Atico Mining Corporation reports operating and financial developments tied to copper and gold mining in Latin America. Its recurring updates center on the El Roble underground mine in Colombia, which produces copper-gold concentrate, and on exploration drilling, production results, concentrate shipments, cash costs, working capital, and capital-structure actions.
Company news also covers permitting and development activity for the high-grade La Plata VMS project in Ecuador. Atico’s disclosures commonly connect mine output, assay results, regulatory approvals, and project advancement with its broader focus on exploring, developing, and mining copper and gold assets.
Atico Mining (ATCMF) reported results from 32 drill holes that extended mineralization at its El Roble copper-gold mine in Colombia. The 2026 program completed 1,689.3 meters of drilling in and around the historical mineralized body. Highlights included 18.6 meters grading 7.65% copper and 2.22 grams per tonne gold, 9 meters grading 8.44% copper and 3.58 grams per tonne gold, and 5.7 meters grading 8.48% copper and 7.41 grams per tonne gold.
Reported intervals ranged from 0.25 to 18.6 meters. Mineralization remains open at depth and along strike, meaning its limits have not been established in those directions. Atico expects drilling to continue through 2026 and 2027 to extend mineralization and increase mine life, and anticipates an updated reserves and resources statement by early 2027.
Atico Mining (ATCMF) reported third-quarter 2026 copper production of 2.08 million pounds at its El Roble mine, down year over year. Gold production reached 2,472 ounces, up 30% from Q3 2025, while copper output fell 7%. Ore mined and tonnes processed each declined 15%, despite an 8% increase in daily processing to 802 tonnes. Copper grade rose 8% to 1.97%; gold grade increased 37% to 2.09 grams per tonne. Copper recovery was essentially unchanged at 91.4%, while gold recovery rose 11% to 70.1%.
Atico expects production to improve next quarter through higher copper and gold grades and expects its ongoing reserves update to extend mine life. Concentrate sales totaled 4,901 dry metric tonnes across one shipment; closing inventory was 2,021 dry metric tonnes, versus opening inventory of 1,491. Management said higher gold production was helping reduce all-in sustaining cash costs.
Atico Mining (ATCMF) has granted 5,162,338 incentive stock options to directors, officers, employees and consultants under its stock option plan.
The options are exercisable at $0.225 per share for a period of five years. The grant remains subject to TSX Venture Exchange approval.
Atico Mining (ATCMF) closed a secured convertible debenture financing with a Trafigura affiliate carrying a US$16.4 million face value. Consideration comprised approximately US$12.48 million advanced and approximately US$3.52 million converted from existing Trafigura debt, reflecting an original issue discount. The debenture converts at US$0.22 per share and matures five years and one day after issuance. Annual interest is 7.0% if paid in cash or 10.0% if paid in shares.
Atico also issued 16,149,870 shares at approximately US$0.1548 each to settle US$2.5 million of Trafigura debt. The existing Trafigura credit agreement and Dundee debenture are now fully repaid. Atico says it is fully funded for La Plata pre-construction activities through readiness to begin construction in Q1 2027. Advisory compensation includes US$328,000 cash and 1,589,147 shares.
Atico Mining (ATCMF) signed agreements for a US$111.4 million financing package with Trafigura for its La Plata project in Ecuador.
The package comprises a US$95 million secured construction facility and a US$16.4 million secured convertible debenture to be issued to a Trafigura affiliate for a US$16.0 million advance. Facility borrowings will bear interest at Adjusted Term SOFR plus 7.5%; debenture principal is convertible into Atico shares at US$0.22 per share. Atico expects to use part of the debenture proceeds to repay existing debt and begin pre-construction work.
Atico also agreed to issue 16,149,870 shares to settle US$2.5 million of existing Trafigura debt. The debenture placement and share-for-debt settlement are expected to close around October 13, 2026, subject to conditions including TSX-V approval. The first facility advance is expected afterward.
Atico Mining (OTC: ATCMF) reported Q2 2026 income from mining operations of $2.1 million and a net loss of $0.2 million, versus net income of $2.7 million in Q2 2025. Revenue declined 18% to $17.4 million from $21.1 million as concentrate sales volumes fell.
Q2 2026 production at the El Roble mine totaled 2.1 million lbs of copper, 1,479 oz of gold and 5,528 oz of silver. Average realized prices rose to $6.26/lb copper and $4,417/oz gold. Cash costs increased to $228.90/tonne processed and $3.43/lb payable copper, with all-in sustaining cost at $5.82/lb, mainly due to Colombian peso appreciation, higher mining costs and lower gold by-product credits. Cash margin per pound was $2.83, up 4%.
At June 30, 2026, Atico reduced its working capital deficit to $12.1 million from $20.2 million year-end 2025 and reported $6.9 million in long-term loans and a $2.7 million long-term arbitration award payable.
Atico Mining (TSXV: ATY, OTCQX: ATCMF) reported the voting outcomes of its 2026 annual general meeting, where all resolutions were approved. Shareholders voted 24,248,454 common shares, representing 13.37% of issued and outstanding shares at the record date. All six director nominees were elected, and approximately 99% of votes supported setting the board at six members, appointing PricewaterhouseCoopers LLP as auditor and ratifying the stock option plan.
Atico announced the stepdown of long‑serving director Michael Winn and the retirement of corporate secretary Kim Casswell after about 14 years of service. The company appointed Kelly Pladson as the new corporate secretary. Atico continues to operate the El Roble copper-gold mine and advance its La Plata VMS project in Ecuador.
Atico Mining (OTCQX: ATCMF) reported Q2 2026 operating results from its El Roble copper-gold mine, with production of 2.08 million pounds of copper and 1,465 ounces of gold in concentrates. Copper output fell 4% and gold output 38% versus Q2 2025, as the mine temporarily worked through a lower-gold-grade zone.
Quarterly mill performance included 53,585 tonnes processed (down 14%), average throughput of 786 tpd (down 5%), copper head grade of 1.91% (up 10%) and gold grade of 1.25 g/t (down 40%). Recoveries were 92.3% for copper and 68.0% for gold, with gold recovery up 18% year-over-year. Concentrate production reached 5,332 dmt, and closing concentrate inventory was 1,491 dmt after one shipment. All figures are preliminary and subject to final settlement and independent lab verification. Management is targeting an updated reserve report and operational optimization in the second half of 2026.
Atico Mining (OTC:ATCMF) reported Q1 2026 revenue of $30.6 million, up 54% from Q1 2025, and net income of $2.8 million versus a prior loss. Income from mining operations was $7.9 million, with operating cash flow before working capital of $9.9 million.
El Roble produced 2.1M lbs copper and 2,125 oz gold. Cash cost per payable pound of copper fell to $1.39 (down 54%), while all-in sustaining cost declined to $3.83/lb. Working capital deficit improved to $9.6 million, and a $5.0 million long-term arbitration award payable was recorded.
Atico Mining (OTCQX: ATCMF) reported Q1 2026 production from El Roble: 2.09 million lbs Cu and 2,108 oz Au in concentrates, versus Q1 2025 (-6% Cu, +36% Au). Mill throughput averaged 734 tpd, copper grade 1.86% and gold grade 1.69 g/t. Recoveries were 91.0% Cu and 69.1% Au. The company completed two concentrate shipments; sales totaled 8,789 dmt, leaving closing inventory of 1,266 dmt. Proven and Probable reserves total 828,000 tonnes averaging 2.49% Cu and 2.20 g/t Au, with life of mine noted to Q1-2027.