Atico Mining Corp's Q2 sales rise 94%

Atico Mining

19/08/2025 21:41

Overview

Atico Mining Q2 sales rise 94% yr/yr to $21.1 mln, driven by strong metal prices

Net income for Q2 reaches $2.7 mln, reversing a loss from the previous year

Copper production drops 42% due to lower ore throughput and grades

Outlook

Atico expects gradual operational improvements to enhance financial results this year

Company plans continued development in higher-grade zones at El Roble

Atico conducting 6,000-meter drill program to extend El Roble mine life

Result Drivers

STRONG METAL PRICES - Increased concentrate sales and strong metal prices contributed to improved financial performance, per CEO Fernando E. Ganoza

LOWER PRODUCTION - Copper production decreased by 42% and gold by 16% due to lower ore throughput and grades

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
$21.10 mln
Q2 Net Income
$2.70 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the diversified mining peer group is "buy"

Wall Street's median 12-month price target for Atico Mining Corp is C$0.45, about 72.2% above its August 18 closing price of C$0.13

Press Release: ID:nGNX4FBwPP

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)