2332 GMT - AIC Mines didn't change its annual production guidance when releasing its 2Q result today, but Ord Minnett thinks a beat is likely given good results so far. AIC Mines dug up 8% more copper in 2Q than analyst Paul Kaner was expecting, driven by higher grades. While the miner continues to expect output of 12,500 tons of copper in FY 2025, Ord Minnett is forecasting 12,600 tons. "Overall, a solid result from AIC Mines with potential upgrades to production/cost estimates," Ord Minnett says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 27, 2025 18:32 ET (23:32 GMT)
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