https://www.miningweekly.com

Atalaya profit jumps 89%

4th April 2019

By: Creamer Media Reporter

     

Font size: - +

Aim- and TSX-listed Atalaya Mining on Thursday reported profit of €34.44-million for 2018 – an 89% increase on that of 2017.

The company, which operates the Proyecto Riotinto mine, in Spain, posted revenue of €189.5-million as a result of 183 368 t of concentrate sold in 2018. This compares with revenue of €160.5-million and sales of 158 591 t in 2017.

Group operating costs and corporate costs amounted to €128.9-million and €5.9-million, respectively, providing earnings before interest, taxes, depreciation and amortisation of €53.5-million for the 12 months.

Cash costs for 2018 were $1.94/lb of payable copper, below the revised guidance of $1.95/lb, providing healthy margins and positive cash flows at average realised copper prices of $2.95/lb during the year.

The all-in sustaining costs (AISC) averaged $2.26/lb of payable copper for the year, within the revised guidance of $2.25/lb to $2.40/lb.

Atalaya’s production guidance for 2019 is estimated in the range of 45 000 t to 46 500 t and the AISC is in a range of $2.25/lb to $2.45/lb.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.046 0.916s - 114pq - 2rq
Subscribe Now