The Conversation (0)
Atico Mining Reports 2015 Production Results From El Roble
Jan. 18, 2016 03:13PM PST
Base Metals Investing 
Atico Mining (TSXV:ATY) announced its operating results from its El Roble mine in Colombia Highlights for the year ended December 2015. Results included production of 12 million pounds of copper and 10,994 ounces of gold for the year.
Atico Mining (TSXV:ATY) announced its operating results from its El Roble mine in Colombia Highlights for the year ended December 2015. Results included production of 12 million pounds of copper and 10,994 ounces of gold for the year.
As quoted in the press release, highlights included:
Fourth Quarter
- Production of 3.88 million pounds of copper contained in concentrates; an increase of 33% over Q4 2014.
- Production of 3,436 ounces of gold contained in concentrates; an increase of 4% over Q4 2014.
- Average processed tonnes per day of 729; an increase of 32% over Q4 2014.
- Copper and gold head grades of 3.34% and 2.63 grams per tonne; a decrease of 7% and 29% over 2014.
- Copper and gold recovery of 94.4% and 72.7%; increase of 3% and 5% over Q4 2014.
2015 Year-end
- Production of 12 million pounds of copper contained in concentrates; an increase of 32% over 2014.
- Production of 10,994 ounces of gold contained in concentrates; an increase of 15% over 2014.
- Average processed tonnes per day of 626; an increase of 35% over 2014.
- Copper and gold head grades of 3.24% and 2.81 grams per tonne; a decrease of 4% and 15% over 2014.
- Copper and gold recovery of 94.1% and 69.2%; increase of 3% and 3% over 2014.
Atico CEO, Fernando E. Ganoza, said:
Atico has successfully concluded its second full year of operating the El Roble mine, exiting the year with a run rate above budgeted 650 tonnes per day. In the fourth quarter the operation saw its highest throughput to date with further opportunities still remaining to optimize the mill. These achievements along with the tremendous effort from our operations team have resulted in the operation catching-up on most of the shortfall from the first two quarters of 2015. In the new year, the operations team will continue to focus on further optimizing the El Roble mill, completing the ramp to the lowest levels of discovered mineralization and the second phase of the tailings facility.
ATY:CA