Atico Mining (TSE:ATY) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Atico Mining Corporation reported mixed results for Q1 of 2024 with a net loss of $0.4 million, despite a 39% increase in sales to $17.8 million. Production at their El Roble mine included 3.3 million lbs of copper and 2,185 oz of gold, with the CEO expressing optimism for reduced operating costs and increased revenues due to higher metal prices moving forward. Despite higher sales, the company faced a net loss, attributed to increased costs and lower realized copper prices, alongside an unrealized loss on gold hedges.
For further insights into TSE:ATY stock, check out TipRanks’ Stock Analysis page.
