Canada's Atico Mining Q1 swings to profit helped by higher sales

Atico Mining

26/05/2026 21:41

Overview
Q1 net income reached $2.8 mln, reversing a loss in the prior-year quarter
Canada copper and gold miner's Q1 revenue rose 54% yr/yr on higher prices and sales volume
Company reduced working capital deficit to $9.6 mln from $20.2 mln at year-end

Outlook
Company aims to strengthen balance sheet in near term through deleveraging

Result Drivers
HIGHER METAL PRICES - Co said record revenue growth was driven by higher realized prices for copper and gold
GREATER SALES VOLUME - Revenue rose 54% yr/yr due to increased sales volume of copper and gold
LOWER CASH COST PER POUND - Cash cost per pound of payable copper produced fell 54% yr/yr, mainly due to higher gold by-product credits

Company press release: ID:nGNX1RLKQ6

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$30.60 mln
$23 mln (1 Analyst)
Q1 Net Income
 
$2.80 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$0.60, about 118.2% above its May 25 closing price of C$0.28
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

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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.)