Atico Mining Corporation: Atico Reports Consolidated Financial Results for 2020
(All amounts expressed in US dollars, unless otherwise stated)
VANCOUVER, British Columbia, April 21, 2021 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the year ended December 31, 2020, posting income from mining operations of $18.1 million and a net income of $8.4 million. Production for the year at Atico's El Roble mine totaled 20.6 million pounds ("lbs") of copper and 10,821 ounces ("oz") of gold in concentrate at a cash cost
(1) of $1.06 per payable pound of copper
(2).
Fernando E. Ganoza, CEO and Director, commented, "In 2020, operations at the El Roble mine performed within guidance while delivering an impressive all in sustaining cash cost of $1.53 per payable pound of copper produced