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Atico Mining Produces 3.16 Million Pounds of Cu and 2,116 Ounces of Au in Second Quarter 2019
VANCOUVER, British Columbia, July 22, 2019 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) announces its opera
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 22, 2019 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) announces its operating results for the three months ended June 30, 2019 from its El Roble mine. Production for the quarter totaled 3.16 million pounds of copper and 2,116 ounces of gold in concentrates, a decrease of 40% for copper and 18% for gold, respectively, over the same period in 2018. “During the second quarter, the effects of the El Roble mine strike were evident in our results as they continued to limit our ability to reach operational objectives for the quarter,” said Fernando E. Ganoza, CEO. “Now that the operation is back to steady state levels, we will strive to achieve our adjusted guidance for the year as we continue our aggressive drill campaign on the 6,300-ha land package.” Second Quarter Operational Highlights Production of 3.16 million pounds of copper contained in concentrates; a decrease of 40% over Q2 2018. Production of 2,116 ounces of gold contained in concentrates; a decrease of 18% over Q2 2018. Average processed tonnes per day of 839, an increase of 6% over Q2 2018. Copper head grade of 3.28%, a decrease of 13% over Q2 2018. Gold head grade of 2.34 grams per tonne; an increase of 16% over Q2 2018. Copper and gold recovery of 91.7% and 58.4%; a decrease of 2% for both copper and gold over Q2 2018. Second Quarter Operational Details Q2 2019 Total Q2 2018 Total % Change Production (Contained in Concentrates) Copper (000s pounds) 3,157 5,220 -40% Gold (ounces) 2,116 2,596 -18% Mine Tonnes of ore mined 47,321 67,255 -29% Mill Tonnes processed 47,534 67,308 -30% Tonnes processed per day 839 792 6% Copper grade (%) 3.28 3.76 -13% Gold grade (g/t) 2.34 2.02 16% Recoveries Copper (%) 91.7 93.7 -2% Gold (%) 58.4 59.5 -2% Concentrates Copper and Gold Concentrates (dmt) 6,561 10,717 40% Payable copper produced (000s lbs) 2,999 4,960&...