Want to see AU:A1M full AI Analyst Report?
Top Page
AIC Mines Limited
(Sydney:A1M)
Select Model
Select Model
Rating:66Neutral
Price Target:
AU$0.77
▼(-5.31% Downside)
Action:Reiterated
Date:09/24/26
The score is driven mainly by improving financial performance (strong revenue and earnings recovery) but held back by persistently negative free cash flow and rising leverage. Technicals are supportive with a strong multi-timeframe uptrend and neutral momentum indicators. Valuation appears reasonable at a 17.11 P/E, with no dividend yield data to add support.
Positive Factors
Revenue and earnings recovery
Meaningful revenue expansion and a strong rebound in net income indicate that the operating business is converting improved production or pricing conditions into greater earnings power. If sustained, this recovery can strengthen internal funding capacity and support mine-life investment over the next several quarters.
Negative Factors
Persistently negative free cash flow
Despite healthy operating cash flow, recurring negative free cash flow shows that investment spending is currently consuming more cash than the business generates after operating needs. Persistence would reduce financial flexibility and could increase reliance on external funding to maintain growth or development activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and earnings recovery
Meaningful revenue expansion and a strong rebound in net income indicate that the operating business is converting improved production or pricing conditions into greater earnings power. If sustained, this recovery can strengthen internal funding capacity and support mine-life investment over the next several quarters.
Read all positive factors
AIC Mines Limited (A1M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$567.63M
Dividend Yield235.6%
Average Volume (3M)2.53M
Price to Earnings (P/E)14.0
Beta (1Y)1.81
Revenue Growth29.37%
EPS Growth102.31%
CountryAU
Employees239
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.05
Shares Outstanding799,484,900
10 Day Avg. Volume2,512,881
30 Day Avg. Volume2,533,089
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.66
Price to Sales (P/S)2.33
P/FCF Ratio-7.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.06Price Target Upside31.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.09
Revenue Forecast (FY)AU$369.94M
AIC Mines Limited Business Overview & Revenue Model
Company Description
AIC Mines Limited engages in the exploration, development, and production of mines in Australia. The company operates through Mining, and Exploration and Corporate segments. It explores for gold, copper, silver, and zinc deposits. AIC Mines Limite...
AIC Mines Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
70
Positive
Cash Flow
46
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 245.23M | 189.55M | 182.47M | 125.60M | 25.04M |
| Gross Profit | 74.12M | 27.97M | 70.20M | 37.11M | 14.39M |
| EBITDA | 106.98M | 65.45M | 53.09M | 23.48M | 19.75M |
| Net Income | 41.49M | 14.96M | 7.69M | -5.82M | 2.50M |
Balance Sheet | |||||
| Total Assets | 500.86M | 376.92M | 266.79M | 194.70M | 194.70M |
| Cash, Cash Equivalents and Short-Term Investments | 41.73M | 60.97M | 87.60M | 37.75M | 37.75M |
| Total Debt | 79.56M | 45.30M | 6.99M | 2.83M | 2.83M |
| Total Liabilities | 155.98M | 97.62M | 47.67M | 40.41M | 40.41M |
| Stockholders Equity | 344.88M | 279.30M | 219.11M | 154.29M | 154.29M |
Cash Flow | |||||
| Free Cash Flow | -80.38M | -46.27M | -13.63M | -36.83M | -33.20M |
| Operating Cash Flow | 99.74M | 66.42M | 51.93M | 22.85M | 26.48M |
| Investing Cash Flow | -180.09M | -101.55M | -66.35M | -50.95M | -50.95M |
| Financing Cash Flow | 53.88M | 37.25M | 57.88M | 30.89M | 30.89M |
AIC Mines Limited Technical Analysis
Negative
0.81
Price Trends
0.82
Negative
0.77
Negative
0.69
Positive
Market Momentum
-0.03
Positive
35.18
Neutral
11.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:A1M, the sentiment is Negative. The current price of 0.81 is below the 20-day moving average (MA) of 0.82, below the 50-day MA of 0.82, and above the 200-day MA of 0.69, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.18 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:A1M.
AIC Mines Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$567.63M | 14.01 | 12.48% | 235.60% | 29.37% | 102.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$306.27M | -16.88 | -13.63% | ― | ― | -7.74% | |
47 Neutral | AU$307.76M | -51.09 | -4.32% | ― | ― | 5.15% | |
45 Neutral | AU$357.38M | -17.16 | -21.51% | ― | ― | -62.33% | |
42 Neutral | AU$752.69M | -7.74 | -19.64% | ― | ― | -566.67% | |
41 Neutral | AU$147.28M | -3.29 | -45.72% | ― | ― | 10.08% |
* Basic Materials Sector Average
AU:A1M
AIC Mines Limited
0.75
0.29
63.04%
AU:MTM
Mt Monger Resources Ltd.
0.23
-0.58
-71.60%
AU:AZY
Antipa Minerals Limited
0.47
-0.07
-12.96%
AU:MM8
Medallion Metals Ltd
0.40
-0.02
-4.76%
AU:FRS
Forrestania Resources Limited
0.32
0.10
43.18%
AU:TOK
Tolu Minerals Limited
1.11
-0.26
-18.98%
AIC Mines Limited Corporate Events
AIC Mines Sets November Date for 2026 AGM and Urges Early Proxy Voting
Oct 22, 2026
AIC Mines Limited has convened its Annual General Meeting for 25 November 2026 at its Perth offices, with proceedings scheduled to begin at 11:00 a.m. AWST. The company is offering a webcast for shareholders who cannot attend in person, allowing t...
AIC Mines Lodges 2026 Corporate Governance Statement with ASX
Oct 22, 2026
AIC Mines Limited, an Australian-listed resources company, operates in the mining sector with a focus on exploration and production, underpinned by formal governance structures that define the roles of its board, management and senior executives. ...
AIC Mines Releases Comprehensive 2026 Annual and Sustainability Reports
Oct 22, 2026
AIC Mines Limited has released its 2026 Annual Report, presenting a comprehensive overview of the company’s operations, financial performance, and governance. The report includes directors’ reports, consolidated financial statements, a...
AIC Mines lifts cash flow, advances Eloise expansion and Mt Cuthbert acquisition
Oct 21, 2026
AIC Mines reported quarterly production from its Eloise and Jericho operations of 3,072 tonnes of copper and 1,562 ounces of gold in concentrate, with improved cost performance despite lower-grade ore and record net mine cash flow of $33.4 million...
AIC Mines Sets Date for September Quarter Report and Investor Call
Oct 19, 2026
AIC Mines Limited has announced that it will lodge its Quarterly Activities Report for the period ended 30 September 2026 with the ASX before market open on 22 October 2026. The move underscores the company’s ongoing disclosure practices and...
AIC Mines Sets November Extraordinary General Meeting, Emphasises Online Voting
Oct 5, 2026
AIC Mines Limited, an ASX-listed mining company based in Perth, operates in the resources sector with activities centred on mineral exploration and production. The company maintains an active engagement framework with shareholders through formal m...
AIC Mines Appoints New Director With No Current Security Holdings
Oct 5, 2026
AIC Mines Limited has appointed Clint Donkin as a director effective 5 October 2026, and lodged an Initial Director’s Interest Notice with the ASX in accordance with listing rule disclosure requirements. The filing confirms that Donkin curre...
AIC Mines Discloses Final Director Interest as Josef El-Raghy Leaves Board
Oct 5, 2026
AIC Mines Limited has announced that director Josef El-Raghy ceased to be a member of the board on 5 October 2026, triggering a final disclosure of his relevant interests in the company’s securities. The notice confirms that he holds no shar...
AIC Mines Sets AGM Date and Opens Director Nomination Window
Sep 25, 2026
AIC Mines has scheduled its Annual General Meeting for 25 November 2026 and plans to convene a separate Extraordinary General Meeting earlier in November. The timetable underscores an active governance agenda, with upcoming shareholder meetings li...
AIC Mines Plans Major Equity Issue to Expand Share Base
Sep 23, 2026
AIC Mines Limited has lodged a notice with the ASX outlining a proposed placement or similar equity issue of up to 125,786,164 ordinary fully paid shares. The new securities are expected to be issued on 6 November 2026, subject to the company comp...
AIC Mines Plans Major Share Placement to Fund Growth
Sep 23, 2026
AIC Mines Limited has notified the Australian Securities Exchange of a proposed placement involving up to 88,050,315 ordinary fully paid shares. The new securities are scheduled for issue on 6 November 2026, subject to the standard ASX listing pro...
AIC Mines outlines Mt Cuthbert acquisition and equity placement
Sep 23, 2026
AIC Mines Limited has outlined plans for a transformational acquisition of the Mt Cuthbert copper project, combined with a concurrent equity placement to major shareholder Hawke’s Point Resource Fund. The transaction involves issuing new ful...
AIC Mines buys Mt Cuthbert project in $120m push to multi-mine copper status
Sep 23, 2026
AIC Mines Limited has agreed to acquire 100% of Materra Metals, owner of the Mt Cuthbert Copper Project in northwest Queensland, for $120 million in a mix of shares and cash. The project, with 18.7 million tonnes of resources grading 1.3% copper a...
AIC Mines outlines operations and risks in ASX conference update
Sep 22, 2026
AIC Mines Limited has released a presentation for the ASX SMIDcaps Conference outlining summary information about its operations and activities as at September 2026. The document emphasises that it is informational only, does not constitute an off...
AIC Mines Shares Halted Pending Acquisition and Capital Raising News
Sep 21, 2026
AIC Mines Limited requested a trading halt for its ordinary shares on the ASX starting Tuesday, 22 September 2026, to manage its continuous disclosure obligations. The halt will remain in place until either the company releases a market announceme...
AIC Mines Reaffirms Disclosure Limits and Confirms No New Exploration Data
Sep 10, 2026
AIC Mines Limited has issued a presentation providing summary information about its operations and activities, reiterating that the material should be read alongside its continuous and periodic disclosures to the Australian Securities Exchange. Th...
AIC Mines Issues Over 6.3 Million Unquoted Performance Rights
Sep 9, 2026
AIC Mines Limited has notified the market of the issue of 6,357,939 unquoted performance rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX, were issued on September 9, 2026, reflecting the company&...
AIC Mines Issues New Shares Under Equity Incentive Plan
Sep 8, 2026
AIC Mines Limited has issued 1,865,092 new ordinary fully paid shares following the exercise of performance rights under its equity participation plan, which was renewed by shareholders at the November 2025 annual general meeting. The issuance, ma...
AIC Mines Seeks ASX Quotation for 1.86 Million New Shares
Sep 8, 2026
AIC Mines Limited has applied for quotation on the ASX of 1,865,092 new ordinary fully paid shares, to be issued on 8 September 2026. The additional securities, arising from the exercise or conversion of existing options or other convertible instr...
AIC Mines appoints new director with no current equity stake
Sep 1, 2026
AIC Mines Limited has appointed Simon Mark Le Messurier as a director effective 1 September 2026, expanding its board as it pursues its strategic objectives in the mining sector. The company disclosed that Le Messurier currently holds no direct or...
AIC Mines Updates Director’s Equity Interests After Incentive Lapse
Aug 31, 2026
AIC Mines Limited has disclosed a change in director Aaron Colleran’s interest in the company’s securities, in line with ASX listing rules. Colleran’s holdings include a substantial stake in fully paid ordinary shares alongside m...
AIC Mines Discloses Director Brett Montgomery’s Exit and Share Interests
Aug 31, 2026
AIC Mines Limited has announced the cessation of Brett Montgomery as a director effective 31 August 2026, with a formal notice lodged under ASX listing rule 3.19A.3. The filing confirms Montgomery held no AIC Mines securities in his own name at th...
AIC Mines refreshes board as veteran mining executive joins, long-serving director retires
Aug 31, 2026
AIC Mines has appointed veteran mining executive Mark Le Messurier as an independent non-executive director, effective 1 September 2026, adding more than 40 years of operational and leadership experience with major gold producers to its board. His...
AIC Mines Posts Strong Profit Surge Without Declaring Dividends
Aug 25, 2026
AIC Mines Limited reported a strong financial performance for the year ended 30 June 2026, with sales revenue rising 29% to $245.2 million and EBITDA jumping 71% to $108.1 million. Statutory profit before tax surged 230% to $60.6 million, while ne...
AIC Mines Hits Highest-Grade Copper-Gold Intercept at Brumby Prospect
Aug 13, 2026
AIC Mines has reported a standout drilling result from the Brumby copper-gold prospect within its Cannington Project in northwest Queensland. The first diamond hole, BRDD001, intersected 46.4 metres grading 3.6% copper and 1.0 grams per tonne gold...
AIC Mines Confirms Extensive Copper at Iris and High-Grade Gold at Eloise South
Aug 5, 2026
AIC Mines has reported strong new drilling results from its Eloise Regional exploration program in North Queensland, confirming extensive copper and gold mineralisation at the Iris prospect. Iris now shows anomalous copper and gold over a 1.5-kilo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.