Atalaya Mining (LSE:ATYM) has issued a follow-up statement addressing shareholder feedback from its June 2025 annual general meeting, where all resolutions were approved but four items linked to governance and executive pay attracted less than 80% support. The board said it had carefully considered the concerns raised by investors.

The company acknowledged questions around the historic meeting attendance of director Jesús Fernández and said he has committed to improving participation going forward. The board also recognised shareholder unease relating to legacy long-term incentive arrangements and a one-off transitional share award made to the chief executive.

Since the AGM, Atalaya said it has updated its remuneration framework and received strong support for a new Directors’ Remuneration Policy. Management expects this to translate into improved voting outcomes on future remuneration resolutions. The company added that no major shareholders have requested further engagement on the matter, indicating that the issues are largely resolved for the time being.

From a broader perspective, Atalaya Mining’s outlook continues to be underpinned by a solid financial recovery, supportive technical indicators and positive corporate developments. These factors strengthen its positioning within a constructive copper price environment, although historical share price volatility and relatively modest valuation metrics suggest a balanced, cautiously optimistic outlook.

More about Atalaya Mining

Atalaya Mining Copper, S.A. is a European copper producer that owns and operates the Proyecto Riotinto mining complex in southwest Spain. The group’s assets include the Cerro Colorado open-pit mine and a 15 million tonne-per-year processing plant, which serves as a central hub for ore from surrounding projects.

The company is listed on the Main Market of the London Stock Exchange and is a constituent of the FTSE 250. In addition to Proyecto Riotinto, Atalaya holds interests in Proyecto Masa Valverde, Proyecto Riotinto East, a phased earn-in to Proyecto Touro in northwest Spain, and a 99.9% stake in Proyecto Ossa Morena.

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