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Atico Mining Signs an Investment Agreement with the Government of Ecuador, for the Development of its La Plata Project

Retrieved on:

Tuesday, March 5, 2024

Prospectors, Copper, IPA, ATY, Fishery, PB, USD, Mining, Government, VMS, PDAC, National instrument, National Instrument 43-101, Environment, Partnership

VANCOUVER, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce that it has signed, with the Government of Ecuador, an investment agreement (“the Agreement”) for its 100% owned La Plata mining project located in Ecuador (the “La Plata project”).

Key Points:

VANCOUVER, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce that it has signed, with the Government of Ecuador, an investment agreement (“the Agreement”) for its 100% owned La Plata mining project located in Ecuador (the “La Plata project”).
In the context of this event, the Ecuadorian administration, through the agency of Minister Sonsoles Garcia, formalized this agreement with Atico Mining Corporation.
Specifically, this agreement encompasses most previous and future exploration, development, construction and initial sustaining investment phases of the La Plata mining project.
The document further delineates the Ecuadorian State's commitment to assist and expedite the progress of the La Plata mining project.

Atico Reports 2023 Fourth Quarter and Full Year Production Results

Retrieved on:

Wednesday, January 17, 2024

Copper, Gold, Mining, ATY, Palladium

Production totaled 4.37 million pounds of copper with 2,578 ounces of gold for the fourth quarter (“Q4 2023”) and 13.24 million pounds of copper with 10,149 ounces of gold in concentrates for the full year 2023.

Key Points:

Production totaled 4.37 million pounds of copper with 2,578 ounces of gold for the fourth quarter (“Q4 2023”) and 13.24 million pounds of copper with 10,149 ounces of gold in concentrates for the full year 2023.
The team turned things around in the third quarter and continued to improve all metrics to finish the year delivering just under our production guidance.
Production of 2,578 ounces of gold contained in concentrates; a decrease of 15% over Q4 2022.
Production of 13.24 million pounds of copper contained in concentrates; a decrease of 12% over 2022.

The Government of Ecuador Approves Atico’s Concession Extension Until 2049

Retrieved on:

Thursday, January 4, 2024

Biophysical environment, Regulation, Agency, Government, Mining, Natural Resources, Ministry, ATY, Control, Mine

This new period of validity for the concession is extended until 2049.

Key Points:

This new period of validity for the concession is extended until 2049.
The new term of the concession will begin from the date of registration in the Mining Registry under the Agency for Regulation and Control of Energy and Non-Renewable Natural Resources.
This decision by the Government of Ecuador creates better conditions to continue the investment plans in La Plata.
In a favorable scenario where additional time is needed, in 2048, the Company can apply for another 25 year extension.

Constitutional Court Ruling Allows Continuation of The Environmental Consultation Process for Atico’s La Plata Copper-Gold Project in Ecuador

Retrieved on:

Monday, November 20, 2023

Water, State, Organic law, National Assembly (Ecuador), Constitutional court, EIA, Hospital, ECP, Environmental impact assessment, DIA, Ministry, ATY, Mining, CC, Rare-earth element

On November 17 2023, the Ecuadorian Constitutional Court (CC) ruled on the unconstitutionality of Executive Decree 754, regarding the Environmental Consultation Process (ECP) for national projects.

Key Points:

On November 17 2023, the Ecuadorian Constitutional Court (CC) ruled on the unconstitutionality of Executive Decree 754, regarding the Environmental Consultation Process (ECP) for national projects.
This ruling is pivotal for the La Plata project and the broader community, impacting 178 important national projects in the process of obtaining environmental licenses.
This process aims to extensively and timely inform about potential environmental impacts and the measures for mitigation, control, and monitoring.
We thank our stakeholders for their continued support and look forward to advancing the La Plata project in compliance with the highest environmental and social standards.

Atico Mining Provides Corporate Update

Retrieved on:

Thursday, August 3, 2023

Plata, Ministry of Environment (Spain), Executive, Confederation of Indigenous Nationalities of Ecuador, Process, Rulings of the Constitutional Court of Thailand, Government, Ministry, Constitutional court, ESIA, Kosovar civil society, Court of cassation, ATY, Socialization, Civil society, Mining, Hunting, Environment

VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) reports that the highest body of constitutional justice provisionally suspends the Executive Decree No 754 (The Decree) issued earlier in the year.

Key Points:

VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) reports that the highest body of constitutional justice provisionally suspends the Executive Decree No 754 (The Decree) issued earlier in the year.
Atico has successfully completed the technical approval of its environmental and social impact assessment ("ESIA") for the La Plata project.
The Ministry of Environment, waters and ecological transition (MAATE) had initiated the final step being the socialization of the ESIA results.
This important step is managed and overseen by the Government of Ecuador to ensure full compliance with the standards of The Decree.

Atico Produces 2.80 Million Pounds of Cu and 2,294 Ounces of Au in Second Quarter 2023

Retrieved on:

Thursday, July 27, 2023

Overalls, ATY, Copper, Gold, Mining, Palladium

Production for the quarter totaled 2.80 million pounds of copper and 2,294 ounces of gold in concentrates, a decrease of 22% for copper and 18% for gold, over the same period in 2022.

Key Points:

Production for the quarter totaled 2.80 million pounds of copper and 2,294 ounces of gold in concentrates, a decrease of 22% for copper and 18% for gold, over the same period in 2022.
“The El Roble mine continued to show improvement for the period in terms of both processed tones and increase in head grades over the previous quarter.
We anticipate further improvement in overall production results and metal output for the second half of the year,” said Fernando E. Ganoza, CEO.
Copper and gold recovery of 91.1% and 58.7%; no significant change for copper and a decrease of 7% gold over Q2 2022.

Ambassador of Canada and Governor of Cotopaxi Province visit Atico Mining’s La Plata Project in Ecuador prior to the Public Consultation

Retrieved on:

Wednesday, June 14, 2023

Plata, Partnership, Ambassador, VMS, Culture, Water board, PB, Public consultation, National instrument, Mining, Water, SEDAR, ATY, National Instrument 43-101, Delegation, Environment, Copper

The Delegation had the opportunity to witness the project's commitment to social and environmental initiatives, which align with Canadian core values.

Key Points:

The Delegation had the opportunity to witness the project's commitment to social and environmental initiatives, which align with Canadian core values.
The visit, coupled with the recent decree from the President of Ecuador, signifies a promising trajectory for the project, paving the path for construction in the near future.
During their visit, both the Ambassador and the Governor observed the project's readiness to initiate public hearings and acknowledged the strong local community support for the project.
The La Plata project has successfully implemented itself in the regional economy creating a broader economic ecosystem, serving as a catalyst for various formal activities and positively transforming the whole region.

Atico Mining Announces Another Major Milestone with the Signing of the Presidential Decree for its La Plata Project, Ecuador

Retrieved on:

Tuesday, June 6, 2023

With this new regulation in place, the citizen participation process for the La Plata mining project is now well defined and should be completed before year-end as the La Plata project is considered a strategic project by the Government.

Key Points:

With this new regulation in place, the citizen participation process for the La Plata mining project is now well defined and should be completed before year-end as the La Plata project is considered a strategic project by the Government.
Additionally, we have developed a clear, technical, and objective EIA that thoroughly addresses major impacts and presented their mitigation strategies.
It outlines the actions we will take to ensure the La Plata project adheres to the highest international standards."
The La Plata project plan consists of a 900 tpd underground mining operation with state-of-the-art infrastructure, amongst which the most significant is the construction of a filtered tailings facility.

Atico Reports Consolidated Financial Results for First Quarter of 2023

Retrieved on:

Tuesday, May 16, 2023

Life, Gold, Mining, ATY, Copper

VANCOUVER, British Columbia, May 16, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) today announced its financial results for the three months ended March 31, 2023, posting a net loss of $0.5 million. Production for the period at Atico’s El Roble mine totaled 2.3 million pounds (“lbs”) of copper and 2,553 ounces (“oz”) of gold in concentrate at a cash cost(1) of $2.20 per payable pound of copper(2).

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(All amounts expressed in US dollars, unless otherwise stated)
VANCOUVER, British Columbia, May 16, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) today announced its financial results for the three months ended March 31, 2023, posting a net loss of $0.5 million.
Fernando E. Ganoza, CEO and Director, commented, “Lower grade and throughput than planned for this period impacted our financials for the quarter.
The mechanical failures experienced during the fourth quarter of last year which carried through to this quarter have been resolved and we have now moved back into higher grade zones.
Sales during the quarter were impacted by lower quantities sold and at a lower copper price compared to Q1-2022.

Atico Produces 2.32 Million Pounds of Cu and 2,566 Ounces of Au in First Quarter 2023 and Resumes Full Operations at El Roble

Retrieved on:

Thursday, April 27, 2023

ATY, Copper, Gold, Mining, Palladium

Production for the quarter totaled 2.32 million pounds of copper and 2,566 ounces of gold in concentrates, a decrease of 51% and 3% for copper and gold, respectively, over the same period in 2022.

Key Points:

Production for the quarter totaled 2.32 million pounds of copper and 2,566 ounces of gold in concentrates, a decrease of 51% and 3% for copper and gold, respectively, over the same period in 2022.
“At the El Roble mine we had a lower than usual copper head grade and output for the quarter as the mine plan called for transitioning through the lower grade areas of the deposit.
“For the remainder of the year, the operation is projected to make up for lower first quarter production and deliver on this year’s set guidance.
Copper and gold recovery of 89.2% and 57.9%; a decrease of 3% for copper and gold over Q1 2022.