Business
Q1 2023 Financial Results
Q1 2023 Financial Results.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n\nAtalaya Mining Plc\n1 Lampousas Street\n1095 Nicosia, Cyprus\nTel: +357 22442705\nFax: +357 22442708\nwww.atalayamining.com\n \n15 May 2023\nAtalaya Mining Plc.\n(\"Atalaya\" or \"the Company\")\nQ1 2023 Financial Results\nPositive start to 2023 supports optimism for full year production and costs\n \nAtalaya Mining Plc (AIM: ATYM) is pleased to announce its unaudited quarterly results for the three months ended 31 March 2023 (\"Q1 2023\" or \"Period\"), together with its unaudited interim financial statements for Q1 2023.\nHighlights\n· Positive financial performance including EBITDA of €24.4 million\n· Copper production of 12.1 kt at AISC of $3.12/lb Cu, despite the decision to bring forward plant maintenance activities into Q1 2023\n· The publication of the new Riotinto PEA and grant of environmental permits at Masa Valverde reinforce Atalaya's optionality and growth potential in the Riotinto District\n· Continued investments made in growth, cost reductions and decarbonisation, including exploration, E-LIX Phase I and the 50 MW solar plant\n· Balance sheet remains strong with net cash of €55.3 million\n· On track to meet full year 2023 outlook due to steady operational performance and improved electricity prices\nQ1 2023 Financial Results Summary\n\n\n\n\nPeriod ended 31 March\n\n\n \n\n\nQ1 2023\n\n\nQ1 2022\n\n\n\n\nRevenues from operations\n\n\n€k\n\n\n91,171\n\n\n86,251\n\n\n\n\nOperating costs\n\n\n€k\n\n\n(66,766)\n\n\n(59,539)\n\n\n\n\nEBITDA\n\n\n€k\n\n\n24,405\n\n\n26,712\n\n\n\n\nProfit for the Period\n\n\n€k\n\n\n11,104\n\n\n18,257\n\n\n\n\nBasic earnings per share\n\n\n€ cents/share\n\n\n8.1\n\n\n13.5\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nCash flows from operating activities\n\n\n€k\n\n\n12,362\n\n\n28,298\n\n\n\n\nCash flows used in investing activities\n\n\n€k\n\n\n(8,811)\n\n\n(7,552)\n\n\n\n\nCash flows from financing activities\n\n\n€k\n\n\n(9,431)\n\n\n(2,378)\n\n\n\n\n\n\n\n\n\n\n \n\n\n \n\n\n\n\nNet Cash position (1)\n\n\n€k\n\n\n55,263\n\n\n86,836\n\n\n\n\nWorking capital surplus\n\n\n€k\n\n\n85,336\n\n\n120,124\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nAverage realised copper price\n(excluding QPs closed in the Period)\n\n\nUS$/lb\n\n\n4.00\n\n\n4.50\n\n\n\n\...