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Atico Mining
(ATY)
Atico Mining (ATY) vs. iShares MSCI Canada ETF (EWC)
Atico Mining Business Overview & Revenue Model
Atico Mining Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 80.74M | 68.46M | 57.54M | 65.17M | 72.69M | 59.57M |
| Gross Profit | 16.92M | 14.04M | 7.43M | 15.99M | 28.03M | 18.07M |
| EBITDA | -3.12M | -7.01M | 7.94M | 22.98M | 30.18M | 24.27M |
| Net Income | -14.39M | -17.13M | -5.67M | -3.67M | 5.77M | 7.24M |
Balance Sheet | ||||||
| Total Assets | 98.15M | 99.28M | 115.19M | 121.02M | 115.94M | 115.56M |
| Cash, Cash Equivalents and Short-Term Investments | 7.34M | 3.06M | 8.30M | 15.23M | 14.62M | 16.65M |
| Total Debt | 20.54M | 23.44M | 26.63M | 22.92M | 10.43M | 10.81M |
| Total Liabilities | 54.78M | 57.84M | 54.40M | 54.07M | 44.65M | 41.74M |
| Stockholders Equity | 42.39M | 40.54M | 57.47M | 62.88M | 65.88M | 60.17M |
Cash Flow | ||||||
| Free Cash Flow | 17.71M | 6.89M | -2.72M | -3.30M | 10.76M | 7.02M |
| Operating Cash Flow | 24.76M | 16.68M | 8.27M | 9.65M | 29.85M | 17.88M |
| Investing Cash Flow | -15.37M | -16.57M | -15.93M | -14.07M | -29.53M | -11.48M |
| Financing Cash Flow | -7.15M | -5.32M | 708.46K | 5.10M | -2.34M | 3.11M |
Atico Mining Technical Analysis
Atico Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | $28.84M | -1.00 | -29.06% | ― | 35.71% | -147.83% | |
45 Neutral | C$13.97M | ― | -188.18% | ― | ― | -928.33% | |
40 Underperform | C$12.10M | 2.59 | 20.96% | ― | ― | 393.02% | |
40 Underperform | C$20.04M | ― | -0.86% | ― | ― | 86.00% | |
39 Underperform | C$3.63M | -5.88 | -12.30% | ― | ― | 15.00% | |
35 Underperform | C$20.14M | ― | -36.49% | ― | ― | -17400.00% |
Atico Mining Corporate Events
Atico Mining Corporation has granted 7,151,055 incentive stock options to its directors, officers, employees, and consultants, exercisable at $0.19 per share for five years, pending TSX Venture exchange approval. This move is part of Atico’s strategy to incentivize its team as it continues to focus on its mining operations and development projects in Latin America, potentially impacting its operational growth and stakeholder engagement.
Atico Mining Corporation reported a decrease in production for the third quarter of 2025, with copper output down by 23% and gold by 8% compared to the same period in 2024. The company adjusted its mine plan to exploit higher metal prices by incorporating lower-grade ore from previously excluded zones, impacting the copper head grade and overall production results. Despite these challenges, Atico anticipates improved production in the following quarter due to higher copper head grades and continued development in higher-grade areas, which is expected to enhance reserves and extend the mine’s life. Revenue recognition for the quarter was delayed due to postponed concentrate shipments, shifting expected revenue to the fourth quarter.
Atico Mining Corporation has secured a water permit for its La Plata project in Ecuador, granted by the Ministry of Environment and Energy. This approval allows the company to proceed with water use for various industrial activities, ensuring no adverse effects on local communities or ecological systems. The project is nearing the final stage of obtaining necessary environmental licenses and permits, which will enable construction to commence. Once operational, La Plata is expected to generate significant employment opportunities, contributing to the local economy and enhancing Atico’s position in the mining industry.
Atico Mining Corporation has signed an Investment Protection Agreement (IPA) with the Ecuadorian government for its La Plata project, marking a significant milestone in its development. The agreement, which involves a total investment of USD$157.9 million, provides legal and tax stability, including a 5% income tax reduction and international arbitration options, enhancing investor confidence. The project is in the final stages of obtaining necessary environmental licenses, with plans to create significant employment opportunities during its construction and operational phases.
Atico Mining Corporation has successfully completed the Community Participation Process for Environmental Consultation at its La Plata project in Ecuador, marking a significant milestone towards obtaining the Environmental License required for exploitation. The process, which included community engagement and updates to the Environmental Impact Study, received strong support from local residents, with over 90% in favor of granting the license, highlighting Atico’s commitment to social and environmental responsibility.
Atico Mining Corporation reported strong financial results for the second quarter of 2025, with a significant increase in sales and net income compared to the previous year. The company achieved a net income of $2.7 million, driven by increased production and higher metal prices, despite facing higher cash costs due to lower ore production and transitioning to new mining zones. Atico also secured a new 30-year mining agreement for the El Roble mine, which is expected to support its long-term operational goals.