Business
Q3 and YTD 2022 Financial Results
Q3 and YTD 2022 Financial Results.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n \n \n \n 9 November 2022\n \n \n \n \n Atalaya Mining Plc.\n \n \n \n (\"Atalaya\" and/or the \"Group\")\n \n \n \n Q3 and YTD 2022 Financial Results\n \n \n \n \n Full year guidance reaffirmed and positive outlook for Q4 and beyond\n \n \n \n \n \n \n \n \n Atalaya Mining Plc (AIM: ATYM; TSX: AYM) is pleased to announce its third quarter and nine-month results for the period ended 30 September 2022 (\"Q3 2022\" or the \"Period\" and \"YTD 2022\" respectively) together with its Unaudited Interim Condensed Consolidated Financial Statements.\n \n \n The Unaudited Interim Condensed Consolidated Financial Statements for the period ended 30 September 2022 are also available under the Company's profile on SEDAR at\n \n \n www.sedar.com\n \n \n and on\n Atalaya's\n website at\n \n \n www.atalayamining.com\n \n \n .\n \n \n \n Highlights\n \n \n \n · \n Consistent quarter of production, supporting confidence in full year guidance\n \n \n · \n EBITDA of\n €37.1 million in YTD 2022 despite\n extremely high electricity prices and other input cost inflation, which resulted in EBITDA of negative €4.3 million in Q3 2022\n \n \n · \n Maintained a strong balance sheet with net cash of €55.6 million\n \n \n · \n Continued investments in growth, future cost reductions and decarbonisation via exploration programme, 50 MW solar plant and E-LIX Phase I project\n \n \n · \n Lower power prices post quarter end support positive outlook for Q4 2022 and into 2023 when new power purchase agreement and 50 MW solar plant are expected to materially lower costs\n \n \n \n Q3 and YTD 2022\n \n \n Financial Results Summary\n \n \n \n \n \n \n \n \n Period ended 30 September\n \n \n \n \n \n \n \n \n \n \n \n \n \n Q3 2022\n \n \n \n \n \n Q3 2021\n \n \n \n \n \n YTD 2022\n \n \n \n \n \n YTD 2021\n \n \n \n \n \n \n Revenues from operations\n \n \n \n \n €k\n \n \n \n \n \n 82,284\n \n \n \n \n \n 107,161\n \n \n \n \n \n 261,953\n \n \n \n \n \n 304,265\n \n \n \n \n \n \n Operating costs\n \n \n \n \n €k\n \n \n \n \n \n (86,550)\n \n \n \n \n \n (58,362)\n \n \n \n \n \n (224,838)\n \n \n \n \n \n (156,054)\n \n \n \n \n \n \n \n EBITDA\n \n \n \n \n \n \n €k\n \n \n \n \n \n \n (4,266)\n \n \n \n \n \n 48,799\n \n \n \n \n \n 37,115\n \n \n \n \n \n 148,211\n \n \n \n \n \n \n ...