Atico Produces 2.24 Million Pounds of Cu and 1,906 Ounces of Au in Third Quarter 2025
Atico Mining (OTCQX: ATCMF) reported Q3 2025 production from El Roble of 2.24 million lbs Cu and 1,906 oz Au in concentrates, down 23% and 8% versus Q3 2024. Mill throughput averaged 741 tpd and copper head grade was 1.82%. Management said higher metal prices allowed mining of out-of-reserve lower-grade zones, lowering quarterly grades but preserving ore recovery.
Full-year revised production guidance is 9,000–9,500k lbs Cu, 7,500–8,500 oz Au, with C1 cash cost $1.70–$1.80/lb. A concentrate shipment delay moved Q3 revenue into Q4.
Atico Mining (OTCQX: ATCMF) ha riportato la produzione del Q3 2025 da El Roble di 2,24 milioni di libbre di Cu e 1.906 oz di Au nei concentrati, in calo del 23% e dell'8% rispetto al Q3 2024. Il throughput della miniera è stato in media di 741 tpd e la testata del rame era del 1,82%. Il management ha indicato che prezzi più elevati del metallo hanno permesso l'estrazione di zone a bassa grade fuori dalla riserva, riducendo i tassi di rendimento trimestrali ma preservando il recupero della cherenchia.
La guidance di produzione per l'intero anno rivista è 9.000–9.500k libbre di Cu, 7.500–8.500 oz di Au, con costo cash C1 $1,70–$1,80/lb. Un ritardo nella spedizione del concentrato ha spostato i ricavi del Q3 nel Q4.
Atico Mining (OTCQX: ATCMF) informó la producción del tercer trimestre de 2025 desde El Roble de 2,24 millones de lb de Cu y 1.906 oz de Au en concentrados, a la baja un 23% y un 8% frente al Q3 2024. El rendimiento de la planta promedió 741 tpd y la ley de cabeza de cobre fue 1,82%. La dirección indicó que precios más altos del metal permitieron extraer zonas de menor ley fuera de reserva, reduciendo las leyes trimestrales pero preservando la recuperación de la mena.
La guía de producción para el año completo revisada es de 9.000–9.500k lbs Cu, 7.500–8.500 oz Au, con C1 cash cost $1.70–$1.80/lb. Un retraso en el envío de concentrados trasladó los ingresos del Q3 al Q4.
Atico Mining (OTCQX: ATCMF) 는 El Roble에서 2025년 3분기 생산으로 2.24백만 파운드 Cu 와 1,906 oz Au를 농축물로 보고했으며, 2024년 3분기 대비 각각 23% 및 8% 감소했습니다. 제련량은 평균 741 tpd이고 구리 선두 품위는 1.82%였습니다. 경영진은 금속 가격 상승으로 보유 밖 저등급 Zone의 채굴이 가능해져 분기 등급은 낮아졌지만 광석 회수율은 유지되었다고 말했습니다.
연간 전체 전망은 9,000–9,500k lbs Cu, 7,500–8,500 oz Au, C1 현금 비용 $1.70–$1.80/lb로 수정되었습니다. 농축물 선적 지연으로 Q3 매출이 Q4로 이월되었습니다.
Atico Mining (OTCQX: ATCMF) a reporté la production du T3 2025 à El Roble de 2,24 millions de livres Cu et 1 906 oz d'Au dans les concentrés, en baisse de 23 % et 8 % par rapport au T3 2024. Le débit de traitement a été en moyenne de 741 tpd et la teneur en cuivre à l'entrée était de 1,82 %. La direction a indiqué que des prix plus élevés du métal ont permis d'extraire des zones à faible teneur hors réserve, réduisant les teneurs trimestrielles mais préservant le récupération du minerai.
La prévision de production annuelle révisée est de 9 000–9 500k lbs Cu, 7 500–8 500 oz Au, avec un coût en trésorerie C1 de 1,70–1,80 $/lb. Un retard d'expédition de concentrés a déplacé les revenus du Q3 au Q4.
Atico Mining (OTCQX: ATCMF) meldete die Produktion im Q3 2025 aus El Roble von 2,24 Millionen Pfund Cu und 1.906 oz Au in Konzentraten, jeweils 23% bzw. 8% weniger als im Q3 2024. Der Durchsatz der Anlage betrug durchschnittlich 741 t/Tag und der Kupferkopfsatz lag bei 1,82%. Das Management sagte, dass höhere Metallpreise das Abbau von außerhalb der Reserven liegenden Zone mit geringerer Qualität ermöglichen, wodurch die Quartalswerte sinken, aber die Erzgewinnung erhalten bleibt.
Die Jahresprognose wurde auf 9.000–9.500k lbs Cu, 7.500–8.500 oz Au und C1 Cash Cost $1,70–$1,80/lb angepasst. Eine Verzögerung bei der Lieferung von Konzentraten verschob den Q3-Umsatz in Q4.
شركة أتِيكو التعدين (OTCQX: ATCMF) أبلغت عن إنتاج الربع الثالث من 2025 من El Roble بمقدار 2.24 مليون رطل من النحاس Cu و1,906 أوقية من الذهب Au في الخامات المركزة، بانخفاض 23% و8% مقارنة بالربع الثالث من 2024. بلغ معدل التدفق للمصنع 741 طن/يوم وكانت نسبة النحاس في العينة الرأسية 1.82%. قالت الإدارة إن ارتفاع أسعار المعدن سمح بتعدين مناطق منخفضة الدرجة خارج الاحتياطي، ما أدى إلى انخفاض درجات الربع لكنه حافظ على استعادة الخام.
التوجيه السنوي المعدل للإنتاج للسنة الكاملة هو 9,000–9,500k رطل Cu، 7,500–8,500 أوقية Au، مع تكلفة نقدية C1 1.70–1.80 دولار/رطل. تأخر شحن الخرائط المركزة أدى إلى تحويل إيرادات Q3 إلى Q4.
Atico Mining (OTCQX: ATCMF) 报告 El Roble 第三季度的产量为 2.24 百万磅铜 与 1,906 盎司黄金，以浓缩物形式，较 2024 年第三季度下降 23% 和 8%。矿厂吞吐量平均为 741 吨/日，铜头部品位为 1.82%。管理层表示，金属价格上涨使得能够开采储量之外的低品位区，从而降低季度品位但保持矿石回收率。
全年修订后的产量指引为 9,000–9,500k 磅 Cu、7,500–8,500 oz Au，C1 现金成本 $1.70–$1.80/ lb。一次精矿发运延迟将 Q3 的收入移至 Q4。
- Full-year copper guidance of 9,000–9,500k lbs
- Full-year gold guidance of 7,500–8,500 oz
- C1 cash cost guidance of $1.70–$1.80/lb
- Q3 copper production down 23% versus Q3 2024
- Copper head grade declined to 1.82% (-14%)
- Average throughput fell to 741 tpd (-3%)
- Concentrate shipment delay moved Q3 revenue into Q4
VANCOUVER, British Columbia, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended September 30, 2025 from its El Roble mine. Production for the quarter totaled 2.24 million pounds of copper and 1,906 ounces of gold in concentrates, a decrease of
“During the period, higher metal prices enabled profitable mining of ore from lower mine zones previously excluded from reserves, leading to a quarterly revision of the mine plan to incorporate this out-of-reserve material. These areas of the deposit are in the final months and are being prioritized to maximize overall ore recovery. The lower grade, newly converted reserves, offset the contribution from the higher-grade upper zones, which percentage of feed to the mill has been consistently increasing as development continues and more stopes enter production. Given the change in the mine plan, results for the quarter were below budget, in particular for the copper head grade, which increased from the previous quarter but not as much as initially forecasted,” stated Fernando E. Ganoza, CEO. “We anticipate production for the following quarter will improve driven by higher copper head grade, even though we will continue to maximize ore recovery in the lower zones, as this strategy, coupled with the current drill program, should help us increase the reserves and the life of mine.”
Third Quarter Operational Highlights
- Production of 2.24 million pounds of copper contained in concentrates; a decrease of
23% over Q3 2024. - Production of 1,906 ounces of gold contained in concentrates; a decrease of
8% over Q3 2024. - Average processed tonnes per day of 741, a decrease of
3% over Q3 2024. - Copper head grade of
1.82% , a decrease of14% over Q3 2024. - Gold head grade of 1.53 grams per tonne; no significant change over Q3 2024.
- Copper and gold recovery of
91% and63% ; no significant change for copper and gold, respectively, over Q3 2024.
Third Quarter Operational Review
The El Roble mine has been undergoing a transition from the lower areas of the mine towards the new higher-grade reserves in upper areas. This planned transition schedule has been changed to take advantage of higher metal prices and accommodate adding lower grade ore not included in the current reserves report. Despite this change, new stope development in the upper higher-grade areas continues to advance and improvement in head grades should continue quarter over quarter. These changes will be reflected in the production and cost guidance for this year and revision to the same for 2025 will be as follows:
| Copper (000s pounds) | 9,000 to 9,500 |
| Gold (ounces) | 7,500 to 8,500 |
| C1 Cash Cost ($US)(1) |
Note: Please see “Non-GAAP Financial Measures” at the end of this release. C1 cash cost per pound of payable copper produced net of by-product (gold) credits and selling costs.
The planned concentrate shipment, originally scheduled for September, was postponed to October due to limited vessel availability during the quarter. Since the company recognizes revenue upon shipment of the concentrate, this development will cause all expected revenue from this period to be recorded in the fourth quarter, alongside the planned revenue for that period.
Third Quarter Operational Details
| Q3 2025 Total | Q3 2024 Total | % Change | ||
| Production(Contained in Concentrates) | ||||
| Copper (000s pounds) | 2,241 | 2,912 | - | |
| Gold (ounces) | 1,906 | 2,072 | - | |
| Mine | ||||
| Tonnes of ore mined | 61,005 | 67,869 | - | |
| Mill | ||||
| Tonnes processed | 61,392 | 67,354 | - | |
| Tonnes processed per day | 741 | 856 | - | |
| Copper grade (%) | 1.82 | 2.13 | - | |
| Gold grade (g/t) | 1.53 | 1.52 | Nil | |
| Recoveries | ||||
| Copper (%) | 91.2 | 92.3 | Nil | |
| Gold (%) | 62.9 | 62.9 | Nil | |
| Concentrates | ||||
| Copper and Gold Concentrates (dmt) | 5,721 | 7,248 | - | |
| Payable copper produced (000s lbs) | 2,102 | 2,737 | - | |
Note: Metal production figures are subject to adjustments based on final settlement. The reported results are preliminary in nature and are awaiting independent lab verification.
Concentrate Inventory
The number of shipments the Company can export in any given quarter depends on several variables some of which the Company does not control, hence there may be an inherent variability in tonnes shipped quarter to quarter.
| Q3 2025 Total | |
| Amounts in dry metric tonnes | |
| Opening inventory | 969 |
| Production | 5,721 |
| Sales | 0 |
| Adjustments | (71) |
| Number of shipments | 0 |
| Closing inventory | 6,619 |
Note: Concentrate figures are subject to adjustments based on final settlement.
El Roble Mine
The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 1,000 tonnes per day, located in the Department of Choco in Colombia. Its commercial product is a copper-gold concentrate.
Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.
El Roble’s reserves estimate, with an effective date of March 12, 2024, includes Proven and Probable mineral reserves of 828 thousand tonnes averaging
Mineralization is open at depth and along strike and the Company plans to further test the limits of the deposit. On the larger land package, the Company has identified a prospective stratigraphic contact between volcanic rocks and black and grey pelagic sediments and cherts that has been traced by Atico geologists for ten kilometers. This contact has been determined to be an important control on VMS mineralization on which Atico has identified numerous target areas prospective for VMS type mineralization occurrence, which is the focus of the current surface drill program at El Roble.
Qualified Person
Mr. Thomas Kelly (SME Registered Member 1696580), advisor to the Company and a qualified person under National Instrument 43-101 standards, is responsible for ensuring that the technical information contained in this news release is an accurate summary of the original reports and data provided to or developed by Atico.
About Atico Mining Corporation
Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. Ganoza
CEO
Atico Mining Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor Relations
Igor Dutina
Tel: +1.604.633.9022
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward Looking Statements
This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting anticipated program milestones for the Company’s mineral projects; and other risks and uncertainties disclosed under the heading “Risk Factors” in the AIF of the Company dated September 4, 2024 filed with the Canadian securities regulatory authorities on the SEDAR+ website at www.sedarplus.com
Non-GAAP Financial Measures
The items marked with a "(1)" are alternative performance measures and readers should refer to Non-GAAP Financial Measures in the Company's Management's Discussion and Analysis for the year ended December 31, 2024, as filed on SEDAR+ and as available on the Company's website for further details.
FAQ
How much copper did Atico (ATCMF) produce in Q3 2025?
What is Atico's full-year 2025 copper and gold guidance (ATCMF)?
Why were Q3 2025 results below budget for Atico (ATCMF)?
What C1 cash cost did Atico (ATCMF) forecast for 2025?
Did Atico (ATCMF) recognize Q3 2025 revenue for concentrate sales?
What operational changes affected El Roble grades in Q3 2025 for ATCMF?
