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Atico Reports Financial Results for First Quarter of 2021 (All amounts expressed in US dollars, unless otherwise stated) VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended March 31, 2021 (“Q1-2021”), posting income from mining operations of $5.3 million and a net income of $1.2 million. Fernando E. Ganoza, CEO and Director, commented, This was a particularly challenging quarter given the operational setbacks resulting in loss production and an increase in cash cost, partially mitigated by higher realized metal prices leading to a cash margin of $2.38 per pound of payable copper. The Company closed the quarter showing a strong cash position of US$ 9.2 million and US$ 18 million in trade receivables, which were mostly realized in early April.” Mr. Ganoza continued, We anticipate that we will be able to ....
Riverside Resources Inc.: Riverside Resources and Carlyle Commodities Report Additional High-grade Gold of 3.3 Meters of 3.37 g/t Gold at the Cecilia Project, Mexico 1.18 Notes: cut-off grade used for calculating intervals is 0.2 g/t Au. All values unless otherwise stated are downhole thickness. Riverside s President and CEO, John-Mark Staude: We are pleased to see this program progress with Carlyle Commodities Corp. where we are shareholders and delighted to see the exploration program return higher grade gold. These new results continue to build upon the historical work by Cambior and others, combined with the current 2021 drill campaign which is beginning to show new target ideas, new gold mineralization controls, and widening the perspective for discoveries. We look forward to additional drilling and providing more discovery opportunities at the Cecilia Project with our partner Carlyle Commodities. ....
Carlyle Commodities Corp.: Carlyle Commodities and Riverside Resources Report Additional High-Grade Gold of 3.3 Meters of 3.37 g/t Gold at the Cecilia Project, Mexico finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
1.06 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 ....