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Atico Mining Produces 2.80 Million Pounds of Cu and 2,294 Ounces of Au in Second Quarter 2023
VANCOUVER, British Columbia, July 27, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces its ope
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 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 June 30, 2023 from its El Roble mine. Production for the quarter totaled 2.80 million pounds of copper and 2,294 ounces of gold in concentrates, a decrease of 22% for copper and 18% for gold, over the same period in 2022. “The El Roble mine continued to show improvement for the period in terms of both processed tones and increase in head grades over the previous quarter. The processing plant is again reaching steady state levels of 900 tonnes per day while the mine continues to transition back into higher grade areas. We anticipate further improvement in overall production results and metal output for the second half of the year,” said Fernando E. Ganoza, CEO. “For the remainder of the year we will continue our strong focus towards mine vicinity exploration at the El Roble mine, looking to build on the success of the recent drill results in the historic areas of the deposit.” Second Quarter Operational Highlights Production of 2.80 million pounds of copper contained in concentrates; a decrease of 22% over Q2 2022. Production of 2,294 ounces of gold contained in concentrates; a decrease of 18% over Q2 2022. Average processed tonnes per day of 800, a decrease of 10% over Q2 2022. Copper head grade of 2.04%, a decrease of 36% over Q2 2022. Gold head grade of 1.78 grams per tonne; a decrease of 28% over Q2 2022. Copper and gold recovery of 91.1% and 58.7%; no significant change for copper and a decrease of 7% gold over Q2 2022. Second Quarter Operational Details Q2 2023 Total Q2 2022 Total % Change Production (Contained in Concentrates) Copper (000s pounds) 2,804 3,591 -22% Gold (ounces) 2,294 2,811 -18% Mine Tonnes of ore mined 72,340 61,667 17% Mill Tonnes processed 68,471 56,172 22% Tonnes processed per day 800 889 -10% Copper grade (%) 2.04 3.17 -36% Gold grade (g/t) 1.78 ...