Business
2024 Annual General Meeting Statement
2024 Annual General Meeting Statement.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n\n \n27 June 2024\nAtalaya Mining Plc.\n(\"Atalaya\" or \"the Company\")\n2024 Annual General Meeting Statement\n \nAtalaya Mining Plc (LSE: ATYM) is hosting its 2024 Annual General Meeting (\"AGM\") today at 11.00 a.m. BST at Hamilton House, 1 Temple Avenue, London, England EC4Y 0HA. At the AGM, Roger Davey, non-executive Chair of the Company, will read the below statement.\nShareholders should note that the statement was contained in the Company's 2023 Annual Report, therefore certain language may no longer reflect current circumstances or Company guidance.\nLetter from the Chair from Atalaya's 2023 Annual Report\n\"Dear Shareholder,\nDespite the effects of the continuing external geopolitical tensions, the Atalaya executive team have, once more, delivered consistent operational performance, in a safe and environmentally responsible manner, at Proyecto Riotinto. At the same time, work has continued on the asset portfolio for operational sustainability and the continued growth potential for the company.\nAt Riotinto, mining and processing continued its excellent track record, with throughput again exceeding plant nameplate capacity, processing 15.8 million tonnes of ore at an average process plant feed grade of 0.38% copper that was consistent with reserve estimates and slightly below budgeted figures.\nContained Copper production, at 51,667 tonnes was slightly below guidance as a result of lower grades but this was partly offset by high plant availability and ore throughput plus an improved recovery rate of approximately 87%.\nCash Costs and All-in Sustaining Costs for 2023 of $2.79/lb and $3.09/lb respectively were lower than the $3.16/lb and $3.37/lb in 2022 mainly due to the continuing normalisation of the electricity price and other external cost pressures.\nRevenue for 2023 was €340.3 million, compared to €361.8 million in 2022, with the reduction essentially due to the lower production volumes. EBITDA for 2023 was €73.1 million, compared to €55.3 million in 2022 with the increase mainly due to the reduction in costs, spearheaded by a decrease in the electricity prices.\nIn keeping with our dividend policy, a final dividend of US$0.04 per share has been proposed for approval by shareholders at the Annual General Meeting. This would give a total dividend in respect of 2023 of US$0.09 per share...