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Atico Reports Consolidated Financial Results for Second Quarter of 2025
(All amounts expressed in US dollars, unless otherwise stated) VANCOUVER, British Columbia,...
About this update from Atico Mining Corporation
[{"type":"text","content":"Atico Reports Consolidated Financial Results for Second Quarter of 2025\n\n\n\n\n (All amounts expressed in US dollars, unless otherwise stated)\n \n\n\n VANCOUVER, British Columbia, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended June 30, 2025, posting income from mining operations of $4.5 million and a net income of $2.7 million for the quarter. Production for the quarter at Atico’s El Roble mine totaled 2.2 million pounds (“lbs”) of copper and 2,385 ounces (“oz”) of gold in concentrate at a cash cost\n \n (1)\n \n of $1.73 per payable pound of copper\n \n (2)\n \n .\n \n\n Fernando E. Ganoza, CEO and Director, commented, “During the period, production results, increased concentrate sales and strong metal prices led to improved financial performance. We anticipate gradual operational improvements will continue through the remainder of the year which should drive financial results.” Mr. Ganoza continued, “For the second half of the year, we will continue the planned development and preparation pace into the upper higher-grade zones at El Roble. In parallel, we are conducting a 6,000 meter near-mine drill program at El Roble to replenish resources and extend the mine's life.”\n \n\n\n\n Second Quarter Financial Highlights\n \n\n\n\n\n Sales for the quarter increased 94% to $21.1 million when compared with $10.9 million in Q2-2024. Copper (“Cu”) and gold (“Au”) accounted for 55% and 45% of the 7,842 (Q2-2024 – 5,603) dry metric tonnes (“DMT”) sold during Q2-2025.\n \n\n\n The average realized price per metal was $4.47 (Q2-2024 - $4.34) per pound of copper and $3,406 (Q2-2024 - $2,303) per ounce of gold.\n \n\n\n Net income for the quarter amounted to $2.7 million, compared with $0.4 million net loss for the comparative quarter of last year, while cash flows from operations, before changes in working capital, was $4.9 million (Q2-2024 – $2.5 million). Cash used for investing activities amounted to $5.4 million (Q2-2024 – $5.1 million).\n \n\n\n Ending working capital deficit was $13.7 million (December 31, 2024 – $11.3 million), while t...