Atalaya Mining PLC Announces Q1 2023 Financial Results
Q1 2023 Financial Results Positive start to 2023 supports optimism for full year production and costs
NICOSIA, CYPRUS / ACCESSWIRE / May 15, 2023 / Atalaya Mining Plc (AIM:ATYM) is pleased to announce its unaudited quarterly results for the three months ended 31 March 2023 ("Q1 2023" or "Period"), together with its unaudited interim financial statements for Q1 2023.
Highlights
Positive financial performance including EBITDA of €24.4 million
Copper production of 12.1 kt at AISC of $3.12/lb Cu, despite the decision to bring forward plant maintenance activities into Q1 2023
The publication of the new Riotinto PEA and grant of environmental permits at Masa Valverde reinforce Atalaya's optionality and growth potential in the Riotinto District
Continued investments made in growth, cost reductions and decarbonisation, including exploration, E-LIX Phase I and the 50 MW solar plant
Balance sheet remains strong with net cash of €55.3 million
On track to meet full year 2023 outlook due to steady operational performance and improved electricity prices
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Atalaya Mining Plc
1 Lampousas Street
1095 Nicosia, Cyprus
Tel: +357 22442705
Fax: +357 22442708
www.atalayamining.com
SOURCE: Atalaya Mining PLC
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