Atico Mining swings to Q3 net loss due to shipping delay

Atico Mining

18/11/2025 21:41

Overview

Atico Mining posts $4.1 mln net loss for Q3-2025 due to shipping delay

Copper production decreases 23% yr/yr, gold production down 11%, primarily due to lower ore throughput as well as lower copper head-grades

Company reduces credit facilities and loans by $5.4 mln during Q3 and up to the date

Outlook

Atico expects gradual production improvement due to higher copper grades next quarter

Company anticipates gradual improvement in tonnage and grade next quarter

Result Drivers

SHIPPING DELAY - Delayed arrival of shipping vessel in Colombia pushed concentrate sales to Q4-2025, impacting Q3 results

HIGHER CASH COSTS - Increased cash costs due to lower copper grades and reduced ore extraction, leading to underused processing capacity

HIGHER METAL PRICES - Higher metal prices enabled mining from lower zones of El Roble mine not previously in reserves

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$4.1 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the diversified mining peer group is "buy"

Wall Street's median 12-month price target for Atico Mining Corp is C$0.40, about 50% above its November 17 closing price of C$0.20

Press Release: ID:nGNEcf7z3S

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)