Atico Mining Produces 4.28 Million Pounds of Copper in Q1 2016

Atico Mining (TSXV:ATY) released its operating results for the three months ended March 31 2016, reporting production of 4.28 million pounds of copper and 2,566 ounces of gold for the quarter. That’s an increase of 114 percent for copper and 12 percent for gold, year-on-year.
As quoted in the press release:

First Quarter Operational Highlights

• Production of 4.28 million pounds of copper contained in concentrates; an increase of 114% over Q1 2015.
• Production of 2,566 ounces of gold contained in concentrates; an increase of 12% over Q1 2015.
• Average processed tonnes per day of 778, an increase of 40% over Q1 2015.
• Copper head grade of 3.81%, an increase of 31% over Q1 2015.
• Gold head grade 2.25 grams per tonne; a decrease of 28% over Q1 2015.
• Copper and gold recovery of 94.4% and 67.2%; an increase of 1% for copper and no significant change for gold over Q1 2015.

First Quarter Operational Review
Optimization of the operation continued throughout the first quarter with positive results in increasing the daily throughput and mill capacity. Copper recovery has continued to improve quarter over quarter maintaining historical highs, while gold recovery still shows opportunity for further improvements. We plan to capitalize on these opportunities in gold recovery throughout the year by focusing on commissioning of newly installed equipment. The operation saw its highest throughput average to date while the current production schedule continues on track for the operation to deliver on guidance throughout the remainder of the year.

Click here for the full press release.