Atalaya Mining Copper Share Discussion Threads

[caiman47] 13/11/2023 11:19

The announced move to Main means that they have sorted out the tax issue that was previously blocking it.

Next step should be the need to address the extreme lack of liquidity.

[laurence llewelyn binliner] 13/11/2023 07:31

Another step forward.. :o)

[waterloo01] 13/11/2023 07:15

In AL we trust. Said they would and are now doing so.

[robmcelf2] 13/11/2023 07:04

Atym released RNS today to mark their intended move to the main market from AIM - expected to be by end of next month. Good to see progress on this front and let's hope this brings additional institutional investor interest.

[robmcelf2] 08/11/2023 18:21

Results next week. Hope we get a positive update on Touro as well as confirmation we are commissioning Elix and a firm date on when the Solar farm will be up and running. ATYM Shares seem well priced for entry Imho...

[brockwl2] 02/11/2023 00:58

Electricity prices in Spain rose quite a lot in early October due to hot weather, however storms for the later part of the month have benefited wind turbines, and the average price came in at 90 euros per mwh for October.

[davebowler] 21/10/2023 14:09

Atalaya Mining (ATYM)Canaccord Genuity. Buy-600p target price Reiteration

[hubs] 18/10/2023 06:18

Thankyou. Should have looked on website for divi info, not advfn!

[slsastin] 17/10/2023 22:07

The share price seems to me to respond mainly to the spot copper price, which makes some sense.
The projected reductions in AISC, expected to be less than $3 per lb next year, makes me feel that the share price fall may be overdone. But it all depends on your view of copper price.
I like ATYM because of the growth pipeline over the next few years which I expect to be delivered.

[waterloo01] 17/10/2023 18:11

Not correct pays a very decent divi. Excellent management, focused on profits and growth. Debt free and cash flow positive

[hubs] 17/10/2023 17:48

Hi, been following this since Emed days...ADVFN shows no dividend being paid, is that correct anyone?
Chart looks a bit grim at the moment, moving averages all showing negative patterns, but I assume that is mainly global/macro pressures? Nothing unusual apart from solid, but not necessarily outstanding, results? Comment welcome, thanks.

[estienne] 12/10/2023 13:48

(Sharecast News) - Atalaya Mining said in an update on Thursday that it mined 3.8 million tonnes of ore in its third quarter, consistent with the same period in 2022 and slightly below the 3.9 million tonnes achieved in the second quarter of 2023.

The AIM-traded company said waste mined rose sharply to 9.7 million tonnes, significantly higher than the 5.8 million tonnes in the third quarter of 2022 and 8.6 million tonnes in the prior quarter of the current year.

It attributed the increase to the intentional augmentation of waste stripping at Cerro Colorado, aligning with preparation for imminent mining activities at San Dionisio slated for late 2023.

On the processing front, Atalaya processed 3.9 million tonnes of ore, parallel with the third quarter of 2022 and marginally under the 4.1 million tonnes recorded in the prior quarter.

The copper grade slightly dipped to 0.38% compared to 0.41% year-on-year and 0.40% on the quarter.

Despite the lower grades, copper recoveries were substantial, recording 87.01% - a favourable increase from 84.62% a year earlier and minutely under the 87.18% of the second quarter.

The enhanced recoveries were credited to positive ore characteristics throughout the period.

Copper production in the period was reported at 12,541 tonnes, showing a decrease compared to the 13,453 tonnes and 14,212 tonnes produced in the third quarter of 2022 and the second quarter of 2023, respectively.

However, higher-than-expected recoveries partly mitigated the impact of the diminished grades.

By the end of September, on-site copper concentrate inventories totalled 7,358 tonnes after the entirety of the concentrate stock at the start of the period was dispatched to the port at Huelva.

The firm reported a slightly elevated average realised copper price of $3.77 per pound, compared with $3.52 a year earlier and $3.81 in the prior quarter.

However, the period saw a hit in provisional revenue adjustments, with settlement and fair value adjustments totalling a negative €0.9m.

The company said it maintained a robust balance sheet, with consolidated cash and equivalents at €119m as of 30 September.

After accounting for current and non-current borrowings of €52.3m, net cash came in at €66.7m - a healthy rise from €53.1m as of 31 December 2022.

"We are pleased to be on track to achieve production within our original guidance range, thanks to steady operational performance during the quarter," said chief executive officer Alberto Lavandeira.

"Our two key capital projects - the E-LIX phase one plant and the 50 MW solar plant - continue to progress, and there is significant activity on site.

"We look forward to delivering these projects in the coming months, which are expected to unlock value, reduce costs and lower our carbon footprint."

Lavandeira said that looking at the outlook for copper, the firm was confident in its strong fundamentals.

"Even with economic uncertainties, the demand for copper is growing thanks to massive new investments in infrastructure and the energy transition.

"On the supply side, we have seen very few new large projects approved in recent years, therefore the expectation remains that a substantial deficit is unavoidable."

At 1241 BST, shares in Atalaya Mining were up 3.62% at 315p.

Reporting by Josh White for Sharecast.com.

[waterloo01] 12/10/2023 13:44

From the 2018 resource report on Touro.

Total proven and probable mineral reserves at $2.60/lb. Cu price are estimated at nearly 91 Mt grading 0.43% Cu. Contained copper is estimated at just over 391,000 tonnes.

The main conclusion of this report is that the Touro project is profitable under the evaluation scenarioused here. Higher commodity prices could increase mineral reserves through both lower cut off grades
and potentially larger pit limits.

[rogash] 12/10/2023 13:35

If and when Touro does happen, we would be in danger of being taken over.

[tightfist] 12/10/2023 11:39

Yes, Touro is nicely written up, but would take some years to come to production. Whatever, Strategic Copper resources inside the EU gets a tick from me.

[waterloo01] 12/10/2023 11:02

Indeed. Been in these since Alberto joined. Quality management. Touro from memory is basically slabs of copper, near surface. Good to see it being referenced as a possible project of strategic performance.

[slsastin] 12/10/2023 10:52

Just the words I had in my head, Waterloo, another solid update and progress along the well trailed roadmap for company growth.

[waterloo01] 12/10/2023 06:37

Steady as she goes. Elix and solar should be up and running by the next quarterly report. Touro remains a potential massive upside

[laurence llewelyn binliner] 12/10/2023 06:24

Q3 update released this morning..

[tightfist] 09/10/2023 07:20

chubb: A very wobbly market and key Support levels being breached. A useful copper overview article in this morning's FT: Copper prices have dropped 4 per cent this year to about $8,000 a tonne, down from more than $10,000 at their peak last year, as the growth in the world economy has cooled off and production at new mines in Peru and Chile has been increasing.

[chubb24] 05/10/2023 13:30

Hi all, any idea why the 8% drop over the last week?

[jonathb] 05/10/2023 12:42

Y, in addition there's the "copper paradox". In the great medium term, copper prices will zoom with EVs. In the short term, they will tank with China Real Estate and the rest of the world.

[robmcelf2] 28/9/2023 18:05

https://www.diariodehuelva.es/articulo/area-metropolitana/junta-da-luz-verde-aai-innovadora-planta-lix-mina-riotinto/20230928171911309257.htmlLocal government five ATYM Green light for Elix to start producing. I wonder if we will see an RNS for this?

[tommyttrades] 28/9/2023 12:56

I don't see those energy prices remaining low , especially as we come to the winter months.
The solar farm will negate any rises, hopefully

Oil at $94 and the Spanish Gov buying Russian Oil via India to " clean it " when they have cheaper sources in both France & Portugal

Only holding two miners, both producers throwing off cash, absolutely no interest in anything speculative or needing financing in current climate

[brockwl2] 21/9/2023 07:48

Average electricity prices in August was 83.
September is averaging 100.
Still well below last year.