Tag: Atico Mining Corp.

Atico Mining Corp. (TSXV:ATY) – Solid Q4 Operations Precedes Expected Strong Q4 Financial Results

January 17, 2020

Atico Mining delivered solid Q4/19 and FY/2019 production results at its El Roble mine in Colombia. The company produced 5.6Mlbs Cu and 3.5koz Au in Q4/19 and 16.9Mlbs Cu and 10.5koz Au in 2019, effectively in line with guidance. We are expecting an exceptionally strong Q4 financials, as the company made two concentrate shipments in the quarter. Another solid operational quarter from Atico confirms our view that Atico is a low-cost copper-gold producer capable of generating FCF funding for exploration at two prospective projects.

Atico Mining Corp. (TSXV:ATY) – Delayed Shipment Impacts Q3 Financials; Strong Q4 Expected

November 21, 2019

Atico Mining announced Q3 financial results following record quarterly production. However, the strong operating results were not yet reflected in the financials, as a concentrate shipment was delayed until Q4. With two shipments now expected in Q4, we expect a very strong financial performance to be reflected in Q4. Atico remains a low-cost copper-gold producer capable of generating FCF with significant exploration upside at El Roble (Colombia) and La Plata (Ecuador).

Atico Mining Corp. (TSXV:ATY) – El Roble Back at Full Pace; Positioned to Fund Growth

October 23, 2019

Impact: Positive
Atico Mining Corp. announced positive Q3 production results from its El Roble mine in Colombia. The results are well ahead of Q2/19’s production, which was impacted by a labour dispute, and in line with Q4/18. We expect the Q3/19 operating results to translate positively into financials for the quarter. Following the recent acquisition of La Plata in Ecuador, Atico has added future growth to go with its steady cash flow and exploration upside at El Roble. We believe that a combination of operating execution, development progress at La Plata and exploration success should re-rate this stock.

Q3 Reporting Preview – Precious Metals Miners Poised to Shine with Q3/19 Results

October 9, 2019

The recent rally in precious metals (gold up 12.7% QoQ and silver up 13.9% QoQ– Figure 2) is going to be reflected in Q3 results when reporting starts for precious metals miners on October 30 (Figure 3). While strong commodity prices have already buoyed stocks, we expect a further rally for producers going into Q3 financial results as strong metals prices should drive Q3 estimates higher, indicating improved QoQ financial performance ahead of results. While we believe all of our producers under-coverage are poised for a strong quarter, our top pick is RNC Minerals (TSX:RNC, FV est. C$1.00) as we expect strong production results to translate into positive operating cash flow for the first time in 2019.

H2/19 Explorer Preview – Looking for Winners in the Upcoming Drill Season

June 20, 2019

Introducing our inaugural Exploration Preview, which focuses on names within our coverage universe with drill bit torque. We review the exploration potential and try and quantify the potential impact on the share price should the company be successful in delivering results. We believe that exceptional drill results can create value regardless of where we are in the commodity cycle. Our top ideas are highlighted in Figure 1 below and will be presented in a similar alphabetical order within this document, bifurcated for precious and base metals focus.

Atico Mining Corp. (TSXV:ATY) – Successfully Resumes Operations at El Roble

May 31, 2019

Impact: Mildly Positive

Atico has announced positive Q1/19 financial results, which was highlighted by a strong balance sheet despite the mine shut down. Our recent RCKS Webinar shed light on a number of positive developments including the successful resumption of operations. Our fundamental view is unchanged, we believe Atico is a low-cost producer with the ability to generate significant FCF with exploration upside that should generate significant FCF, which trades at a discount to peers.

Atico Mining Corp. (TSXV:ATY) – Strike Over, Shovels In, Drills Turning

April 29, 2019

Impact: Positive

Atico has announced the end of its labor-strike and is resuming all regular activities including production and exploration drilling. This should allow the company, to get back to generating FCF from operations and testing the exploration potential of El Roble. Our fundamental view is unchanged, we believe Atico is a low-cost producer with exploration upside that should generate significant free cash flow providing the capital required for growth.

Atico Mining Corp. (TSXV:ATY) – Strong Q1 Interrupted by Soon to be Over Strike

April 16, 2019

Impact: Positive

Atico announced strong Q1 production results (excluding the strike) and provided an update on the ongoing labour dispute that suggests that the mine should be up and running within two weeks. While the company has adjusted guidance to account for more than a two-month interruption, we expect the strong pace that Atico ended 2018 and started 2019 to resume in May. We continue to believe Atico is a low-cost producer with exploration upside that should generate significant free cash flow upon resumption of operations.

Atico Mining Corp. (TSXV:ATY) – Guidance Suggests More than the Market Cap Implies

January 30, 2019

Impact: Positive

Atico reported production results for Q4/18 setting records for both the quarter and the full-year 2018. We expect the steady ramp-up at El Roble to continue with 2019 guidance suggesting the company is poised to have another record year. We view Atico as an undervalued low-cost copper-gold producer, with significant exploration upside that we expect to generate significant free cash flow in 2019.

Join Newsletter

Tag: Atico Mining Corp.

Atico Mining Corp. (TSXV:ATY) – Solid Q4 Operations Precedes Expected Strong Q4 Financial Results

Atico Mining Corp. (TSXV:ATY) – Delayed Shipment Impacts Q3 Financials; Strong Q4 Expected

Atico Mining Corp. (TSXV:ATY) – El Roble Back at Full Pace; Positioned to Fund Growth

Q3 Reporting Preview – Precious Metals Miners Poised to Shine with Q3/19 Results

H2/19 Explorer Preview – Looking for Winners in the Upcoming Drill Season

Atico Mining Corp. (TSXV:ATY) – Successfully Resumes Operations at El Roble

Atico Mining Corp. (TSXV:ATY) – Strike Over, Shovels In, Drills Turning

Atico Mining Corp. (TSXV:ATY) – Strong Q1 Interrupted by Soon to be Over Strike

Atico Mining Corp. (TSXV:ATY) – Guidance Suggests More than the Market Cap Implies

Couldn't find what you're looking for? Search here

Return To Media Page

Latest News & Webinars

Why invest in gold? Why Seabridge?

From Pit to Battery: A Green Nickel™ Vision

Sigma Lithium on the Cusp of Production

Trillium God and Pacton Gold Combine to Create Dominant Strategic Land Position in Red Lake

CONTACT US