Atico Mining Corp. is pleased to announce that it has received its certificate of viability from the Mining and Energy Ministry for the construction and operations of its filtered tailing and barren rock storage facilities for La Plata mining project located in Ecuador. Following the announcement that the Ministry of Environment and Ecological Transition of Ecuador had signed the approval of the Environmental Impact Study [...]
Atico Mining is pleased to announce that it has received approval of the EIA for the construction and operations of its La Plata mining project located in Ecuador. The La Plata project has been identified by President of Ecuador, Guillermo Lasso as a strategic project and a component of the country’s reactivation plan. As a part of this plan, President Lasso has committed to accelerating the restart of the country’s [...]
Atico Mining announced its financial results for the three months ended March 31, 2022, posting income from mining operations of $9.1 million and a net income of $3.9 million. Production for the period at Atico’s El Roble mine totaled 4.7 million pounds of copper and 2,636 oz of gold in concentrate at a cash cost(1) of $1.29 per payable pound of copper(2). Fernando E. Ganoza, CEO and Director, commented, “We are pleased [...]
Atico Mining announces that pursuant to the Company's stock option plan, 1,005,206 incentive stock options exercisable at $0.405 per share for a period of five years have been granted to directors, officers, employees and consultants of the Company. Atico Mining is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects. The Company generates significant cash flow through the [...]
Atico Mining announced its financial results for the year ended December 31, 2021, posting income from mining operations of $28.0 million and a net income of $7.0 million. Production for the year at Atico's El Roble mine totaled 18.1 million pounds of copper and 11,018 ounces of gold in concentrate at a cash cost of $1.45 per payable pound of copper. Fernando E. Ganoza, CEO and Director, commented, "At the beginning of [...]
Atico Mining Corp. announces its operating results for the three months ended March 31, 2022 from its El Roble mine. Production for the quarter totaled 4.82 million pounds of copper and 2,636 ounces of gold in concentrates, an increase of 7% and 24% for copper and gold, respectively, over the same period in 2021. "At the El Roble mine we had an outstanding quarter when compared to our guidance and same period last year [...]
Atico Mining Corp. reports a land slide in the vicinity of its operations and most importantly, no injuries occurred as a result of this incident. On April 1st the landslide occurred in the vicinity of our dewatering plant causing minor equipment damage resulting in a pause in operations. The Company is very pleased to report that there were no injuries as a result of this incident. The operations team estimates that it [...]
Atico Mining Corp. is pleased to announce that it has received the administrative resolution to modify the mining regime of its 100% owned La Plata project in Ecuador. As part of the necessary permit and licensing process to start the construction of the mine facilities, Atico has received the resolution from the sectoral ministry which contains the approval to place the La Plata VMS project into the economic evaluation [...]
Atico Mining Corp. is pleased to announce that it has entered into a secured definitive credit agreement between the Company, Trafigura PTE. LTD. and certain subsidiaries of the Company for the principal sum of US$10 million and has received a non-binding proposal from the Lender to finance La Plata construction against future off-take. "With access to capital provided by the Lender along with internally generated [...]
Atico Mining Corp. is pleased to announce operating results for the three and twelve month periods ended December 31, 2021 from its El Roble mine. Production totaled 4.93 million pounds of copper with 3,152 ounces of gold for the fourth quarter and 18.07 million pounds of copper with 11,016 ounces of gold in concentrates for the full year 2021. "2021 was a challenging year where the operations team had to navigate through [...]
Responsible Mining Solutions Corp. and Atico Mining Corp. RMS and Atico jointly announce that they have successfully completed the commissioning and hand-over of the Integrated Tailings Dewatering Plant designed to receive flotation tailings from the El Roble mill and processing facilities. Please refer to Figure 01, for a visual overview of the plant. Figure 1 - El Roble, ITDS during [...]
Atico Mining Corp. announces it has entered into an agreement with the National Mining Agency in Colombia related to the ongoing royalty dispute covering the El Roble property. While the Company has maintained that it has been in good standing with the requirements for a new title, with this agreement the company has formally been brought into good standing by the NMA. As a part of the Agreement, the NMA and the Company [...]
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