Business
3rd Quarter Results
3rd Quarter Results.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n \nRNS Number : 1347I Atalaya Mining PLC 22 November 2018 \n\n22 November 2018\nAtalaya Mining Plc.\n(\"Atalaya\" and/or the \"Group\")\nInterim Financial Statements for the three and nine month period ended 30 September 2018\n Unaudited, Condensed, Interim, Consolidated Financial Statements\n \nAtalaya Mining Plc (AIM: ATYM; TSX: AYM), the European mining and development company, is pleased to announce its unaudited quarterly results for the three and nine months ended 30 September 2018, together with the unaudited, condensed, interim consolidated financial statements.\nIn particular, the Group has increased its 2018 guidance due to the operating improvements delivered during the nine months ended 30 September 2018, outlined in detail below.\nContained copper production is expected to be between 39,000 tonnes and 41,000 tonnes (previous guidance of 37,000 to 40,000 tonnes) owing to a combination of improved recoveries, ore grade and throughput. Cash costs and All-in sustaining costs (\"AISC\") are also revised and are now expected to be within $1.95-$2.10 and $2.25-$2.40 per pound of copper, respectively (previously estimated to be in the range of $2.50/lb - $2.60/lb).\nOperating Highlights\nProyecto Riotinto\n· Copper production during the three months ended 30 September 2018 (\"Q3 2018\") was 11,055 tonnes, 4% higher than the 10,679 tonnes produced during the three months ended 30 September 2017 (\"Q3 2017\"). Copper production at Proyecto Riotinto during Q3 2018 replaces Q2 2018 as the highest quarterly production on record. During the nine month period ended 30 September 2018 copper production was 30,942 tonnes compared with 28,542 tonnes during the same period in 2017, an 8% increase.\n· Ore processed during Q3 2018 was 2,491,403 tonnes compared with 2,173,826 tonnes in Q3 2017. During the nine month period ended 30 September 2018 ore processed was 7,188,747 tonnes compared with 6,525,032 tonnes processed in the same period last year.\n· Copper recovery during the Q3 2018 was 88.40% (Q3 2017: 85.95%). Copper recovery for the nine month period ended 30 September 2018 averaged 88.06% representing an improvement over 85.22% during the same period in 2017.\nExpansion to 15Mtpa at Proyecto Riotinto\n· &nb...