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Atico Mining Produces 3.34 Million Pounds of Cu and 2,156 Ounces of Au in First Quarter 2024
VANCOUVER, British Columbia, April 22, 2024 (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 22, 2024 (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, 2024 from its El Roble mine. Production for the quarter totaled 3.34 million pounds of copper and 2,156 ounces of gold in concentrates, an increase of 44% for copper and a decrease of 16% for gold, respectively, over the same period in 2023. “The El Roble mine operated in line with set expectations for this quarter as we improved on almost all metrics over the same period last year,” said Fernando E. Ganoza, CEO. “For the remainder of the year, the team will be focused on optimizing production to take advantage of the higher metal price environment and to deliver on this year’s set guidance. In parallel, we continue to drill new high-grade resources in the mine vicinity target areas. These new areas will be incorporated into our mine plan as well as the new resource update which is planned to be published imminently.” First Quarter Operational Highlights Production of 3.34 million pounds of copper contained in concentrates; an increase of 44% over Q1 2023. Production of 2,156 ounces of gold contained in concentrates; a decrease of 16% over Q1 2023. Average processed tonnes per day of 811, an increase of 9% over Q1 2023. Copper head grade of 2.51%, an increase of 34% over Q1 2023. Gold head grade of 1.64 grams per tonne; a decrease of 25% over Q1 2023. Copper and gold recovery of 91.8% and 62.1%; an increase of 3% for copper and 7% for gold, respectively, over Q1 2023. First Quarter Operational Details Q1 2024 Total Q1 2023 Total % Change Production (Contained in Concentrates) Copper (000s pounds) 3,338 2,319 44% Gold (ounces) 2,156 2,566 -16% Mine Tonnes of ore mined 64,873 60,568 7% Mill Tonnes processed 65,787 62,793 5% Tonnes processed per day 811 747 9% Copper grade (%) 2.51 1.88 34% Gold grade (g/t) 1.64 2.20 -25% Recoveries Copper (%) 91.8 89.2 3% Gold (%) 62.1 57.9 7% Concentrates Copper and Gold Concentrates (dmt) 8,274 5,813 42% Payable copper produced (000s lbs) 3,137 2,180 44% Note: Metal production figures are subject to adjustments based on final settlement. The report...