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Atico Mining
(OTC:ATY)
Atico Mining (ATY) vs. iShares MSCI Canada ETF (EWC)
Atico Mining Business Overview & Revenue Model
Atico Mining Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 68.46M | 57.54M | 65.17M | 72.69M | 59.57M | Gross Profit |
| 14.04M | 7.43M | 15.99M | 28.03M | 18.07M | EBIT |
| 7.95M | -4.41M | 9.16M | 21.38M | 12.79M | EBITDA |
| -7.01M | 7.94M | 22.98M | 30.18M | 24.27M | Net Income Common Stockholders |
| -17.13M | -5.67M | -3.67M | 5.77M | 7.24M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.06M | 8.30M | 15.23M | 14.62M | 16.65M | Total Assets |
| 99.28M | 115.19M | 121.02M | 115.94M | 115.56M | Total Debt |
| 23.44M | 26.63M | 22.92M | 10.43M | 10.81M | Net Debt |
| 20.39M | 18.33M | 7.69M | -4.19M | -5.84M | Total Liabilities |
| 57.84M | 54.40M | 54.07M | 44.65M | 41.74M | Stockholders Equity |
| 40.54M | 57.47M | 62.88M | 65.88M | 60.17M |
| Cash Flow | Free Cash Flow | |||
| 6.89M | -2.72M | -3.30M | 10.76M | 7.02M | Operating Cash Flow |
| 16.68M | 8.27M | 9.65M | 29.85M | 17.88M | Investing Cash Flow |
| -16.57M | -15.93M | -14.07M | -29.53M | -11.48M | Financing Cash Flow |
| -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 |
|---|---|---|---|---|---|---|---|
59 Neutral | $21.23M | ― | -6.37% | ― | 26.50% | 39.74% | |
51 Neutral | $1.98B | -1.26 | -21.11% | 5.99% | 2.92% | -30.46% | |
45 Neutral | C$13.54M | ― | -9.58% | ― | ― | 1.67% | |
40 Underperform | C$14.30M | 2.60 | 24.42% | ― | ― | ― | |
40 Underperform | C$14.87M | ― | -3.96% | ― | ― | -78.46% | |
39 Underperform | C$5.44M | ― | -11.52% | ― | ― | 40.00% | |
35 Underperform | C$13.38M | ― | -40.83% | ― | -100.00% | -174.68% |
Atico Mining Corporate Events
Atico Mining Corporation has announced the filing of amended and restated offering documents for its concurrent Rights Offering and LIFE Offering, aiming to raise up to approximately $8.54 million. This move includes an amendment and extension of its existing secured credit agreement with Trafigura PTE. Ltd., potentially impacting the company’s financial operations and market positioning.
Atico Mining Corporation has entered into a term sheet with Trafigura to amend and extend its existing credit agreement, with $8.7 million outstanding. The agreement involves repayment in two installments and an extension of a commercial concentrate purchase contract, impacting Atico’s financial operations and market positioning.
Atico Mining Corporation has announced a rights offering and a concurrent LIFE offering to raise up to approximately $8.54 million. This move is expected to strengthen the company’s financial position, with directors and officers leading the financing efforts. The rights offering will allow shareholders to purchase additional shares, potentially increasing the company’s outstanding shares by 28.6%. These offerings are subject to necessary approvals and are aimed at enhancing Atico’s operational capabilities and market presence.
Atico Mining Corporation reported its financial results for the first quarter of 2025, showing income from mining operations of $3.7 million but a net loss of $0.8 million. Despite operational challenges due to unexpected rock quality issues at the El Roble mine, the company maintained financial results in line with the budget, aided by strong metal prices and additional revenue from inventory sales. Sales increased by 11% compared to the previous year, driven by higher realized prices for copper and gold. However, cash costs rose due to lower ore production and inflation, impacting overall profitability. The company anticipates improvements in production and cost efficiency in the coming quarters.
Atico Mining Corporation has secured a new 30-year mining title for its El Roble mine in Colombia, which significantly reduces operational risks and allows the company to sell previously pledged concentrate, thereby injecting liquidity and improving its financial position. The agreement with the Colombian National Mining Agency includes additional compensation fees and community relations expenses, reflecting Atico’s commitment to local engagement. The company has also received a ruling clarification on a previous payment plan, which allows it to continue reducing its obligations, further strengthening its financial stability.
Atico Mining Corporation reported a significant decrease in production in the first quarter of 2025 from its El Roble mine, with copper and gold outputs falling by 33% and 28% respectively compared to the same period in 2024. The decline was attributed to delays in transitioning to new mining areas due to challenging rock conditions, impacting tonnage and head grade. Despite these setbacks, the company anticipates improvements in the coming quarters to recover lost production, which is crucial for maintaining its market position and stakeholder confidence.
Atico Mining Corporation reported its financial results for 2024, revealing a net loss of $18.7 million despite a 19% increase in sales to $68.5 million. The loss was largely due to a $24.5 million pre-tax loss from an arbitration ruling concerning royalties in Colombia. The company produced 13.7 million pounds of copper and 9,106 ounces of gold, with improved margins and sales compared to the previous year. However, increased costs and the arbitration ruling significantly impacted the financial outcome. Atico plans to focus on achieving production goals and improving cost efficiencies in the favorable metal price environment.
Atico Mining Corporation has secured a new 30-year mining title for its El Roble mine in Colombia following extensive negotiations with the National Mining Agency. This development is expected to enhance the company’s long-term operational stability. Additionally, Atico has amended its facility agreement with Trafigura, planning to settle the outstanding balance by June 30th, using proceeds from the sale of unsold concentrate to reduce liabilities.