Image source: Pixabay

Highlights

  • Atalaya Mining produced 12.5 kt and 38.9 kt in Q3 FY23 and 9M FY23, respectively.
  • In Q3 FY23, Atalaya Mining had a net cash position of €66.76 million, marking a 20.1% YoY improvement over the previous corresponding period.
  • For the full fiscal year 2023, the company is expecting its copper production to be between 53,000 and 54,000 tonnes.

FTSE AIM 100 index listed mining and development company, Atalaya Mining PLC (LSE: ATYM) is involved in production of copper concentrates and silver by-products at its 100% owned Proyecto Riotinto site in Spain. It has its major operations based in North America, Europe, Russia, and South Africa.

In the third quarter of the fiscal year 2023, Atalaya Mining had a net cash position of €66.76 million, marking a 20.1% YoY improvement over the previous corresponding period.

The company’s basic earnings per share increased from -4.70 Euro cents in Q3 FY22 to 8.30 Euro cents in Q3 FY23.

For the reporting period, ATYM produced 12.5 kt. It was recorded at 38.9 kt for 9M FY23. For the full fiscal year 2023, the company is expecting its copper production to be between 53,000 and 54,000 tonnes. Atalaya Mining had recorded a total production of approximately 52,269 tonnes of copper in FY22.

In Q3 FY23, the company’s EBITDA stood at €19.1 million. It was recorded at €59.2 million in 9M FY23. This was mainly because of lower prices of electricity and lower AISC.

Top 10 Shareholders:

Around 60.57% of the total shareholdings is held by the top ten shareholders of the firm. While Urion Holdings (Malta) Ltd. is the biggest shareholder with around 22.03% shareholding, Cobas Asset Management, SGIIC, SA is the second biggest shareholder with around 8.67% shareholding. 

 

Stock Price Performance

ATYM’s stock price has jumped by 5.00% in the last one month. It has dropped by around 3.67% over the last six months. The stock’s 52-week low and high price stand at GBX 276.00 and GBX 385.00, respectively.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 20 November 2023. The reference data in this report has been partly sourced from EODHD/Others.