Slide 1: European copper producer with operations in Spain
European copper producer with operations in Spain Q2 and H1 2026 Financial Results 11 August 2026
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by Atalaya Mining (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give
Slide 3: Disclaimer: Technical Disclosure
Disclaimer: Technical Disclosure Technical Disclosure – Proyecto Riotinto Mineral Resources and Ore Reserves for the Cerro Colorado and San Dionisio deposits (stockwork material) are effective 30 June 2025 and were prepared by SRK Consulting (UK) Limited. The Reporting Standard adopted for reporting
Slide 4: Q2 and H1 2026 Financial Results
Q2 and H1 2026 Financial Results
Slide 5: Review of Q2 and H1 2026
Review of Q2 and H1 2026 Atalaya generated record quarterly and half year EBITDA ‒ Copper production of 13.5 kt in Q2 2026 and 23.4 kt in H1 2026 ‒ AISC of US$2.79/lb in Q2 2026 and US$2.97/lb in H1 2026, representing strong performance Operating despite the cost impact of the Middle East conflicts
Slide 6: Q2 2026 Production Results
Q2 2026 Production Results Strong quarter of production Copper production Ore Throughput (Mt) 13,493 tonnes Cu 13,175 tonnes Cu | Q2 2025 Throughput & recoveries 4.1 Mt ore processed 0.39% Cu grade Copper Recovery 4.0 Mt | Q2 2025 0.43% | Q2 2025 83.91% Cu recovery 16.63% con. grade 76.75% | Q2 2025
Slide 7: Q2 2026 Financial Results
Q2 2026 Financial Results Record quarterly EBITDA and Free Cash Flow Income statement highlights Revenues (€m) Revenue: €147.4m Op. costs: €(69.3)m €124.1m | Q2 2025 €(69.0)m | Q2 2025 EBITDA: €78.2m Profits: €55.7m €55.1m | Q2 2025 €29.6m | Q2 2025 Cash flow statement highlights EBITDA (€m) Operati
Slide 8: H1 2026 Financial Results
H1 2026 Financial Results Record half year EBITDA and Free Cash Flow Income statement highlights Revenue: €264.7m Op. costs: €(138.5)m €254.8m | H1 2025 €(147.2)m | H1 2025 EBITDA: €126.2m Profits: €84.0m €107.6m | H1 2025 €60.1m | H1 2025 Cash flow statement highlights Operating CF: Investing CF: €
Slide 9: Cash Costs & AISC Breakdown
Cash Costs & AISC Breakdown Stable cost performance despite external cost pressures US$/lb Copper Payable Q2 2026 Q2 2025 H1 2026 FY2025 ▪ Good cost performance in Q2 Mining 1.21 0.88 1.25 1.01 and H1 2026 Processing 0.81 0.77 0.94 0.85 ▪ Despite higher Other site operating costs 0.69 0.69 0.79 0.67
Slide 10: AISC Benchmarking
AISC Benchmarking ATYM cost positioning is competitive vs. notable copper producer peers Reported AISC (US$/lb) Atalaya 29Metals Capstone First Quantum Constancia Copper Mountain Candelaria Caserones Neves-Corvo Lumwana Zaldívar (Hudbay) (now Hudbay) (Lundin) (Lundin) (now Boliden) (Barrick) (Antofa
Slide 11: 2026 Guidance
2026 Guidance Production, Cash Costs and AISC guidance are maintained Operational Guidance ▪ Production Ore mined Mt 15.5 – 16.0 ‒ Demonstrated solid production in Q2 2026 ‒ Maintaining prior guidance, Waste mined (1) Mt 38 – 44 with production expected at the low end of the guidance ranges (copper:
Slide 12: 2026 Interim Dividend
2026 Interim Dividend Atalaya Dividend Policy 2026 Interim Dividend ▪ Seeks to provide capital returns to shareholders ▪ €0.055 per ordinary share ‒ Equivalent to ~US$0.064 ▪ Allows for continued investments in Atalaya’s ‒ Equivalent to ~£0.047 portfolio of growth projects ▪ Compares to 2025 interim
Slide 13: Strategic Focus
ATALAYA MINING > Strategic Focus
Slide 14: Development Pipeline
Development Pipeline Continued focus on Touro and various projects at Riotinto San Riotinto Dionisio polymetallic circuit Proyecto Proyecto Masa Valverde Touro 14
Slide 15: Atalaya's Growth Objectives
Atalaya’s Growth Objectives Portfolio of growth projects provide a pathway up to 100 ktpa CuEq production Annual Copper Equivalent Production (kt)(1)(2)(3) Masa Valverde polymetallic Riotinto East San Dionisio Copper Ossa Morena (4) Masa Valverde Copper Riotinto polymetallic MPS earn-in Copper | Zin
Slide 16: Appendix
ATALAYA MINING > Appendix
Slide 17: Key Information
Key Information Capitalisation Share Price Performance (GBp) Ticker - LSE: Main Market ATYM Share price (06-Aug-26) GBp 954.0 Basic shares m 153.8 Fully-diluted shares m 160.5 Market capitalisation (basic) £m 1,467 Market capitalisation (basic) US$m $1,973 Cash (at 30-Jun) €m 350 Debt (at 30-Jun) €m
Slide 18: Electricity Prices in Spain
Electricity Prices in Spain Stability has returned to market electricity prices Spot Market + Adjustment in Spanish System (€/MWh)(1)(2) 1. Source: OMI, Polo Español S.A. (OMIE), day-ahead operations program 2. Since 15-Jun-2022, includes daily adjustment mechanism related to legislated gas cap 18
Slide 19: Riotinto Solar Plant
Riotinto Solar Plant Reducing Atalaya’s carbon footprint and processing costs February 2025 Electricity Sources(1) 1. Upon completion of solar plant’s 2nd phase 19
Slide 20: Reserves and Resources
Reserves and Resources Attributable Grade Contained Metal Contained Metal Asset Ownership Tonnage Cu Zn Pb Au Ag Cu Zn Pb Au Ag CuEq Cu CuEq Notes Mt g/t g/t Mt Mt Mt Moz Moz Mt Mt Mt Cerro Colorado & San Dionisio O/P Cu 100% Reserves 132.0 0.40% - - - - 0.5 - - - - 0.5 0.5 0.5 Reserves at 0.16% Cu
Slide 21: Senior Management
Senior Management Decades of operations, project development and financial expertise Alberto César Fernando Fernando Lavandeira Sánchez Araúz de Robles Díaz Riopa Chief Executive Officer, Chief Financial Officer General Manager, General Manager, Director Proyecto Riotinto Proyecto Touro Over 40 year
Slide 22: Board of Directors
Board of Directors Mining, capital markets, sustainability and finance expertise Non-Executive Over 30 years’ experience investing in mining and oil and gas companies. From 2010-2020, was a Managing Director at J.P. Neil Chair of the Morgan Asset Management. Before that, from 1990-2009, was Head of
Slide 23: Atalaya Mining Copper, S.A. Investor Relations
Contacts: Atalaya Mining Copper, S.A. Alberto Lavandeira, CEO +34 959 59 28 50 info@atalayamining.com Investor Relations Michael Rechsteiner michael.rechsteiner@atalayamining.com