.jpg)
2 hours ago
3
Article content
VANCOUVER, British Columbia, Aug. 05, 2025 (GLOBE NEWSWIRE) — Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended June 30, 2025 from its El Roble mine and change in management. Production for the quarter totaled 2.16 million pounds of copper and 2,385 ounces of gold in concentrates.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
“The El Roble mine performed as expected for this period, showing improvements compared to the first quarter especially in terms of gold grades and output. Concurrently, production results, increased concentrate sales and strong metal prices should lead to improved financial performance and position during this period” said Fernando E. Ganoza, CEO. “In the latter half of the year, we expect gradual improvements in production results as we gain increased access to newly discovered high-grade ore zones¨
Article content
Article content
Article content
Change of Management
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Jorge Ganoza, Director and Officer, will transition from his full-time position as Vice President of Operations and Projects effective August 1st. Jorge will remain a director and advisor to the Company.
Article content
“On behalf of the Board of Directors and all Atico employees and stakeholders, I would like to thank Jorge for his commitment and dedication to Atico. Jorge’s contribution, for more than the past decade, has been instrumental in the development and transformation of both the El Roble mine and La Plata project. The Atico team wishes Jorge all the best in his future endeavors,” said Fernando E. Ganoza, CEO.”
Article content
Second Quarter Operational Highlights
Article content
- Production of 2.16 million pounds of copper contained in concentrates; a decrease of 42% over Q2 2024.
- Production of 2,385 ounces of gold contained in concentrates; a decrease of 17% over Q2 2024.
- Average processed tonnes per day of 830, a decrease of 3% over Q2 2024.
- Copper head grade of 1.74%, a decrease of 33% over Q2 2024.
- Gold head grade of 2.08 grams per tonne; an increase of 6% over Q2 2024.
- Copper and gold recovery of 91% and 58%; no significant change for copper and a decrease of 11% for gold, respectively, over Q2 2024.
Article content
Article content
Second Quarter Operational Details
Article content
| Q2 2025 Total | Q2 2024 Total | % Change | |
| Production (Contained in Concentrates) | |||
| Copper (000s pounds) | 2,155 | 3,710 | -42% |
| Gold (ounces) | 2,385 | 2,850 | -17% |
| Mine | |||
| Tonnes of ore mined | 60,633 | 70,826 | -14% |
| Mill | |||
| Tonnes processed | 62,007 | 71,079 | -13% |
| Tonnes processed per day | 830 | 852 | -3% |
| Copper grade (%) | 1.74 | 2.57 | -33% |
| Gold grade (g/t) | 2.08 | 1.95 | 6% |
| Recoveries | |||
| Copper (%) | 91.2 | 92.0 | Nil |
| Gold (%) | 57.6 | 64.2 | -11% |
| Concentrates | |||
| Copper and Gold Concentrates (dmt) | 5,592 | 9,197 | -39% |
| Payable copper produced (000s lbs) | 2,032 | 3,487 | -42% |
Article content
Note: Metal production figures are subject to adjustments based on final settlement. The reported results are preliminary in nature and are awaiting independent lab verification.
Article content
El Roble Mine
Article content
The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 1,000 tonnes per day, located in the Department of Choco in Colombia. Its commercial product is a copper-gold concentrate.
Article content
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.
English (US)