Atico Produces 2.80 Million Pounds of Cu and 2,294 Ounces of Au in Second Quarter 2023

Atico Produces 2.80 Million Pounds of Cu and 2,294 Ounces of Au in Second Quarter 2023

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended June 30, 2023 from its El Roble mine. Production for the quarter totaled 2.80 million pounds of copper and 2,294 ounces of gold in concentrates, a decrease of 22% for copper and 18% for gold, over the same period in 2022.

"The El Roble mine continued to show improvement for the period in terms of both processed tones and increase in head grades over the previous quarter. The processing plant is again reaching steady state levels of 900 tonnes per day while the mine continues to transition back into higher grade areas. We anticipate further improvement in overall production results and metal output for the second half of the year," said Fernando E. Ganoza, CEO. "For the remainder of the year we will continue our strong focus towards mine vicinity exploration at the El Roble mine, looking to build on the success of the recent drill results in the historic areas of the deposit."

Second Quarter Operational Highlights

  • Production of 2.80 million pounds of copper contained in concentrates; a decrease of 22% over Q2 2022.
  • Production of 2,294 ounces of gold contained in concentrates; a decrease of 18% over Q2 2022.
  • Average processed tonnes per day of 800, a decrease of 10% over Q2 2022.
  • Copper head grade of 2.04%, a decrease of 36% over Q2 2022.
  • Gold head grade of 1.78 grams per tonne; a decrease of 28% over Q2 2022.
  • Copper and gold recovery of 91.1% and 58.7%; no significant change for copper and a decrease of 7% gold over Q2 2022.

Second Quarter Operational Details

Q2 2023 Total Q2 2022 Total % Change
Production (Contained in Concentrates)
Copper (000s pounds) 2,804 3,591 -22%
Gold (ounces) 2,294 2,811 -18%
Mine
Tonnes of ore mined 72,340 61,667 17%
Mill
Tonnes processed 68,471 56,172 22%
Tonnes processed per day 800 889 -10%
Copper grade (%) 2.04 3.17 -36%
Gold grade (g/t) 1.78 2.47 -28%
Recoveries
Copper (%) 91.1 91.4 Nil
Gold (%) 58.7 62.9 -7%
Concentrates
Copper and Gold Concentrates (dmt) 6,784 8,278 -18%
Payable copper produced (000s lbs) 2,639 3,411 -23%

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.

Q2 2023 Total
Amounts in dry metric tonnes
Opening inventory 6,647
Production 6,784
Sales (6,597 )
Number of shipments 1
Adjustment 20
Closing inventory 6,854

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 has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent as of September 30 th , 2020. 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 | OTC: 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; 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


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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.

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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."

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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."

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

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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

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(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Vertex Minerals Limited  Appointment of Joint Chief Financial Officers

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Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce the appointment of Vince Fayad and Kurt Laney as Joint Chief Financial Officers (CFO) of the Company.

HIGHLIGHTS:

- Appointment of Vince Fayad and Kurt Laney as Joint Chief Financial Officers

- Both bring extensive experience in the public company sector, with a strong focus on the mining industry

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- Based in Sydney

Vince and Kurt bring a wealth of experience in both the mining and public company sectors. Their combined experience, together with their broader expertise in handling larger trading entities, will be invaluable as the Company progresses towards its next stage of production. Vince and Kurt will work alongside the management team at Hill End, with a particular focus on supporting the evolution of the Company's processes and controls across the accounting, finance and treasury functions as Vertex transitions to production.

Both Kurt and Vince are Chartered Accountants and their experience includes:

- Vince has over 40 years' experience in corporate finance, international M&A, accounting and other advisory related services in Sydney-based mid-tier accounting firms. His experience ranges from provision of corporate, accounting and secretarial services, together with strong commercial acumen particularly, in the planning and execution and of development strategies for projects as well as acquisition skills.

- Kurt is an experienced Chartered Accountant with over ten years of experience specialising in the provision of accounting for publicly listed companies, taxation, and corporate secretarial services.

Vince brings extensive public company experience, including his current role as Executive Director and Joint Company Secretary of Astute Metals NL (ASX:ASE). Kurt also serves as CFO and Joint Company Secretary of ASE. Over the past decade, both Vince and Kurt have held Joint CFO and Company Secretary roles across several other ASX-listed companies.

Executive Chairman Roger Jackson commented, "I am delighted with the appointment of Vince and Kurt. They bring not only a strong degree of financial acumen, but also have extensive public company experience and, being Sydney-based, will integrate well with our project team and operations. These skills will be invaluable as the Company moves forward. I look forward to working with Vince and Kurt".



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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Lumina Gold Closes US$20 Million Convertible Debt Private Placement

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Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that, further to its news release dated April 21, 2025 it has closed the private placement (the "Private Placement") issuance of an aggregate principal amount of US$20 million unsecured convertible notes (the "Notes") bearing interest at a rate of 6.0% per annum.

Lumina Gold Logo (CNW Group/Lumina Gold Corp.)

The Notes and any securities issuable upon conversion are subject to a four month hold period expiring on September 7, 2025 in accordance with applicable Canadian securities laws. No securities have or will be issued as bonuses, finder's fees or commissions in connection with the Private Placement.

About Lumina Gold

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based exploration company focused on the Cangrejos project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Pre-Feasibility Study for the Project, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

Follow us on: Twitter , LinkedIn or Facebook .

Further details are available on the Company's website at https://luminagold.com . To receive future news releases please sign up at https://luminagold.com/contact .

Lumina Gold Corp.

Signed: "Marshall Koval"

Marshall Koval , President & CEO, Director

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 news release.

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SOURCE Lumina Gold Corp.

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Questcorp Signs Option Agreement to Acquire 100% Interest in La Union Project, Sonora, Mexico and Completes Technical Report for La Union Project

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce that further to its news release dated September 6, 2024, it has entered into a definitive option agreement (the "Option Agreement") for the 2,520.2 hectare La Union carbonate replacement project located in Sonora, Mexico (the "Project" or "La Union") with Riverside Resources Inc. ("Riverside") and its wholly-owned subsidiary, RRM Exploracion, S.A.P.I. DE C.V. (the "Vendor") dated May 5, 2025 (the "Transaction"). The Company has also completed and filed on SEDAR+ the La Union Technical Report (the "Report") in support of the Transaction (as defined below).

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WESTERN COPPER AND GOLD CONTINUES BOARD RENEWAL PROCESS

WESTERN COPPER AND GOLD CONTINUES BOARD RENEWAL PROCESS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce further progress on its board renewal process.

Western Copper and Gold Corporation Logo (CNW Group/Western Copper and Gold Corporation)

In connection with the upcoming Annual General Meeting ("AGM"), Dr. Bill Williams will retire from his last remaining board position, and Tara Christie will not stand for re-election in order to focus on her existing executive priorities. Western is pleased to announce the nomination of Pamela O'Hara for election to the board of directors at the Company's AGM on June 12, 2025 .

Ms. O'Hara brings over 30 years of experience advancing mining and transportation infrastructure projects, as well as a deep level of expertise in the Yukon . She has been heavily involved in permitting large projects including Ekati, Voisey's Bay, Wolverine, Hope Bay , Canadian Pacific Railway, and the Port of Vancouver . A Registered Professional Biologist and Certified Sustainability (ESG) Practitioner, Ms. O'Hara is known for delivering innovative, community-focused projects and successfully navigating regulatory environments. Ms. O'Hara holds a B.Sc. in Biology and Oceanography from the University of British Columbia and an M.Sc. in Environment and Management from Royal Roads University.

"On behalf of the Board, I would like to sincerely thank Bill for his many contributions to Western over the years and wish him all the best in his retirement," said Sandeep Singh , President and CEO. "We also thank Tara for her years of dedicated service and support to Western. Looking ahead, as we advance the Casino Project through environmental assessment and permitting, Pamela's proven ability to navigate regulatory processes and deliver major projects will be a significant asset to the board of directors and the broader team."

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

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