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Highlights

  • ATYM mined 3.7 million tonnes of ore in Q4 FY23, versus 3.5 million tonnes in the previous corresponding period.
  • For the full fiscal year 2023, the waste mined was 32.2 million tonnes against 24.7 million tonnes in FY22.
  • Copper production during the reported period increased to 12,775 tonnes from 12,541 tonnes in the previous quarter.

FTSE AIM 100 index-listed Atalaya Mining PLC (LSE: ATYM) is a mining and development firm involved in production of copper concentrates and silver by-products at the wholly owned Proyecto Rio Tinto site in southwest Spain. It has its main operations based across Russia, North America, central Europe, and South Africa.

In the fourth quarter of the year 2023, ATYM’s ore stood at mined 3.7 million tonnes, versus 3.5 million tonnes in the previous corresponding period. Total 14.9 million tonnes of ore were mined in FY23. Around 7.4 million tonnes of waste were mined in the reporting period, as compared to 5.3 million tonnes in the previous corresponding period. For the full fiscal year 2024, the company mined was 32.2 million tonnes of waste against 24.7 million tonnes in FY22.

Copper production during the reported period increased to 12,775 tonnes from 12,541 tonnes in the previous quarter. Notably, the average realized price of copper stood at USD 3.78/ lb in Q4 FY23, versus USD 3.70/ lb in Q4 FY22.

Atalaya Mining was able to lower the quarterly expenses due to the drop in the market electricity prices in Q4 FY24. Also, the company expects to conclude the construction of a 50 MW solar plant at Rio Tinto in the next few months, which would fulfil ~22% of the Rio Tino’s present-day power needs.

 

Top 10 Shareholders:

Around 22.07% of the total shareholdings is held by its top ten shareholders. While Urion Holdings (Malta) Ltd. is the biggest shareholder with 22.03% shareholding, Cobas Asset Management, SGIIC, SA. is the second-biggest shareholder with over 8.66% stake. 

Stock Price Performance

ATYM’s stock price grew by over 2.83% in the last three months. The stock’s 52-week high low price stand at GBX 380.00 and GBX 281.00, 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 27 February 2024. The reference data in this report has been partly sourced from EODHD/Others.