Atico Mining Corp. reports that the final systems inspection at the El Roble mine was successful and ramp up to steady state throughput has been attained. The Company is also reinitiating its plans for an aggressive exploration campaign at both projects with a budget of up to 30,000 meters of drilling for 2021. "We are pleased to report a successful restart of operations at the El Roble mine along with announcing the most [...]
Atico Mining Corp. reports a temporary work stoppage at the El Roble mine to install a new relief valve for the pipeline that transports material to the tailing's facility and to perform a final systems inspection. The safety of people and the environment remains a priority for Atico at the El Roble mine. On February 11, 2021, the relief valve for the tailings pipe malfunctioned and as a result some material was [...]
Atico Mining Corp. is pleased to report of an updated NI 43-101 mineral resource and reserve estimate as on September 30th, 2020 for the El Roble Mine located in Colombia. "Our infill and mine vicinity exploration drilling at El Roble mine has partially replenished some of the mined resources since the previous reserve and resource update in 2018. The updated reserve report shows the operations ability to continue [...]
Atico Mining Corp. is pleased to report on the last results of its 2020 drilling program at the La Plata precious metals-rich volcanogenic massive sulphide project in Ecuador. These results continue to report very encouraging intercepts of volcanic massive sulfides while the new 2021 drill campaign begins in Ecuador. La Plata Drilling Highlights Include: Hole From To Interval Au Ag Cu Zn CMLP-20-146 64.44 74.75 10.31 2.79 [...]
Atico Mining Corp. is pleased to announce operating results for the three and twelve month periods ended December 31, 2020 from its El Roble mine. Production totaled 5.22 million pounds of copper with 2,809 ounces of gold for the fourth quarter and 20.66 million pounds of copper with 10,792 ounces of gold in concentrates for the full year 2020. “First and foremost, I would like to commend and extend appreciation to all of [...]
Atico Mining Corp. is pleased to announce that it has closed its private placement with Dundee Corporation with respect to the issuance of unsecured convertible debentures of the Company for gross proceeds of US$6.5 million . The Debentures will mature five years following the closing date with an interest rate of 7% per annum and, subject to certain terms and conditions, will be convertible into up to an aggregate of [...]
Atico Mining Corp. is pleased to announce that it has entered into a subscription agreement with Dundee Corporation with respect to the issuance of unsecured convertible debentures of the Company for gross proceeds of US$6.5 million . The Debentures will mature five years following the closing date with an interest rate of 7% per annum and, subject to certain terms and conditions, will be convertible into up to an [...]
Atico Mining Corp. today announced its financial results for the three months ended September 30, 2020 , posting income from mining operations of $5.0 million and a net income of $1.9 million. Fernando E. Ganoza, CEO and Director, commented, "We are pleased to report strong financial results despite selling only one concentrate shipment in the period. These results are a good reflection of the current strong metal price [...]
Atico Mining Corp. is pleased to update its shareholders on the positive advances of its drilling program at the La Plata precious metals-rich volcanogenic massive sulphide project in Ecuador. La Plata Drilling Highlights Include: Hole From To Interval Au Ag Cu Zn CMLP-20-109* 296.77 301.8 5.02 11.46 177.26 0.83 8.10 and 306.89 311.4 4.53 1.59 26.61 3.17 7.08 CMLP-20-136 123.32 138.2 7.38 4.43 60.24 3.76 6.32 CMLP-20-137 [...]
Atico Mining Corp. announces its operating results for the three months ended September 30, 2020 from its El Roble mine. Production for the quarter totaled 5.55 million pounds of copper and 2,487 ounces of gold in concentrates, a decrease of 3% for copper and 25% for gold over the same period in 2019. “The production results for the quarter were mostly in line with our 2020 objectives while the mine continued to operate [...]
Atico Mining announces that pursuant to the Company's stock option plan, 2,664,982 incentive stock options exercisable at $0.48 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 generates [...]
Atico Mining Corp. is pleased to announce that it has entered into a USD $2.5 million term loan from Export Development Canada . The Facility will provide the Company with enhanced financial flexibility and contribute towards completion of the new dry stack tailings project. Fernando E. Ganoza, CEO, commented: "After evaluating a number of different programs and an extensive due diligence process, we are extremely pleased [...]
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