Atico Mining Overcomes Challenges in 2023

Atico Mining (TSE:ATY) has released an update.

Atico Mining Corporation reported a challenging financial year for 2023, with a net loss of $5.8 million, attributed to operational difficulties, a substantial appreciation of the Colombian Peso, and an impairment charge. Despite setbacks, the company produced 13.2 million lbs of copper and 10,149 oz of gold, slightly missing annual production guidance but showing a strong recovery in the latter half of the year. Looking forward, Atico focuses on optimizing costs, expanding the El Roble mine, and progressing with the La Plata project.

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