Business
Q2 and H1 2024 Financial Results
Q2 and H1 2024 Financial Results.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n\n \n14 August 2024\nAtalaya Mining Plc.\n(\"Atalaya\" or \"the Company\")\nQ2 and H1 2024 Financial Results\nGood financial performance and further progress at key growth projects\n \nAtalaya Mining Plc (LSE: ATYM) is pleased to announce its unaudited second quarter and first half financial results for the period ended 30 June 2024 (\"Q2 2024\" and \"H1 2024\" respectively) together with its unaudited interim condensed consolidated financial statements.\nHighlights\n· Copper production of 11.6 kt in Q2 2024 and 22.2 kt in H1 2024, with increased grades and strong plant performance expected in H2 2024\n· AISC of $3.20/lb Cu in Q2 2024 and $3.19/lb in H1 2024, despite lower grades\n· EBITDA of €26.4 million in Q2 2024 and €36.7 million in H1 2024, benefitting from higher copper prices and good cost control in H1 2024\n· Strong balance sheet to support the advancement of key growth projects, including San Dionisio, Proyecto Touro and Proyecto Masa Valverde\n· 2024 interim dividend of US$0.04 per ordinary share declared\n· Continued to progress the re-domiciliation to Spain which is expected to be completed in Q4 2024, following move to the Main Market in April 2024\nQ2 and H1 2024 Financial Results Summary\n\n\n\n\nPeriod ended 30 June\n\n\nUnit\n\n\nQ2 2024\n\n\nQ2 2023\n\n\nH1 2024\n\n\nH1 2023\n\n\n\n\nRevenues from operations\n\n\n€k\n\n\n92,208\n\n\n78,223\n\n\n162,146\n\n\n169,394\n\n\n\n\nOperating costs\n\n\n€k\n\n\n(65,781)\n\n\n(62,517)\n\n\n(125,468)\n\n\n(129,283)\n\n\n\n\nEBITDA\n\n\n€k\n\n\n26,427\n\n\n15,706\n\n\n36,678\n\n\n40,111\n\n\n\n\nProfit for the period\n\n\n€k\n\n\n14,520\n\n\n9,204\n\n\n16,147\n\n\n20,308\n\n\n\n\nBasic earnings per share\n\n\n€ cents/share\n\n\n10.8\n\n\n6.8\n\n\n12.2\n\n\n15.0\n\n\n\n\nInterim dividend declared per share(1)\n\n\n $/share\n\n\nn/a \n\n\nn/a \n\n\n0.04\n\n\n0.05 \n\n\n\n\nCash flows from operating activities\n\n\n€k\n\n\n30,126\n\n\n18,888\n\n\n28,389\n\n\n31,250\n\n\n\n\nCash flows used in investing activities\n\n\n€k\n\n\n(17,054)\n\n\n(7,929)\n\n\n(34,931)\n\n\n(16,740)\n\n\n\n\nCash flows from financing activities\n\n\n€k\n\n\n(18,862)\n\n\n(18,936)\n\n\n(35,6...