Atico Produces 4.50 Million Pounds of Cu and 2,134 Ounces of Au First Quarter 2021
Atico Mining Corporation announces its operating results for the three months ended March 31, 2021 from its El Roble mine. Production for the quarter totaled 4.50 million pounds of copper and 2,134 ounces of gold in concentrates, a decrease of 8% and 22% for copper and gold, respectively, over the same period in 2020. “At the El Roble mine production faced significant challenges this quarter, as we experienced …
Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) announces its operating results for the three months ended March 31, 2021 from its El Roble mine. Production for the quarter totaled 4.50 million pounds of copper and 2,134 ounces of gold in concentrates, a decrease of 8% and 22% for copper and gold, respectively, over the same period in 2020.
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VANCOUVER, British Columbia, April 26, 2021 (GLOBE NEWSWIRE) Atico Mining Corporation (the Company or Atico ) (TSX.V: ATY | OTC: ATCMF) announces its operating results for the three months ended March 31, 2021 from its El Roble mine. Production for the quarter totaled 4.50 million pounds of copper and 2,134 ounces of gold in concentrates, a decrease of 8% and 22% for copper and gold, respectively, over the same period in 2020. At the El Roble mine production faced significant challenges this quarter, as we experienced heavy rains during the dry season along with a week-long mill stoppage in February. Despite these challenges, the team was able to adjust and deliver with in guidance for most metrics while setting a course to compensate for downtime, said Fernando E. Ganoza, CEO. At the current metal price environment, the Company anticipates robust financials to follow at these production levels. We remain committed to complying with COVID-19 guidelines and regulations f
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The financial statements and MD&A are available on SEDAR and have also been posted on the company s website at http://www.aticomining.com/s/FinancialStatements.asp
Fourth Quarter Financial Highlights
During the quarter, the Company generated sales of $25.1 million, where copper accounted for 90% and gold for 10%. The average realized price per metal on provisional invoicing was $3.31 per pound of copper and $1,872.14 per ounce of gold. Cash flow from operations, before changes in working capital, for the quarter was $11.7 million. Cash costs
(
1) for the quarter were $109.30 per tonne of processed ore and $1.02 per pound of payable copper produced
(2), decreases of 3% and 10% over Q4-2019, respectively.
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