Atico Mining Corporation's Impressive Financial Milestones
Atico Mining Corporation Reports Stellar Financial Results
(All amounts expressed in US dollars, unless otherwise stated)
Atico Mining Corporation (TSX.V: ATY | OTC: ATCMF) has made significant strides in the financial arena as reported in their latest quarterly report. The company announced its financial results for the period ending June 30, revealing a robust income of $4.5 million from mining operations alongside a net income of $2.7 million. The production metrics from the El Roble mine highlighted a total output of 2.2 million pounds of copper and 2,385 ounces of gold in concentrate, achieved at a cash cost of $1.73 per payable pound of copper.
CEO Insights on Operational Success
CEO Fernando E. Ganoza expressed optimism regarding the company's operational progression amid favorable market conditions. "Our production results, paired with soaring concentrate sales and elevated metal prices, contributed to our improved financial performance. We foresee ongoing operational enhancements for the remainder of the year, positioning us advantageously for further success," he stated. The company is actively transitioning to mining the higher-grade zones at El Roble while executing a 6,000-meter near-mine drill program aimed at resource replenishment and extending the mine's life.
Key Financial Highlights from the Second Quarter
In the second quarter, Atico displayed impressive growth metrics:
- Sales surged by a remarkable 94%, reaching $21.1 million, contrasted with $10.9 million from the previous year.
- The average realized price for copper escalated to $4.47 per pound, while gold fetched an average of $3,406 per ounce compared to $2,303 a year prior.
- The company’s net income reached $2.7 million, marking a substantial turnaround from a loss recorded during the same period last year. Additionally, cash flows from operations topped $4.9 million.
- While the working capital deficit listed at $13.7 million, the company maintained $6.0 million in long-term loans and $4.6 million payable to the National Mining Agency.
- Despite higher cash costs primarily due to lower ore production, the cash margin was noted to be $2.74 per pound of payable copper.
- On May 23, 2025, Atico secured a new 30-year mining agreement with the National Mining Agency, facilitating further operational optimization.
Operational Performance Insights
Regarding operational data, the second quarter reflected a drop in copper production by 42% compared to the previous year. The gold output decreased by 16%, primarily due to decreased ore throughput and lower head grades in copper. The company anticipates that strategic adjustments and increased mining activities will result in improved production efficiency in the coming quarters.
Exciting Future Prospects for Atico
Looking forward, Atico Mining remains focused on expanding its market footprint. Their high-grade La Plata VMS project in Ecuador is poised for growth, along with additional acquisition opportunities that align with their expansion strategy.
Investor relations at Atico are proactive, with Igor Dutina available for inquiries at +1.604.633.9022. Stock trading insignia remains under TSX.V: ATY and OTC: ATCMF, reflecting their active engagement in the market.
Frequently Asked Questions
What were Atico Mining's sales figures for Q2-2025?
Atico Mining reported sales of $21.1 million for the second quarter of 2025, a 94% increase from the previous year.
How much copper and gold did Atico produce in Q2-2025?
The company produced 2.2 million pounds of copper and 2,385 ounces of gold in concentrate during the quarter.
What is the cash cost per pound of copper for Atico?
The cash cost was reported at $1.73 per payable pound of copper produced.
Who is the CEO of Atico Mining Corporation?
Fernando E. Ganoza serves as the CEO and Director of Atico Mining Corporation.
What is Atico's next strategic focus?
Atico Mining’s next strategic focus is on developing higher-grade zones at the El Roble mine and executing a near-mine drill program for resource replenishment.
About The Author
Contact Addison Perry privately here. Or send an email with ATTN: Addison Perry as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.