Atico Mining (ATY) AI Stock Analysis

• Market Cap: C$43.32M
• Dividend Yield: N/A
• Average Volume (3M): 188.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: -19.56%
• EPS Growth: -394.65%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 180,506,550
• 10 Day Avg. Volume: 195,105
• 30 Day Avg. Volume: 188,154
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 1.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: C$0.23 ▲(16.50% Upside)

Atico Mining's overall stock score is primarily impacted by its financial struggles, with declining revenue and profitability being the most significant factors. Technical analysis provides mixed signals, while valuation metrics highlight concerns due to negative earnings and lack of dividends. The absence of earnings call data and corporate events leaves these areas unaddressed.

Positive Factors

High-grade core asset (El Roble)

Owning the El Roble high-grade copper and gold mine provides a durable production base and unit-cost advantage versus lower-grade peers. High-grade feeds support stronger cash margins per tonne, underpinning long-term value creation and resilience through commodity cycles.

Manageable leverage

A debt-to-equity of ~0.48 indicates moderate leverage, giving the company structural financial flexibility to fund operations or projects without excessive bankruptcy risk. If profitability recovers, this balance sheet stance supports steady investment and lower refinancing strain.

Operating cash conversion

An operating cash flow to net income ratio of 0.69 shows substantial cash generation relative to accounting losses, indicating core operations still produce cash. Sustained cash conversion supports working capital needs and gives time to execute operational fixes or fund near-term exploration.

Negative Factors

Declining revenue and margins

Sharp multi-period revenue decline and negative margins reflect structural weaknesses in sales volumes, costs, or pricing. Persistent top-line erosion and negative profitability undermine reinvestment capacity, increase impairment risk, and make long-term operational improvement and growth harder to finance internally.

Negative return on equity

A negative ROE around -32% signals the business is destroying shareholder capital over time. This undermines investor confidence, limits ability to raise equity on favorable terms, and suggests the current asset base and operations need restructuring to restore sustainable returns.

Weak free cash flow trend

A >50% decline in free cash flow growth is a durable concern: it reduces capacity to fund capex, exploration, debt reduction or dividends. Persistent FCF weakness forces reliance on external financing, increasing dilution or leverage and constraining long-term strategic investments.

Atico Mining Business Overview & Revenue Model

Company Description

Atico Mining Corporation (ATY) is a Canadian-based mining company engaged in the exploration, development, and production of base metals, primarily copper and gold. The company operates in the mining sector, focusing on projects in Latin America, particularly in Ecuador and Colombia. Atico's core assets include the El Roble mine in Colombia, which is known for its high-grade copper and gold production, and various exploration projects aimed at expanding its resource base. The company is committed to sustainable mining practices and aims to create long-term value for its stakeholders.

How the Company Makes Money

Atico Mining generates revenue primarily through the production and sale of copper and gold concentrates from its mining operations. The company sells its metal concentrates to various customers, including smelters and refiners, which form the primary revenue stream. Additionally, Atico may benefit from fluctuating commodity prices, as the value of copper and gold can significantly impact earnings. The company also engages in exploration activities to identify new resources, which can lead to future revenue opportunities. Partnerships with local governments and mining entities can enhance its operational capabilities and market access, contributing to its overall financial performance.

Atico Mining Financial Statement Overview

Summary

Atico Mining faces significant financial challenges, with declining revenue, profitability, and cash flow. The income statement highlights operational inefficiencies, while the balance sheet shows moderate leverage but poor returns on equity. Cash flow issues further complicate the financial outlook. To improve its financial position, the company must focus on enhancing operational efficiency, reducing debt, and boosting cash generation.

Income Statement

Atico Mining's income statement reveals significant challenges with declining revenue and profitability. The TTM data shows a substantial revenue decline of 32.64% and a negative net profit margin of -17.82%, indicating operational inefficiencies. The gross profit margin remains modest at 20.96%, but the negative EBIT and EBITDA margins highlight ongoing financial struggles. The company needs to address these issues to improve its financial health.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.48, suggesting manageable leverage. However, the return on equity is negative at -31.87%, reflecting poor profitability. The equity ratio is not explicitly provided, but the overall balance sheet stability is compromised by declining equity and high debt levels. Improving profitability and reducing debt could enhance financial stability.

Cash Flow

Cash flow analysis indicates a mixed performance. The operating cash flow to net income ratio is 0.69, showing some ability to generate cash from operations despite negative net income. However, free cash flow growth is negative at -54.88%, raising concerns about the company's ability to fund operations and investments. Strengthening cash generation and managing expenses are crucial for future growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	54.39M	68.46M	57.54M	65.17M	72.69M	59.57M
Gross Profit	9.28M	14.04M	7.43M	15.99M	28.03M	18.07M
EBITDA	-14.04M	-7.01M	7.94M	21.90M	30.18M	25.06M
Net Income	-19.23M	-17.13M	-5.67M	-3.67M	5.77M	7.24M
Balance Sheet
Total Assets	151.96M	99.28M	115.19M	121.02M	115.94M	115.56M
Cash, Cash Equivalents and Short-Term Investments	6.80M	3.06M	8.30M	15.23M	14.62M	16.65M
Total Debt	14.00M	23.44M	26.63M	22.92M	10.43M	10.81M
Total Liabilities	91.06M	57.84M	54.40M	54.07M	44.65M	41.74M
Stockholders Equity	43.18M	40.54M	57.47M	62.88M	65.88M	60.17M
Cash Flow
Free Cash Flow	7.99M	6.89M	-2.72M	-3.30M	10.76M	7.02M
Operating Cash Flow	15.61M	16.68M	8.27M	9.65M	29.85M	17.88M
Investing Cash Flow	-16.13M	-16.57M	-15.93M	-14.07M	-29.53M	-11.48M
Financing Cash Flow	-1.29M	-5.32M	708.46K	5.10M	-2.34M	3.11M

Atico Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ATY, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.21, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.01 is Neutral, neither overbought nor oversold. The STOCH value of 85.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ATY.

Atico Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
COR	53 Neutral	C$31.16M	32.69	9.47%	―	―	93.20%
SLV	52 Neutral	C$41.29M	-31.69	―	―	―	-1.67%
AAN	49 Neutral	C$65.00M	-5.12	―	―	―	―
ATY	48 Neutral	C$43.32M	-1.18	-38.09%	―	-19.56%	-394.65%
PGZ	45 Neutral	C$46.65M	-5.92	-95.37%	―	―	10.91%

Atico Mining Corporate Events

Atico Mining to Amend Debenture Agreement with Dundee

Atico Mining Corporation has announced its intention to amend and restate its existing debenture agreement with Dundee Corporation, extending the maturity date to December 16, 2027, with a 12% annual interest rate on the outstanding principal amount. The amendment includes issuing 1,000,000 non-transferable common share purchase warrants to Dundee, with the closing expected around December 16, 2025, subject to customary conditions and approvals. This strategic financial maneuver could enhance Atico’s operational flexibility and strengthen its market position, potentially impacting stakeholders positively.

The most recent analyst rating on (TSE:ATY) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on Atico Mining stock, see the TSE:ATY Stock Forecast page.

Atico Mining Reports High-Grade Intercepts and Extends Ore Body at El Roble Mine

Atico Mining Corporation has reported positive results from its 2025 drilling campaign at the El Roble mine in Colombia, highlighting multiple high-grade copper and gold intercepts. The drilling has extended the ore body and discovered a new sulfide body adjacent to the main ore body, indicating strong potential for further mineralization. These findings bolster confidence in the presence of additional high-grade mineralization both within and beyond historically defined bodies, with plans to continue the drilling program throughout the year.

Atico Mining Reports Q3 2025 Financial Results Amid Shipping Delays

Atico Mining Corporation reported a net loss of $4.1 million for the third quarter of 2025, primarily due to a shipping delay in Colombia that deferred concentrate sales to the next quarter. Despite the financial setback, the company reduced its credit facilities and loans by $5.4 million and benefited from higher metal prices, allowing it to mine from previously unreserved lower zones of the El Roble mine. The company anticipates improved production in the next quarter due to higher copper grades from the upper zones.

Atico Mining Grants Incentive Stock Options to Team

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 Reports Lower Q3 2025 Production, Anticipates Future Improvement

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.