Business
Atico Produces 5.71 Million Pounds of Cu and 3,320 Ounces of Au in Third Quarter 2019
VANCOUVER, British Columbia, Oct. 21, 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, Oct. 21, 2019 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) announces its operating results for the three months ended September 30, 2019 from its El Roble mine. Production for the quarter totaled 5.71 million pounds of copper and 3,320 ounces of gold in concentrates, an increase of 7% for copper and 10% for gold, respectively, over the same period in 2018. “We are pleased to report a strong quarter of metal production at the El Roble mine, as the operation is back to the steady state rate,” said Fernando E. Ganoza, CEO. “For remainder of the year, we will continue working towards achieving our adjusted annual guidance and executing the aggressive exploration drilling program at the El Roble property looking for additional mineralization both regionally and at mine vicinity.” Third Quarter Operational Highlights Production of 5.71 million pounds of copper contained in concentrates; an increase of 7% over Q3 2018. Production of 3,320 ounces of gold contained in concentrates; an increase of 10% over Q3 2018. Average processed tonnes per day of 863, an increase of 3% over Q3 2018. Copper head grade of 3.66%, no significant change over Q3 2018. Gold head grade of 2.34 grams per tonne; an increase of 8% over Q3 2018. Copper and gold recovery of 92.5% and 58.0%; no significant change for copper and a decrease of 3% gold over Q3 2018. Third Quarter Operational Details Q3 2019Total Q3 2018Total % Change Production (Contained in Concentrates) Copper (000s pounds) 5,712 5,358 7% Gold (ounces) 3,320 3,010 10% Mine Tonnes of ore mined 74,462 70,652 5% Mill Tonnes processed 76,532 71,760 7% Tonnes processed per day 863 837 3% Copper grade (%) 3.66 3.63 1% Gold grade (g/t) 2.34 2.17 8% Recoveries Copper (%) 92.5 93.4 -1% Gold (%) 58.0 60.3 -3% Concentrates Copper and Gold Concentrates (dmt) 11,757 10,877 8% Payable copper produced (000s lbs) 5,426 5,105 6% Note: Metal production figures are subject to adjustments based on final settlement. El Roble Mine The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 850 tonnes per day, located in the Department of Choco in Colomb...