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Atico Mining Produces 3.80 Million Pounds of Cu and 2,537 Ounces of Au in Q3 2023
VANCOUVER, British Columbia, Oct. 16, 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, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended September 30, 2023 from its El Roble mine. Production for the quarter totaled 3.80 million pounds of copper and 2,537 ounces of gold in concentrates. “Production results for the period have significantly improved when compared to the first two quarters of the year as the overall operational steady state-run rate was again achieved. We anticipate stronger results to continue throughout the remainder of the year as we get back on track to deliver our 2023 production guidance” said Fernando E. Ganoza, CEO. “For the fourth quarter, we continue looking for opportunities to improve metal production and at the same time aggressively drill testing target areas in proximity to our mine. Throughout the year we have seen encouraging results in these areas and anticipate further success in the months to come.” Third Quarter Operational Highlights Production of 3.80 million pounds of copper contained in concentrates; no significant change over Q3 2022. Production of 2,537 ounces of gold contained in concentrates; a decrease of 7% over Q3 2022. Average processed tonnes per day of 888, an increase of 13% over Q3 2022. Copper head grade of 2.48%, a decrease of 21% Q3 2022. Gold head grade of 1.75 grams per tonne; a decrease of 23% over Q3 2022. Copper and gold recovery of 93.0% and 60.5%; an increase of 2% for copper and a decrease of 3% for gold, respectively over Q3 2022. Third Quarter Operational Details Q3 2023 Q3 2022 % Change Production (Contained in Concentrates) Copper (000s pounds) 3,794 3,753 1 % Gold (ounces) 2,537 2,724 -7 % Mine Tonnes of ore mined 77,947 66,245 17 % Mill Tonnes processed 74,580 59,689 25 % Tonnes processed per day 888 786 13 % Copper grade (%) 2.48 3.12 -21 % Gold grade (g/t) 1.75 2.28 -23 % Recoveries Copper (%) 93.0 91.5 2 % Gold (%) 60.5 62.0 -3 % Concentrates Copper and Gold Concentrates (dmt) 9,341 9,048 3 % Payable copper produced (000s lbs) 3,567 3,525 1 % Note: Metal production figures are subject to adjustments based on final settlement. Concentrate Inventory The numbe...