ESG

Atico production doubles despite COVID-19 measures

Copper production up 108% in March quarter

Staff reporter
 Atico Mining’s El Roble operations in Colombia

Atico Mining’s El Roble operations in Colombia

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here

It produced 4.93 million pounds of copper and 2,736 ounces of gold in concentrates, up 108% and 85% respectively, compared with the March quarter of 2019.

"The El Roble mine operated continuously under strict prevention protocols and newly implemented health policies for predominance of the quarter, with results in line with 2020 objectives," CEO Fernando Ganoza said.

The mine had 42% of the usual work force on site and contractors were down to a minimum.

Atico said it was prepared to swiftly make any necessary adjustments and had also deployed resources to help with prevention and treatment efforts and to support local communities, including donating food and medical supplies.

El Roble produced 16.85Mlb of copper with 10,480oz of gold in concentrates in 2019.

Atico has earlier put 2020 guidance at 20-21Mlb and 10,500-11,500oz respectively.

Its shares spent much of 2019 around the C30c mark before reaching 44c in January then falling to a one-year low of 16c last week.

They gained 4.76% yesterday to close at 22c, capitalising it at $26.2 million (US$18.6 million).

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.