Business
Q3 2021 Financial Results
Q3 2021 Financial Results.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n \n \n \n RNS Number : 7522S\n Atalaya Mining PLC\n 18 November 2021\n \n \n \n \n 18 November 2021\n \n \n Atalaya Mining Plc.\n \n \n (\"Atalaya\" and/or the \"Company\")\n \n \n Q3 2021 Financial Results\n \n \n \n \n \n Atalaya Mining Plc (AIM: ATYM; TSX: AYM), is pleased to announce its quarterly and nine-month results for the period ended 30 September 2021 (\"Q3 2021\" and \"YTD 2021\" respectively), together with its unaudited interim condensed consolidated financial statements for the year to date.\n \n \n The Unaudited Interim Condensed Consolidated Financial Statements for the three and nine months ended 30 September 2021 are also available under the Company´s profile on SEDAR at \n \n www.sedar.com\n \n and on Atalaya`s website at \n \n www.atalayamining.com\n \n .\n \n \n YTD Financial Highlights\n \n \n · \n EBITDA increased to €148.2 million in YTD 2021 (YTD 2020: €44.4 million) and cash flows from operating activities increased to €129.2 million for YTD 2021 (YTD 2020: €41.8 million) as a result of robust operational performance at Proyecto Riotinto and strong copper prices.\n \n \n · \n Following the increased 2021 production guidance as announced on 13 October 2021, the Company is also updating its 2021 cost guidance, with cash costs now expected to be in the range of US$2.15/lb - US$2.25/lb and AISC now expected to be at the low end of the previous guidance range of US$2.50/lb - US$2.65/lb.\n \n \n · \n Total cash as at 30 September 2021 was €140.9 million (including restricted cash of €15.4 million), up from €37.8 million as at 31 December 2020. Atalaya maintains a strong balance sheet with net cash of €88.9 million as at 30 September 2021.\n \n \n · \n On 27 October 2021,\n \n the Board of Directors declared an Inaugural Dividend of US$0.395 per ordinary share, equivalent to \n £\n 0.294 per share or €0.345 per share.\n \n \n \n \n \n \n \n \n Quarter ended 30 September\n \n \n \n \n \n \n \n \n \n \n \n Q3 2021\n \n \n \n \n Q3 2020\n \n \n \n \n \n \n \n \n \n \n \n Nine months ended\n \n \n 30 Sep 2021\n \n \n \n \n Nine months ended\n \n \n 30 Sep 2020\n \n \n \n \n \n \n Revenues from operations\n \n \n \n \n €k\n \n \n \n \n 107,161\n \n \n \n \n 65,836\n \n \n \n \n \n \n \n \n \n \n \n 304,265\n \n \n \n \n 183,569\n \n \n \n \n \n \n Operating costs\n \n \n \n \n €k\n ...