Canada's Atico Mining Q2 posts net loss on lower gold output

Atico Mining

18/08/2026 21:39

Overview
Canada copper-gold miner's Q2 revenue fell 18% yr/yr
Company posted Q2 net loss, compared to net income in prior yr
Lower gold output and stronger Colombian peso increased costs and impacted earnings

Outlook
Atico expects to resolve operational bottlenecks and deliver improvements in coming quarters

Result Drivers
LOWER GOLD OUTPUT - Co said a temporary decrease in gold output reduced by-product credits and impacted earnings
CURRENCY IMPACT - Strengthening of Colombian peso against USD increased production costs, per co
OPERATIONAL BOTTLENECKS - Co said mine development delays and operational bottlenecks temporarily delayed primary objectives

Company press release: ID:nGNX8z0Y5c

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
$17.40 mln
 
Q2 Net Loss
 
$200,000
 

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$0.60, about 130.8% above its August 17 closing price of C$0.26
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago

Reuters Recommended Reads
Aug 17 - Canada's Luca Mining Q2 revenue rises 47% on metal prices
Aug 18 - Canadian miner NexGen Energy holds talks with BHP as it seeks $1 billion for uranium project 
Aug 18 - BHP profit tops estimates as copper powers growth, to pay highest dividend in 4 years

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)