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Atico Mining (ATCMF)
M Partners analyst M Partners reiterated a Buy rating on Atico Mining on April 23. The company’s shares closed last Friday at $0.51, close to its 52-week high of $0.55.
Atico Mining has an analyst consensus of Moderate Buy.
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VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) Atico Mining Corporation (the Company or Atico ) ((TSX.V: ATY, OTC:ATCMF) reports that the final systems inspection at the El Roble mine was successful and ramp up to steady state throughput has been attained. The Company is also reinitiating its plans for an aggressive exploration campaign at both projects with a budget of up to 30,000 meters of drilling for 2021. We are pleased to report a successful restart of operations at the El Roble mine along with announcing the most aggressive exploration program the Company has managed since inception, said Fernando E. Ganoza, CEO. Given the current metal price environment we are continuing to see exceptionally robust cashflow generation as 2021 is on track to be another record-breaking year for the Company. At this pace, we will be in an even stronger position to further reevaluate the 2021 exploration budget with the intent to increase it for the second half of
Atico Restarts Mining Operations at El Roble, Intercepts Massive Sulfide Extension at La Plata and Provides Exploration plans for 2021 investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
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Mineral Resources and Mineral Reserves are as defined by CIM definition Standards on Mineral Resources and Mineral Reserves 2014.
Mineral Resources and Mineral Reserves are estimated as of September 30
th 2020.
Mineral Reserves are reported using an NSR breakeven cut-off value of US$104.44/t (cost basis October 2019 to September 2020) for the Zeus body.
Mineral Resources are reported based on an NSR cut-off grade of US$54.39/t (cost basis October 2019 through September 2020),
Metal prices used were US$1,543.13/troy ounce Au and US$ 3.01/t Cu.
Metallurgical recoveries are based in the historical recovery (El Roble process plant results October 2019 through September 2020): Au is 57.94% and Cu is 92.13%.
Atico Mining Corporation: Atico Updates Mineral Reserves and Resources for the El Roble Mine in Colombia
th, 2020 for the El Roble Mine located in Colombia. Our infill and mine vicinity exploration drilling at El Roble mine has partially replenished some of the mined resources since the previous reserve and resource update in 2018. The updated reserve report shows the operations ability to continue delivering robust cashflow for the Company in the years to come, especially in the current metal price environment, said Fernando E. Ganoza, CEO. We will continue looking for opportunities to further extend the life of mine at El Roble while also aggressively drilling for additional massive sulphide deposits on the contiguous 6,300 hectare land package we control.