Atico Mining Corp. and Toachi Mining Inc. are pleased to announce that they have entered into a definitive agreement today, whereby Atico will acquire all of the issued and outstanding shares of Toachi pursuant to a plan of arrangement to create a new Latin American focused copper-gold Company. Under the terms of the Agreement, all of the Toachi issued and outstanding common shares will be exchanged on the basis of [...]
Atico Mining Corp. today announced its financial results for the three months ended March 31, 2019, posting income from mining operations of $5.7 million and a net income of $2.7 million. Fernando E. Ganoza, CEO and Director, commented, “During the quarter we underwent a union negotiation which resulted in a strike significantly impacting our results for the period. This event negatively affected our production [...]
Atico Mining announces that pursuant to the Company's stock option plan, 2,200,000 incentive stock options exercisable at $0.285 per share for a period of five years have been granted to directors, officers, employees and consultants of the Company. About Atico Mining Corporation Atico is a growth-oriented company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company operates [...]
Atico Mining Corp. today announced its financial results for the year ended December 31, 2018, posting income from mining operations of $12.8 million and a net income of $3.4 million. Production for the year at Atico’s El Roble mine totaled 21.9 million pounds of copper and 11,344 ounces of gold in concentrate at as cash cost of $1.49 per payable pound of copper. Fernando E. Ganoza, CEO and Director, commented, "We [...]
Atico Mining Corp. is pleased to announce the end of the labor strike at its El Roble mine in Colombia. The Company has resumed all operations and re-initiated its diamond drill exploration program on the 6,300-ha land package. It is expected that operations will reach normal levels within the following hours. Throughout the remainder of the year, the Company will make every operational effort to make up for as much lost [...]
Atico Mining Corp. announces its operating results for the three months ended March 31, 2019 from its El Roble mine. Production for the quarter totaled 2.36 million pounds of copper and 1,552 ounces of gold in concentrates, a decrease of -57% and -45% for copper and gold, respectively, over the same period in 2018. “The strike at the El Roble mine has had a significant impact on the Company’s ability to meet [...]
Atico Mining Corp. reports that it has received strike action notice from the local union after being unable to reach a new 2 year collective agreement at the El Roble mine. The Company continues to negotiate with the local union and is working diligently towards bringing a swift and satisfactory resolution for all parties involved. Mining operations and exploration activity at El Roble have been suspended. The Company [...]
Atico Mining Corp. is pleased to announce operating results for the three and twelve month periods ended December 31, 2018 from its El Roble mine. Production totaled 5.81 million pounds of copper with 2,913 ounces of gold for the fourth quarter and 21.87 million pounds of copper with 11,344 ounces of gold in concentrates for the full year 2018. “Atico has successfully concluded its fifth full year of operating the [...]
Atico Mining Corp. is pleased to announce that it has repaid, in full, its outstanding USD$8,000,000 senior debt facility to Trafigura Pte. Ltd. . The Debt Facility was the only long-term debt that the Company had remaining in November 2018. “We are very pleased with the achievement of this important milestone as the Company has repaid in full the only senior secured facility held and is now free of long-term [...]
Atico Mining Corp. today announced its financial results for the three months ended September 30, 2018, posting a net income of $3.0 million. Fernando E. Ganoza, CEO and Director, commented, "We are pleased to report very strong financial results for the third quarter and first nine months of the year. The Company’s improvements in most financial metrics have yielded good results and have put us in position to [...]
Atico Mining Corp. is pleased to announce the release of an updated NI 43-101 mineral resource and reserve estimate for the El Roble Mine located in Colombia. El Roble is currently in production at a rate of 850tpd and production guidance for the year is 20 million pounds of copper along with 9,850 ounces of gold in 2018. For the first three quarters of 2018, El Roble has produced 16 million pounds of copper and 8,400 [...]
Atico Mining Corp. announces its operating results for the three months ended September 30, 2018 from its El Roble mine. Production for the quarter totaled 5.36 million pounds of copper and 3,010 ounces of gold in concentrates, an increase of 5% for copper and 6% for gold, respectively, over the same period in 2017. “We are pleased to report another strong quarter of production as the El Roble mine continues to [...]
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