Business
2022 Annual Results
2022 Annual Results.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n \n \n \n \n \n \n Atalaya Mining Plc\n \n \n \n 1 Lampousas Street\n \n \n 1095 Nicosia, Cyprus\n \n \n Tel: +357 22442705\n \n \n Fax: +357 22442708\n \n \n www.atalayamining.com\n \n \n \n \n \n \n \n \n 22 March 2023\n \n \n \n \n Atalaya Mining Plc.\n \n \n \n (\"Atalaya\" or \"the Company\")\n \n \n \n 2022 Annual Results\n \n \n \n \n Steady operational performance and improved cost outlook expected for 2023\n \n \n \n \n \n \n \n \n Atalaya Mining Plc (AIM: ATYM) is pleased to announce its audited consolidated results for the year ended 31 December 2022 (\"FY2022\" or the \"Period\").\n \n \n \n Highlights\n \n \n \n ·\n Improved performance in Q4 2022 provides the basis for stronger 2023 outlook\n \n \n ‒\n Improved copper production of 14.0 kt at AISC of $3.12/lb Cu\n \n \n ‒\n EBITDA of €18.2 million despite elevated input costs\n \n \n ·\n FY2022 included good operational performance and satisfactory financial results when considering the many external challenges\n \n \n ‒\n Copper production of 52.3 kt, partially impacted by the logistics strike in Q1 2022\n \n \n ‒\n EBITDA of €55.3 million following a ~€64 million increase in annual electricity costs\n \n \n ‒\n Net cash remains strong at €53.1 million after a period of significant investment\n \n \n ·\n Final Dividend of $\n 0.0385 per ordinary share\n proposed, bringing Full Year Dividend to $\n 0.0745\n per ordinary share, consistent with dividend policy approved by the Company\n \n \n ·\n Investments in 2023 will continue to focus on growth, cost reductions and decarbonisation, including exploration, E-LIX Phase I and the 50 MW solar plant\n \n \n ·\n Improved performance is expected for 2023, due in part to lower forecast electricity prices\n \n \n ‒\n 2023 guidance: copper production of 53-55 kt at AISC of $3.00-3.20/lb Cu\n \n \n \n Q4 2022 and FY2022 Financial Results Summary\n \n \n \n \n \n \n \n \n Period ended 31 December\n \n \n \n \n \n \n \n \n \n \n \n \n \n Q4 2022\n \n \n \n \n \n Q4 2021\n \n \n \n \n \n FY2022\n \n \n \n \n \n FY2021\n \n \n \n \n \n \n Revenues from operations\n \n \n \n \n €k\n \n \n \n \n \n 99,893\n \n \n \n \n \n 101,452\n \n \n \n \n \n 361,846\n \n \n \n \n \n 405,717\n \n \n \n \n \n \n Operating costs\n \n \n \n \n €k\n \n \n \n \n \n (81,694)\n \n \n \n \n \n (50,549)\n \n \n \n \n \n (306,532)\n \...