Overview

* Atico Mining ( ATCMF ) Q2 sales rise 94% yr/yr to $21.1 mln, driven by strong metal prices

* Net income for Q2 reaches $2.7 mln, reversing a loss from the previous year

* Copper production drops 42% due to lower ore throughput and grades

Outlook

* Atico expects gradual operational improvements to enhance financial results this year

* Company plans continued development in higher-grade zones at El Roble

* Atico conducting 6,000-meter drill program to extend El Roble mine life

Result Drivers

* STRONG METAL PRICES - Increased concentrate sales and strong metal prices contributed to improved financial performance, per CEO Fernando E. Ganoza

* LOWER PRODUCTION - Copper production decreased by 42% and gold by 16% due to lower ore throughput and grades

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales $21.10

mln

Q2 Net $2.70

Income 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 ( ATCMF ) is C$0.45, about 72.2% above its August 18 closing price of C$0.13

Press Release:

(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.)