Business
Q2 2023 Operations Update
Q2 2023 Operations Update.
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 \n12 July 2023\nAtalaya Mining Plc.\n(\"Atalaya\" or \"the Company\")\nQ2 2023 Operations Update\nStrong quarter of production supports confidence in full year guidance\n \nAtalaya Mining Plc (AIM: ATYM, TSX: AYM) is pleased to announce its operations update for the second quarter of 2023 (\"Q2 2023\" or the \"Period\").\nProyecto Riotinto Operating Highlights\n\n\n\n\n\n\n\n\n\n\nQ2\n\n\nQ1\n\n\nFull Year\n\n\n\n\n\n\n\n\n\n\n2023(1)\n\n\n2022\n\n\n2023\n\n\n2023 Guidance\n\n\n\n\nOre mined\n\n\n(M tonnes)\n\n\n3.9\n\n\n3.6\n\n\n3.4\n\n\n17.1\n\n\n\n\nWaste mined\n\n\n(M tonnes)\n\n\n8.6\n\n\n6.7\n\n\n6.5\n\n\n24.1\n\n\n\n\nOre milled\n\n\n(M tonnes)\n\n\n4.1\n\n\n4.0\n\n\n3.7\n\n\n15.3 - 15.8\n\n\n\n\nCu grade\n\n\n(%)\n\n\n0.40\n\n\n0.39\n\n\n0.38\n\n\n0.40 - 0.42\n\n\n\n\nCu recovery\n\n\n(%)\n\n\n87.18\n\n\n86.44\n\n\n86.88\n\n\n85 - 86(2)\n\n\n\n\nCu production\n\n\n(tonnes)\n\n\n14,212\n\n\n13,386\n\n\n12,139\n\n\n53,000 - 55,000\n\n\n\n\n(1) Figures for Q2 2023 are preliminary and final figures will be released with Q2 2023 financial results.\n(2) Represents updated guidance range for copper recovery.\nMining\nOre mined was 3.9 million tonnes in Q2 2023 (Q2 2022: 3.6 million tonnes), compared with 3.4 million tonnes in Q1 2023.\nWaste mined was 8.6 million tonnes in Q2 2023 (Q2 2022: 6.7 million tonnes), compared with 6.5 million tonnes in Q1 2023. Waste mining during the Period was consistent with budget and includes increased waste stripping at Cerro Colorado in anticipation of the potential start of mining activities at San Dionisio in late 2023. \nProcessing\nThe plant processed ore of 4.1 million tonnes during Q2 2023 (Q2 2022: 4.0 million tonnes), compared with 3.7 million tonnes in Q1 2023. Throughput rates during the Period reflected strong mill performance following the prior rescheduling of plant maintenance activities into Q1 2023.\nCopper grade was 0.40% in Q2 2023 (Q2 2022: 0.39%), compared with 0.38% in Q1 2023.\nCopper recoveries in Q2 2023 were 87.18% (Q2 2022: 86.44%), compared with 86.88% in Q1 2023, as a result of favourable ore characteristics during the Period.\nProduction\nCopper production was 14,212 tonnes in Q2 2023 (Q2 2022: 13,...