04:48 PM EST, 01/20/2025 (MT Newswires) -- Atico Mining ( ATCMF ) after trade Monday released operating results for the three months and year ended December 31 from its El Roble mine in Ecuador, saying it met its production guidance "for most metrics" and flagging planned milestones for 2025.

The company said production totaled 3.7-million pounds of copper with 1,918 ounces of gold for the fourth quarter and 13.67-million pounds of copper with 9,025 ounces of gold in concentrates for the full year.

"The company had a solid operational year overall as we met our production guidance for most metrics. Gold production was slightly below budget, primarily due to a decrease in head grade, while copper production, our primary commodity, reached this year's target. We expect these results to generate strong revenue and improved financial performance for year ended 2024," said chief executive Fernando Ganoza.

"In the coming year, we have key milestones yet to achieve. In the first quarter, we anticipate an arbitration ruling related to the royalty dispute at the El Roble mine. Furthermore, at El Roble we plan to allocate significant effort to drilling the deposit and exploring for additional mineralization in the mine vicinity. At La Plata in Ecuador, we will continue to advance the project to secure the environmental license, with the goal of reaching a positive construction decision in the second half of the year," Ganoza added.

Atico shares closed unchanged at $0.115 on the TSX Venture Exchange.