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AIC Mines Reports Strong Q2 2023 Results and Advances Exploration Projects — ASX:A1M| ASX Mining News & Discussion
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$A1M AIC Mines Reports Strong Q2 2023 Results and Advances Exploration Projects
AIC Mines, a growth-focused Australian resources company, has released its Quarterly Activities Report for the period ending June 30, 2023, showing strong progress in its copper and gold assets portfolio in Australia.

The company owns and operates the Eloise Copper Mine, an underground high-grade mine situated SE of Cloncurry in North Queensland. The mine produced 11,197dmt of concentrate, containing 2,890t of copper, with an AISC of A$5.63/lb Cu and an AIC of A$6.16/lb Cu. Additionally, reliability enhancements and efficiency improvements resulted in a 34% increase in ore mined and a 17% increase in copper production compared to the previous quarter. Sales for Q2 generated a net revenue of $32.2 million and operating cash flow of $7.0 million, while net mine cash flow was negative $6.4 million after capital of $13.4 million.

AIC Mines' Jericho project reached a significant milestone, with the completion of a maiden ore reserve of 1.8Mt grading 1.8% copper ...
AIC Mines Reports Strong Q2 2023 Results and Advances Exploration Projects

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?