Atico Reports Third Quarter Financial Results of 2019

Nov. 20, 2019 06:13AM PST

Atico Mining announced its financial results for Q3 2019, posting income of US$2.5 million and a net loss of US$0.3 million.

Atico Mining (TSXV:ATY,OTC:ATCMF) today announced its financial results for the three months ended September 30, 2019, posting income from mining operations of US$2.5 million and a net loss of US$0.3 million.

As quoted in the release:

Fernando E. Ganoza, CEO and director, commented, “This quarter we had record production and achieved a very competitive all-in sustaining cash cost of US$1.52. Unfortunately, these achievements did not reflect in the financial results as the second concentrate shipment was delayed to the fourth quarter, along with the revenue associated with those tonnes. For the fourth quarter, with this additional shipped concentrate, we anticipate strong results which we expect will show robust financial performance for the second half of this year.”

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