Atalaya Mining Plc (ATYM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to Atalaya Mining Second Quarter and H1 twenty twenty six Results. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session through the phone lines and instructions will follow at that time. I would like to remind all participants that this call is being recorded. I will now hand over to the CEO of Atalaya Mining, Alberto La Vandera, to open the presentation. Please go ahead. Good morning, ladies and gentlemen. Thanks, everybody, for being here. We are today, we announced the results, the Q2 and first half results for 2026, including the financial results. And I'm going to go through the through the highlights of this announcement. Let me first start with a review of of the results during this quarter. We had a good production quarter. We had announced that already. We produced 13,500 tons of of copper with all in sustaining cost of $2.79, which means we are maintaining our guidance and of both for cost and production. It was a good quarter. We generated a record quarterly EBITDA of €78,000,000, a record half of the year of €126,000,000, record free cash flow €58,000,000, so that's over 60,000,000. And, of course, we benefited from high copper prices, good silver credits, low treatment charges, and it was very good. And even with the some higher mining cost and processing cost due to inflation and to higher diesel prices, we had an excellent cash generation. This is extraordinary cash generation, meant that our balance sheet at the end of the quarter was excellent, and we ended up with a net cash position of 318 or €319,000,000, which is also again a new record. As a result of that, our board declared dividend, an interim dividend of of 5.5¢ euro cents per share, which i...