Atico Mining

Atico Mining Corporation obtains the Certificate of Viability for the Tailing and Barren Rock Storage Facilities for La Plata Project in Ecuador

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) is pleased to announce that it has received its certificate of viability ("the Certificate") from the Mining and Energy Ministry for the construction and operations of its filtered tailing and barren rock storage facilities for La Plata mining project located in Ecuador (the "La Plata project").


Following the announcement that the Ministry of Environment and Ecological Transition of Ecuador had signed the approval of the Environmental Impact Study (EIA) for its La Plata project, the Ministry of Mines and Energy has followed by delivering to Atico the Certificate for the construction of the filtered tailings and barren rock storage facilities. The subsequent step in the permitting process, before the construction of the mine can begin, is the socialization of the results of the EIA with the neighboring communities which will be done in collaboration with officials of the regional government. The conclusion of this process will then allow the government to present to the Company the Environmental Licence, being the final document required to start earth movements and construction.

The La Plata project plan consists of a 900 tpd underground mining operation with state-of-the-art infrastructure, the most significant infrastructure being the construction of a filtered tailings facility, a first of its kind in Ecuador. This technology, already used at our El Roble mine in Colombia, allows for efficient use of water by significantly reducing water consumption through recirculating almost all of the water needs for the processing plant. The La Plata project also includes the upgrade of other infrastructures including the upgrade of the access road, a 69kV powerline and a flotation plant with its filtered tailing facilities. The GAD and Water Management Association are presently working on water infrastructures projects. These water projects will permit the upgrade and modernization of the existing water supply facilities providing a better quality of water delivered to operations and the surrounding communities.

Atico Mining's success and culture are based on investing in sustainable development in communities where it operates through responsible mining with a tremendous emphasis on the surrounding environment.

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 being offered 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, without limitation the use of net proceeds, 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; the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the coronavirus pandemic is minimized or not long-term; disruptions related to the COVID-19 pandemic or other health and safety issues, or the responses of governments, communities, the Company and others to such pandemic or other issues; and other risks and uncertainties disclosed under the heading "Risk Factors" in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com.


Click here to connect with Atico Mining Corporation (TSX.V: ATY | OTC: ATCMF ) to receive an Investor Presentation

Source

ATY:CA
The Conversation (0)
Atico Mining Announces Completion NI 43-101 Feasibility Study for the La Plata Project in Ecuador

Atico Mining Announces Completion NI 43-101 Feasibility Study for the La Plata Project in Ecuador

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) is pleased to announce the results of the Definitive Feasibility Study (the "DFS" or the "Study") for its 100% owned La Plata Project ("La Plata") located in Ecuador. The DFS was prepared in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Please note that all financial figures in this press release are in United States dollars, unless otherwise noted.

Key Highlights:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Atico Reports Consolidated Financial Results for First Quarter of 2024

Atico Reports Consolidated Financial Results for First Quarter of 2024

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended March 31, 2024, posting income from mining operations of $2.8 million and a net loss of $0.4 million. Production for the period at Atico's El Roble mine totaled 3.3 million pounds ("lbs") of copper and 2,185 ounces ("oz") of gold in concentrate at a cash cost (1) of $2.57 per payable pound of copper (2) .

Fernando E. Ganoza, CEO and Director, commented, "the operational and financial results for this quarter were in line with Company expectations. We are already into development of the newly discovered reserves and have been making additional investments in preparation for ore extraction from these areas." Mr. Ganoza continued, "for the remainder of the year, we should start to see an improvement in our operating costs as we progressively gain access to mining the upper areas of the mine, while at the same time the recent increase in metals prices, particularly in copper should be positively reflected in our revenue and margin."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Atico Produces 3.34 Million Pounds of Cu and 2,156 Ounces of Au in First Quarter 2024

Atico Produces 3.34 Million Pounds of Cu and 2,156 Ounces of Au in First Quarter 2024

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended March 31, 2024 from its El Roble mine. Production for the quarter totaled 3.34 million pounds of copper and 2,156 ounces of gold in concentrates, an increase of 44% for copper and a decrease of 16% for gold, respectively, over the same period in 2023.

"The El Roble mine operated in line with set expectations for this quarter as we improved on almost all metrics over the same period last year," said Fernando E. Ganoza, CEO. "For the remainder of the year, the team will be focused on optimizing production to take advantage of the higher metal price environment and to deliver on this year's set guidance. In parallel, we continue to drill new high-grade resources in the mine vicinity target areas. These new areas will be incorporated into our mine plan as well as the new resource update which is planned to be published imminently."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Atico Reports Consolidated Financial Results for 2023

Atico Reports Consolidated Financial Results for 2023

(All amounts expressed in US dollars, unless otherwise stated)

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the year ended December 31, 2023, posting income from mining operations of $7.4 million and a net loss of $5.8 million. Production for the year at Atico's El Roble mine totaled 13.2 million pounds ("lbs") of copper and 10,149 ounces ("oz") of gold in concentrate at a cash cost ( 1) of $2.04 per payable pound of copper (2) .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Atico Reports Multiple High Grade Intercepts up to 20.70m of 5.76% Cu, 4.46 g/t Au and 11.50m of 8.16% Cu, 8.09 g/t Au and Continues to Extend the Ore Body at El Roble Mine in Colombia

Atico Reports Multiple High Grade Intercepts up to 20.70m of 5.76% Cu, 4.46 g/t Au and 11.50m of 8.16% Cu, 8.09 g/t Au and Continues to Extend the Ore Body at El Roble Mine in Colombia

Atico Mining Corporation (TSX.V: ATY | OTCQX: ATCMF) ("Atico" or the "Company") is pleased to announce positive results for the latest 49 drill holes being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for sixteen diamond drill core holes (see first table below), which included 20.70m of 5.76% Cu, 4.46 gt Au and 11.50m of 8.16% Cu, 8.09 gt Au. Ore grade intercepts in another fourteen drill holes are also reported over narrower widths of approximately 1 to 2 meters in areas with limited drilling which highlights the possibility of further extending the ore body with additional drill programs.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
True North Copper

TNC Delivers First Oxide Ore at Wallace North, Cloncurry Copper Project

True North Copper Limited (ASX:TNC) (True North, TNC or the Company) is pleased to announce it is progressing mining activities at the Wallace North deposit, part of its Cloncurry Copper Project (CCP) in Queensland1, on schedule.

Keep reading...Show less
Copper chunk on top of copper periodic symbol.

Artemis and Anax Enter MOU to Explore Pilbara Copper and Gold Opportunities

Artemis Resources (ASX:ARV,OTC Pink:ARTFF) and Anax Metals (ASX:ANX) have entered a 12 month memorandum of understanding (MOU) to explore copper and gold opportunities in Western Australia.

In a Tuesday (September 10) press release, the companies said under the non-binding and non-exclusive MOU, they will assess the potential to process copper from Artemis’ Greater Carlow resource at the Whim Creek processing hub.

Additionally, they will to look into the potential for Artemis to explore gold mineralisation on tenements held by Anax.

Keep reading...Show less
Three copper bars.

ASX Copper Stocks: 5 Biggest Companies in 2024

Copper saw sinking prices toward the end of 2023, but things began to shift in early 2024 as treatment charges at Chinese refiners dropped to single digit lows, causing some to cut production.

This led to increased momentum in the price of copper as refined product supply became increasingly tight for consumers of the base metal. In April, the price broke US$10,000 per tonne and set new all time highs on both the London Metals Exchange and the Chicago Mercantile Exchange.

Copper has since retreated and has been trading in the US$8,800 to US$9,200 range mark in August and September. Despite recent pullbacks, prices are likely to see gains as markets supply deficits are expected over the next several years as demand from energy transition sectors continue to grow.

Keep reading...Show less
Anax Metals (ASX:ANX)

Anax Metals Limited


Keep reading...Show less
Osisko Metals (TSXV:OM)

Osisko Metals


Keep reading...Show less
Line of dump trucks moving ore at open-pit mine.

Stripping Ratios: What Are They and Why Are They Important? (Updated 2024)

A strip ratio, or stripping ratio, is an important measurement related to the open-pit mining process.

Put simply, the stripping ratio is the amount of waste material, also known as overburden, that must be moved in order to extract a given amount of ore.

That said, stripping ratios are not only about the volume of unwanted material present at a site; they also take into account the types of material that must be removed to reach the ore. After all, moving lightweight material like sand or dirt is simpler than moving hard rock.

Keep reading...Show less

Latest Press Releases

Related News

×