Business
Q2 and H1 2023 Financial Results
Q2 and H1 2023 Financial Results.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n\n\n10 August 2023\nAtalaya Mining Plc.\n(\"Atalaya\" and/or the \"Company\")\nQ2 and H1 2023 Financial Results\nStrong production, decreasing AISC and focus on organic growth\n \nAtalaya Mining Plc (AIM: ATYM) is pleased to announce its unaudited second quarter and first half financial results for the period ended 30 June 2023 (\"Q2 2023\" and \"H1 2023\" respectively) together with its unaudited condensed consolidated interim financial statements.\nHighlights\n· Strong copper production of 14.2 kt in Q2 2023, bringing H1 2023 total to 26.4 kt\n· Improved AISC of $2.89/lb Cu in Q2 2023 mainly due to lower electricity prices\n· FY2023 outlook on track: production of 53-55 kt copper at AISC of $3.00-3.20/lb\n· EBITDA of €15.7 million in Q2 2023 and €40.1 million in H1 2023 as improved cash costs offset lower copper prices\n· 2023 interim dividend of US$0.05 per ordinary share declared\n· Strong net cash position of €68.8 million supports ongoing investments in growth, cost reductions and decarbonisation initiatives\nQ2 and H1 2023 Financial Results Summary\n\n\n\n\nPeriod ended 30 June\n\n\nUnit \n\n\nQ2 2023\n\n\nQ2 2022\n\n\nH1 2023\n\n\nH1 2022\n\n\n\n\nRevenues from operations\n\n\n€k\n\n\n79,051\n\n\n93,418\n\n\n170,222\n\n\n179,669\n\n\n\n\nOperating costs\n\n\n€k\n\n\n(63,345)\n\n\n(78,749)\n\n\n(130,111)\n\n\n(138,288)\n\n\n\n\nEBITDA\n\n\n€k\n\n\n15,706\n\n\n14,669\n\n\n40,111\n\n\n41,381\n\n\n\n\nProfit for the period\n\n\n€k\n\n\n9,204\n\n\n11,849\n\n\n20,308\n\n\n30,106\n\n\n\n\nBasic earnings per share\n\n\n€ cents/share\n\n\n6.8\n\n\n8.6\n\n\n15.0\n\n\n22.1\n\n\n\n\nInterim dividend declared per share (1)\n\n\n$/share\n\n\nn/a\n\n\nn/a\n\n\n0.050\n\n\n0.036\n\n\n\n\n\n\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\n18,888\n\n\n(6,916)\n\n\n31,250\n\n\n21,382\n\n\n\n\nCash flows used in investing activities\n\n\n€k\n\n\n(7,929)\n\n\n(19,771)\n\n\n(16,740)\n\n\n(27,323)\n\n\n\n\nCash flows from financing activities\n\n\n€k\n\n\n(18,936)\n\n\n17,841\n\n\n(28,367)\n\n\n15,463\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet cash position (2)...