Atico Mining Posts Q1 2024 Mixed Results

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

Atico Mining Corporation reported mixed results for Q1 of 2024 with a net loss of $0.4 million, despite a 39% increase in sales to $17.8 million. Production at their El Roble mine included 3.3 million lbs of copper and 2,185 oz of gold, with the CEO expressing optimism for reduced operating costs and increased revenues due to higher metal prices moving forward. Despite higher sales, the company faced a net loss, attributed to increased costs and lower realized copper prices, alongside an unrealized loss on gold hedges.

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