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Atico Mining announces Q4 2018 and full year production results

Mining News - Published on Thu, 31 Jan 2019

Image Source: SteelGuru
Atico Mining Corporation announced 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 Q4 2018 and 21.87 million pounds of copper with 11,344 ounces of gold in concentrates for the full year 2018.

Mr Fernando E Ganoza, CEO, said that “Atico has successfully concluded its fifth full year of operating the El Roble mine, exceeding most of the 2018 guidance while achieving the highest annual production results to date. In the upcoming year, we will continue aggressive exploration at the El Roble property with an intensified focus on the prospective 6,400-hectare land package while working towards achieving stated guidance.”

Q4 and Full Year Operational Highlights
Q4
Production of 5.81 million pounds of copper contained in concentrates; an increase of 9% over Q4 2017.
Production of 2,913 ounces of gold contained in concentrates; a decrease of 2% over Q4 2017.
Average processed tonnes per day of 867; a, increase of 9% over Q4 2017.
Copper and gold head grades of 3.66% and 2.00 grams per tonne; a decrease of 8% for copper and 11% for gold over Q4 2017.
Copper and gold recovery of 93.5% and 59.0%; a decrease of 1% for copper and 8% for gold over Q4 2017.

2018 Year-end
Production of 21.87 million pounds of copper contained in concentrates; an increase of 6% over 2017.
Production of 11,344 ounces of gold contained in concentrates; an increase of 4% over 2017.
Average processed tonnes per day of 827; an increase of 5% over 2017.
Copper and gold head grades of 3.71% and 2.05 grams per tonne; a decrease of 4% for copper and 2% for gold over 2017.
Copper and gold recovery of 93.6% and 60.4%; no significant change for copper and a decrease of 5% for gold over 2017.

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Posted By : Rabi Wangkhem on Thu, 31 Jan 2019
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