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Atico Mining Produces 2.32 Million Pounds of Cu and 2,566 Ounces of Au in First Quarter 2023 and Resumes Full Operations at El Roble
VANCOUVER, British Columbia, April 27, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces its op
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, April 27, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended March 31, 2022 from its El Roble mine. Production for the quarter totaled 2.32 million pounds of copper and 2,566 ounces of gold in concentrates, a decrease of 51% and 3% for copper and gold, respectively, over the same period in 2022. “At the El Roble mine we had a lower than usual copper head grade and output for the quarter as the mine plan called for transitioning through the lower grade areas of the deposit. The team anticipates that the operation will be moving back into higher copper grades during the second quarter and remain in these areas moving forward,” said Fernando E. Ganoza, CEO. “For the remainder of the year, the operation is projected to make up for lower first quarter production and deliver on this year’s set guidance. In parallel, we continue to make progress on the mine vicinity drilling with the goal to find additional reserves and resources.” First Quarter Operational Highlights Production of 2.32 million pounds of copper contained in concentrates; a decrease of 51% over Q1 2022. Production of 2,566 ounces of gold contained in concentrates; a decrease of 3% over Q1 2022. Average processed tonnes per day of 747, a decrease of 10% over Q1 2022. Copper head grade of 1.88%, a decrease of 47% over Q1 2022. Gold head grade of 2.20 grams per tonne; an increase of 6% over Q1 2022. Copper and gold recovery of 89.2% and 57.9%; a decrease of 3% for copper and gold over Q1 2022. First Quarter Operational Details Q1 2023 Total Q1 2022 Total % Change Production (Contained in Concentrates) Copper (000s pounds) 2,319 4,731 -51% Gold (ounces) 2,566 2,636 -3% Mine Tonnes of ore mined 60,568 66,594 -9% Mill Tonnes processed 62,793 65,844 -5% Tonnes processed per day 747 826 -10% Copper grade (%) 1.88 3.55 -47% Gold grade (g/t) 2.20 2.08 6% Recoveries Copper (%) 89.2 91.8 -3% Gold (%) 57.9 59.7 -3% Concentrates Copper and Gold Concentrates (dmt) 5,813 10,719 -46% Payable copper produced (000s lbs) 2,180 4,576 -52% Note: Metal production figures are subject to adjustments based on final se...