First Quarter 2018 Operations Update

2018-04-11 / @fscwire

 

First Quarter 2018 Operations Update



Nicosia, Cyprus (FSCwire) - Atalaya Mining plc (AIM:ATYM, TSX:AYM) is pleased to announce its operations update for the first quarter of 2018.

 

PROYECTO RIOTINTO

 

 

First quarter

Fourth quarter

Full year

guidance

2018

2017

2017

2018

Ore mined

(M tonnes)

2.6

2.3

2.5

9.7

Waste mined

(M tonnes)

5.4

4.3

5.7

16.5

Ore milled

(M tonnes)

2.2

2.2

2.3

9.6

Cu grade

(%)

0.48

0.48

0.44

0.48

Cu recovery

(%)

88.47

84.63

86.11

84 - 86

Cu production

(tonnes)

9,441

8,805

8,622

37,000 - 40,000

 

Copper production at Proyecto Riotinto for Q1 2018 has increased to 9,441 tonnes from 8,805 tonnes reported in Q1 2017, and 8,622 tonnes in Q4 2017, representing an increase of 7.1% and 9.5%, respectively. This is Atalaya's second highest quarterly production on record. Ore milled was consistent with previous quarters and in line with management's expectations. Copper head grade has reported an improvement versus Q4 2017, in line with expectations. The increase in copper production during the quarter is mainly attributable to a record average recovery of 88.47%.

 

The company maintains its previously stated copper production guidance for 2018 of 37,000 - 40,000 tonnes.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) no 596/2014.

 

Contacts:

Newgate Communications

Charles Chichester / James Ash / James Browne

+44 20 7680 6550

4C Communications

Carina Corbett

+44 20 3170 7973

Canaccord Genuity (NOMAD and Joint Broker)

Henry Fitzgerald-O'Connor / Martin Davison / James Asensio

+44 20 7523 8000

BMO Capital Markets (Joint Broker)

Jeffrey Couch/Neil Haycock/Tom Rider

+44 20 7236 1010

 

Click on, or paste the following link into your web browser, to view the announcement in full.

 

http://www.rns-pdf.londonstockexchange.com/rns/4967K_1-2018-4-10.pdf

 

This information is provided by RNS

The company news service from the London Stock Exchange







Source: Atalaya Mining Plc (TSX:AYM, AIM:ATYM)

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