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Atico Mining announces its operating results for March 31st 2019

Mining News - Published on Thu, 18 Apr 2019

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Atico Mining Corporation announced 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.

Fernando E. Ganoza, CEO, said that "The strike at the El Roble mine has had a significant impact on the Company's ability to meet operational objectives in the first quarter. The mine has not operated for over fifty days during this period and this is directly reflected in this quarter's results. Once the operation resumes and for the remainder of the year, the Company will make its best effort to minimize the impact of lost production."

First Quarter Operational Highlights
• Production of 2.36 million pounds of copper contained in concentrates; a decrease of 57% over Q1 2018.
• Production of 1,552 ounces of gold contained in concentrates; a decrease of 45% over Q1 2018.
• Average processed tonnes per day of 885, an increase of 9% over Q1 2018.
• Copper head grade of 3.29%, a decrease of 13% over Q1 2018.
• Gold head grade of 2.24 grams per tonne; an increase of 10% over Q1 2018.
• Copper and gold recovery of 91.1 % and 60.6%; a decrease of 3% for copper and 5% for gold respectively over Q1 2018.

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Posted By : Rabi Wangkhem on Thu, 18 Apr 2019
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