Atalaya Mining plc: Second Quarter 2018 Operations Update
Acropolis - Atalaya Mining plc (AIM:ATYM, TSX:AYM) is pleased to announce its operations update for the second quarter of 2018. PROYECTO RIOTINTO
| Second quarter | First quarter | Full year guidance | |||
| 2018 | 2017 | 2018 | 2018 | ||
| Ore mined | (M tonnes) | 2.6 | 2.3 | 2.6 | 9.7 |
| Waste mined | (M tonnes) | 4.8 | 4.6 | 5.4 | 16.5 |
| Ore milled | (M tonnes) | 2.5 | 2.2 | 2.2 | 9.6 |
| Cu grade | (%) | 0.48 | 0.49 | 0.48 | 0.48 |
| Cu recovery | (%) | 87.31 | 85.09 | 88.47 | 84 – 86 |
| Cu production | (tonnes) | 10,446 | 9,058 | 9,441 | 37,000 – 40,000 |
Copper production at Proyecto Riotinto for Q2 2018 has increased to 10,446 tonnes from 9,058 tonnes reported in Q2 2017, and 9,441 tonnes in Q1 2018, representing an increase of 15% and 11% respectively. This quarter’s copper production replaces Q1 2018’s as the second highest quarterly production on record.
In terms of ore milled, 2.5 million tonnes were processed in the quarter, the highest ever quarterly throughput. Copper head grade was in line with expectations. The increase in copper production during the quarter is mainly attributable to the high volume of ore milled with above-budgeted metallurgical recovery rates, averaging 87.31%. Processing throughput was better than expected mainly due to high utilisation rates.
The Company maintains its previously stated copper production guidance for 2018 of 37,000 – 40,000 tonnes.
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Contacts:
| Newgate Communications | Elisabeth Cowell / James Ash / James Browne | +44 20 7680 6550 |
| 4C Communications | Carina Corbett | +44 20 3170 7973 |
| Canaccord Genuity (NOMAD and Joint Broker) | Henry Fitzgerald-O'Connor / Martin Davison / James Asensio | +44 20 7523 8000 |
| BMO Capital Markets (Joint Broker) | Jeffrey Couch / Neil Haycock / Tom Rider | +44 20 7236 1010 |
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Source: Atalaya Mining plc (TSX:AYM, AIM:ATYM)