Atico Mining - ATCMF STOCK NEWS

Atico Mining Corporation reported its financial results for the year ending December 31, 2022, showing a net loss of $3.4 million, a decline from a net income of $7.0 million in 2021. Income from mining operations was $16.0 million, with total sales dropping 10% to $65.2 million due to lower metal prices and production quantities. Production figures at the El Roble mine included 15.0 million pounds of copper and 11,213 ounces of gold. Cash cost per payable copper produced was $1.47, rising 2% from 2021. Despite challenges like lower average copper prices, the company improved its working capital to $18.2 million. Going forward, Atico plans to enhance resources at El Roble and progress on the La Plata project.

Atico Mining Corporation has announced updates on the exploration program at its El Roble property in Colombia as of February 14, 2023. A strategic review of historical and recent exploration has identified high-priority targets, notably Anomaly 8, which shows up to 11% copper in hydrothermal outcrops. The ongoing drilling program aims to further investigate these anomalies, with plans for an additional 3,050 meters of drilling throughout 2023. The El Roble mine boasts Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold. Atico continues to position itself as a growth-oriented company focused on copper and gold development.

Atico Mining Corporation (OTCQX: ATCMF) reported its operational results for Q4 2022 and the full year ended December 31, 2022. The El Roble mine produced 2.95 million pounds of copper and 3,083 ounces of gold in Q4, and 15.03 million pounds of copper and 11,254 ounces of gold for the entire year. Yearly copper production declined by 17%, while gold production rose by 2%. Despite production challenges, the company plans to expand the El Roble project and commence a feasibility study for La Plata. The company projects 14,000 to 15,000 pounds of copper and 10,500 to 12,000 ounces of gold for 2023.

Atico Mining Corporation (ATCMF) announced the approval of its Environmental Impact Assessment (EIA) for a 69 kV powerline required for the La Plata mining project in Ecuador. The EIA was positively reviewed by Ecuador's Environmental Ministry and is deemed a strategic project for the country’s economic growth. This approval allows the construction of a new process plant and enhances the project's connectivity to the national power grid. The La Plata project, known for its high-grade gold and copper resources, has inferred resources of 1.9 million tons at an average grade of 4.1 g/t Au.

Atico Mining Corporation reported Q3 2022 financial results with a net income of $0.3 million, a significant decrease from $7.6 million in Q3 2021. Production at El Roble mine yielded 3.8 million lbs of copper and 2,724 oz of gold, with cash costs at $1.35 per payable pound of copper. Sales dropped 27% to $23.1 million due to lower metal prices and quantities sold. Working capital stands at $24.4 million with long-term loans of $15.6 million. Despite challenges, the company continues to generate cash flow, and exploration activities at El Roble and La Plata have resumed.

Atico Mining Corporation (OTCQX: ATCMF) released its Q3 2022 operating results, reporting production of 3.75 million pounds of copper and 2,724 ounces of gold in concentrates. Copper production decreased by 15% and gold by 9% compared to Q3 2021. The decline was attributed to extended maintenance of the SAG mill due to shipping delays of spare parts. Despite these challenges, the company reported improved copper head grades at 3.12% and gold head grades at 2.28 g/t. Atico remains focused on enhancing production and exploration efforts for the upcoming quarter.

Atico Mining Corporation reported a net loss of $2.7 million for Q2 2022, a substantial decline from a net income of $0.6 million in Q2 2021. Revenue fell 59% to $5.5 million, primarily due to lower sales caused by vessel and port delays, impacting shipments from the El Roble mine. Production included 3.6 million lbs of copper and 2,811 oz of gold, with cash costs increasing 17% year-over-year to $138.39 per tonne processed. Despite the setbacks, the company remains optimistic for H2 2022 and continues exploration efforts at El Roble and La Plata.

Atico Mining Corporation (OTCQX: ATCMF) reported its Q2 2022 operational results, producing 3.59 million pounds of copper and 2,811 ounces of gold in concentrates. This marked a 16% decrease in copper output but a 4% increase in gold production compared to Q2 2021. The decline in copper was attributed to a 24-day operational stoppage due to a landslide, while improved gold head grades contributed positively to the overall performance. The company remains optimistic about meeting its annual production guidance.

Atico Mining Corporation announced that its shareholders approved the Amended and Restated Stock Option Plan during the annual general meeting held on June 14, 2022. The plan allows for a rolling reserve of 10% of the total issued shares for stock options. Key amendments include updated vesting provisions for Investor Relations Service Providers, automatic extensions for options expiring during Blackout Periods, and new pricing and exercise provisions. Atico continues to focus on mining projects in Latin America and operates the El Roble mine while developing the La Plata project in Ecuador.