VANCOUVER, British Columbia, April 07, 2020 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) announces its operating results for the three months ended March 31, 2020 from its El Roble mine. Production for the quarter totaled 4.93 million pounds of copper and 2,736 ounces of gold in concentrates, an increase of 108% and 85% for copper and gold, respectively, over the same period in 2019.
Seems to have an interesting slow reaction to the stock/Au.
I
20 MA is crossing the 50 MA on a monthly chart with RSI rising. With good financials on the way this a good time to buy.
S
looks like time to buy
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No debt and its making revenue 😁
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good volume .slow n steady.. 😁
A
start the engines..others are heading up.. this will start some traction in my opinion 😊
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300% from my original purchase price lots more to go IMO
Do your own DD Happy Investing
T
Been watching this for a very long time. When ya think of the best gold investors(DC), it’s been a long time recommendation. I’m in now.
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gaing traction 😁
j
Spoke with management last week and I’m long with this one. Producing and feasibility for early 2021 oh I forgot were in a copper bull run also $$$
C
Below the year and Q I posted is excellent, basically everything was better. Just out.
Atico 2020 Results:
Net income for the year ended December 31, 2020 amounted to $8.4 million, compared with $6.9 million for last year. All-in sustaining cash cost per payable pound of copper produced(1)(2) for the year was $1.53 (2019 - $1.81).
At the end of the year, 5,291 (2019 - 3,104) wet metric tonnes (“WMT”) of non-invoiced concentrate remained at the Company’s warehouses. 2020 Consolidated Operating Highlights and Review Ore processed increased 24% year-on-year; Copper head grade decreased 1% year-on-year; Gold head grade decreased 16% year-on-year; Concentrate production increased 27% year-on-year; Copper metal production increased 22% year-on-year; and Gold metal production increased 3% year-on-year.
That 3,104 tons of copper concentrate will put Q1 on steroids. Just amazing in light of Covid how good they did in 2020.
major volume 😊
Russian Billionaire Alexey Mordashov Owns 11.9% of Atico Mining :-)
https://www.marketscreener.com/business-leaders/Alexey-Mordashov-1044/biography/
Do your Own DD
Happy Investing
.slow n steady.. 😁
lots more to go IMO
Do your own DD
Happy Investing
Atico 2020 Results:
Net income for the year ended December 31, 2020 amounted to $8.4 million, compared with $6.9 million for last year.
All-in sustaining cash cost per payable pound of copper produced(1)(2) for the year was $1.53 (2019 - $1.81).
At the end of the year, 5,291 (2019 - 3,104) wet metric tonnes (“WMT”) of non-invoiced concentrate remained at the Company’s warehouses.
2020 Consolidated Operating Highlights and Review
Ore processed increased 24% year-on-year;
Copper head grade decreased 1% year-on-year;
Gold head grade decreased 16% year-on-year;
Concentrate production increased 27% year-on-year;
Copper metal production increased 22% year-on-year; and
Gold metal production increased 3% year-on-year.
That 3,104 tons of copper concentrate will put Q1 on steroids. Just amazing in light of Covid how good they did in 2020.
https://ceo.ca/@nasdaq/atico-reports-consolidated-financial-results-for-2020 BTW not on Atico site, an accidental release?
Here is article did on that Q4 would be good: https://seekingalpha.com/instablog/535947-darp-research/5553739-atico-stock-will-not-ignore-copper-price-and-coming-q4-much-longer