines A1M.AX, citing co's FY26 production, costs and capital expenditure, which aligned with expectations, while gold production was stronger than anticipated

** Brokerage also keeps its target price unchanged for the gold miner at A$0.45

** On Tuesday, A1M reported that its Eloise Copper Mine produced 3,202 tonnes of copper, 1,612 ounces of gold in concentrate at an AISC of A$4.58/lb Cu sold

** A1M's June quarter all-in sustaining cost and capex broadly aligned with the brokerage's expectation, Jefferies say

** All five analysts covering the stock rate it "buy" or higher; median price target is A$0.50, as per data compiled by LSEG

** Stock is down 8.8% YTD, as of last close

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com))