Atico Reports Consolidated Financial Results for 2023
Retrieved on:
Tuesday, April 16, 2024
Copper, Decree, El, Assembly, Executive, VMS, Constitutional court, Silver, News, Government, Suite, Zinc, Technical report, Biophysical environment, Social impact assessment, Probability, Socialization, National Assembly (Ecuador), Granville Street, Gold, Feasibility study, ESIA, Ministry, National instrument, CONAIE, La, Mining, Ecuadorians, Organic law, Technical
VANCOUVER, British Columbia, April 16, 2024 (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, 2023, posting income from mining operations of $7.4 million and a net loss of $5.8 million. Production for the year at Atico’s El Roble mine totaled 13.2 million pounds (“lbs”) of copper and 10,149 ounces (“oz”) of gold in concentrate at a cash cost(1) of $2.04 per payable pound of copper(2).
Key Points:
- During the quarter, the Company generated sales of $17.3 million, where copper accounted for 89% and gold for 11%.
- Atico Mining cordially invites all shareholders to its Annual General Meeting of Shareholders, at 10:00 am, Tuesday, June 18, 2024, at Suite 501 - 543 Granville Street, Vancouver, British Columbia.
- Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.
- A focus in 2023 will be on increasing the resource and reserves estimate and extending the El Roble’s life of mine.