Atalaya Mining Copper Share Discussion Threads

[tommyttrades] 03/4/2023 18:34

Agree, especially in 2023, then onwards really start throwing out cash and AICS drop with the addition of Zinc & lead, lower energy costs, E-Lix to around $2

Not in our best interests to have any low offers at the present

Currently 4 large mining Co's in Andalucia ...Probably go down to 2

ALways wondered why Trafigura sold their share out of Matsa to Sandfire for a total US$1.865 billion for the 100% of company

They kept the 100% offtake agreement in place

[saracen3] 03/4/2023 18:12

Glenmore has bid for Teck Resources today, mainly copper producer. Not many companies and projects available. Atalaya is a sitting duck.

[tommyttrades] 03/4/2023 17:44

Those energy prices can be accessed here, hxxps://euenergy.live/country.php?a2=ES&utm_content=cmp-true

Daily price on a monthly basis

Weekends far less


Canaccord still have ATYM as a buy ....target price now 595p

[brockwl2] 31/3/2023 22:54

Electricity for March averaged 90 euros per mwh
This compares to 135 in February.
Moving in the right direction.

[robmcelf2] 28/3/2023 06:07

Interesting that the local press reported todays RNS about PMV, 5 days ago... anyway, good news!

[zho] 24/3/2023 11:15

Power prices might have dropped, but European industrial players are still counting the costs of last year’s skyrocketing bills. Atalaya Mining (ATYM), which runs a copper mine in Spain, saw its profits for 2022 tumble even with a fairly strong copper price because of a €64mn (£56mn) rise in energy costs. Shareholders will feel this keenly, as the dividend is set at 30-50 per cent free cash flow....

[waterloo01] 24/3/2023 06:49

Excellent

PEA demonstrated potential uplift in production and reduction in cash costs

Atalaya Mining Plc (AIM: ATYM) is pleased to announce its audited consolidated results for the year ended 31 December 2022 (“FY2022”; or the “Period”).

Atalaya Mining Plc (AIM: ATYM) is pleased to announce the filing of the technical report ("Technical Report") related to the new preliminary economic assessment ("PEA") for the Cerro Colorado, San Dionisio and San Antonio deposits at its Proyecto Riotinto ("Riotinto") operation in Spain, the results of which were announced on 23 February 2023 by the Company.
Riotinto is Atalaya's flagship asset and currently consists of the operating Cerro Colorado open pit mine, a modern 15 Mtpa processing plant and significant supporting infrastructure. The San Dionisio and San Antonio deposits are located adjacent to the Cerro Colorado pit and the objective of the PEA was to incorporate these deposits into a new integrated mine plan for Riotinto.

The PEA demonstrated strong potential economic results over a range of metals price assumptions, including an after-tax NPV(8%) of $1.07 billion at $3.50/lb Cu, $1.20/lb Zn and $0.95/lb Pb ("Base Case" metals prices) and an after-tax NPV(8%) of $1.57 billion at $4.03/lb Cu, $1.20/lb Zn and $0.95/lb Pb ("Sensitivity Case" metals prices).

The Technical Report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.atalayamining.com.

[qs99] 23/3/2023 16:02

Chugging along v. nicelY!

[robmcelf2] 22/3/2023 20:42

I spotted in the Spanish press today that proyecto masa valverde (pmv) seems to have gained the environmental permit (link below). In the results announcement today it says the PMV permitting is ongoing...https://andevaloyminas.com/atalaya-cautelosa-quedan-muchos-anos-para-que-masa-valverde-genere-beneficios-en-la-zona/

[brockwl2] 22/3/2023 18:58

Ruvic, have you read the RNS from 13th March, which details what Canadian shareholders need to do?

[laurence llewelyn binliner] 22/3/2023 17:33

#ruvic, if you have bought AYM, that is what you have got on the Canadian TSE listing shares, if you want ATYM on the London you will need to buy those instead or just keep the AYM, they both pay the same dividend..

[edit], I was not aware of the TSX de-listing, but IB are pretty good with their corporate actions so check in your account management for actions needed to authorise..

13.03.2023 - Following the de-listing from the TSX, Canadian shareholders wishing to trade their shares on AIM will require that such shares are made eligible to be transferred and settled though CREST, the United Kingdom ("UK") based share transfer and settlement system..

[estienne] 22/3/2023 14:35

AYM is Anglesey Mining. ATYM is a copper mining company in Spain

[ruvic] 22/3/2023 14:27

Does anyone know if my AYM shares will be automatically converted to ATYM in my IBRK account?

[brockwl2] 22/3/2023 13:45

Presentation good as usual.
In summary it seems a no brainer over a 3 year period. But most of the upside comes later rather than earlier.
2023 some cost reduction due to new electricity 10 year deal.
2024 further cost reduction due to solar, and e-lix grade benefits.
2025/26 onwards extra ore from other areas, sees output significantly increase.

Most of the financial projections, which were particularly impressive at 2026,
were very conservative.
Only showing 3.6 and 4 dollar copper, plus I thought he said costed without taking solar and e-lix into account.

So may have a 18 month wait before we see good gains here, but when they come they should be worth the wait.

[brockwl2] 22/3/2023 08:35

Results better than I expected, But going forward I was hoping elix and solar would help 2023.
However looks like we need to wait for 2024 for those improvements and cost benefits.
Dividend is a small bonus as wasn't expecting anything.
Suspect market will see these as slightly negative in the short term.

[saracen3] 22/3/2023 07:43

Please post Canaccord comments thanks

[gekks] 22/3/2023 07:33

Good to see these results, and next quarter should really reflect all the input cost reductions - hopefully E-Lix plant is imminent.

[waterloo01] 22/3/2023 07:25

Decent results despite the cost increases and maintained divi.

[tommyttrades] 15/3/2023 08:23

So annual results out next week..

Don't forget that questions can be sent in advance for the Q& A webinar

hxxps://www.investormeetcompany.com/atalaya-mining-plc/register-investo

[brockwl2] 13/3/2023 17:58

Electricity prices been averaging around 140 since I last updated, but big falls in recent days resulted in 30 on Sunday.
Long may it continue.

[tommyttrades] 13/3/2023 13:01

Mine still show @ 5.90 (C$5.90 = £3.54)

Strange action on the 9th (post initial date of 8/03 for delisitng) when they actually ended day @ C$6.25


I don't see any problems here, fully funded exploration, still throwing off cash, self financing, unless we get Touro approval, where we'd need £50m which isn't a problem.

Not many miners in a safe jurisdiction with lots of FCF & not loaded with debt

I'd rather we focused on the Eastern extension,Campanario, Masa Valverde, Osso Marena and with higher grades.

[qs99] 13/3/2023 12:00

Hi Selber83, yes that is probably right, some TSX shareholders off loading....DYOR

[selber82] 10/3/2023 18:00

Qs99
Suggest the TSX delisting would cause this current turbulence .There will be tracker funds who probably specialise in TSX listec companies only so they perhaps are ooloading.
We should be back to normal in a week or so I hope.
Selber 82

[qs99] 09/3/2023 11:56

Wonder why the fall?

Full Listing would really help IMO