In this AIC Mines Limited (A1M) report we provide a general update on activities and Eloise and Jericho. Profitability at Eloise continues to be hampered by industry wide cost inflation. Our operating and capital cost models have been updated to reflect the apparent new normal. Future investments should moderate operating costs over the medium term. Exploration success at Eloise has confirmed the potential for inventory growth. We expect drilling at Jericho will result in strong MRE and Reserve growth.
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