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Atico Mining|Trafigura|TSX Venture Exchange|Ecuador|La Plata Project|Copper Mining|Gold Mining|Fernando Ganoza
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Atico secures $95m Trafigura loan for La Plata project build

La Plate project area

La Plata project area

30th September 2026

By: Marleny Arnoldi

Online News Editor

     

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TSX-V-listed Atico Mining Corporation has entered into a new secure project finance facility worth $95-million with commodities trader Trafigura to facilitate the construction and development of the La Plata gold and copper project, in Ecuador.

Atico also entered into a subscription agreement with an affiliate of Trafigura for a private placement of $16.4-million.

The company will issue a convertible debenture with a face value of $16.4-million to the debenture holder, which is convertible into the company's shares at a price of $0.22 apiece.

CEO and director Fernando Ganoza says the financing package for the La Plata project is the result of a competitive review process that assessed several alternatives aimed at finding the best value for shareholders.

"Given our decade-long relationship with Trafigura and their deep knowledge of the La Plata project, this result was both competitive and a natural fit. Following extensive due diligence, this investment signifies a strong vote of confidence in the quality of our asset.

"The financial flexibility provided by this package allows us to strengthen our balance sheet while simultaneously funding all necessary pre-construction activities. We are thrilled to advance responsibly towards construction, develop Ecuador’s next gold and copper mine, and create significant value for all our stakeholders," Ganoza states.

Edited by Creamer Media Reporter

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