Core Viewpoint - Atico Mining Corporation reported significant financial improvements for Q2 2025, driven by increased production, higher concentrate sales, and strong metal prices, with expectations for continued operational enhancements throughout the year [1][2]. Financial Performance - The company posted a net income of $2.7 million for Q2 2025, a substantial increase from a net loss of $0.4 million in Q2 2024 [3][4]. - Sales surged by 94% to $21.1 million compared to $10.9 million in the same quarter of the previous year [3][4]. - Cash flows from operations before changes in working capital reached $4.9 million, up from $2.5 million in Q2 2024 [3][4]. Production Metrics - Copper production totaled 2.2 million pounds and gold production was 2,385 ounces, reflecting a decrease of 42% and 16% respectively compared to Q2 2024 [5][6]. - The average realized price for copper was $4.47 per pound, while gold was $3,406 per ounce, showing increases from $4.34 and $2,303 respectively in Q2 2024 [3][4]. Cost Analysis - Cash costs per pound of payable copper produced were $1.73, an increase of 17% from $1.48 in Q2 2024 [6][7]. - All-in sustaining cash cost per payable pound of copper produced rose to $3.91 from $2.32 in Q2 2024, primarily due to lower copper output and higher sustaining capital expenditures [3][4]. Operational Developments - The company is conducting a 6,000 meter near-mine drill program at El Roble to replenish resources and extend the mine's life [2]. - A new 30-year mining agreement was executed with the National Mining Agency of Colombia for the El Roble mine [3][4]. Management Changes - Alain Bureau, the President of the company, stepped down effective August 15, 2025, but will continue as a government relations consultant [7].

Core Insights - Atico Mining Corporation reported its operating results for Q2 2025, highlighting production figures from the El Roble mine, which included 2.16 million pounds of copper and 2,385 ounces of gold in concentrates [1][2] Production Performance - The El Roble mine showed improvements in gold grades and output compared to Q1 2025, with expectations for gradual production improvements in the latter half of the year due to access to newly discovered high-grade ore zones [2] - Q2 2025 production figures indicated a decrease of 42% in copper production (2,155 thousand pounds) and a decrease of 17% in gold production (2,385 ounces) compared to Q2 2024 [5][8] - The average tonnes of ore mined decreased by 14% to 60,633 tonnes, while tonnes processed decreased by 13% to 62,007 tonnes [5][8] - The copper head grade was reported at 1.74%, a decrease of 33% from the previous year, while the gold head grade increased by 6% to 2.08 grams per tonne [5][8] Recovery Rates - Copper recovery remained stable at 91.2%, while gold recovery decreased by 11% to 57.6% compared to Q2 2024 [5][8] Management Changes - Jorge Ganoza transitioned from his full-time role as Vice President of Operations and Projects effective August 1, 2025, but will continue as a director and advisor to the company [3][4] Mine Overview - The El Roble mine is a high-grade underground copper and gold mine located in Colombia, with a nominal processing capacity of 1,000 tonnes per day [9] - As of March 12, 2024, the mine's reserves estimate includes 828 thousand tonnes averaging 2.49% copper and 2.20 grams per tonne gold, with a projected life of mine until Q1 2027 [10] Exploration Potential - The company is actively exploring the larger land package around El Roble, identifying prospective areas for VMS type mineralization, which is the focus of the current surface drill program [11]

Core Viewpoint - Atico Mining Corporation successfully closed its LIFE Offering and Rights Offering, raising a total of approximately $6.49 million to strengthen its financial position and advance strategic goals at its El Roble mine and La Plata project [1][2]. Group 1: Offerings Details - The LIFE Offering involved the sale of 29,090,910 units at a subscription price of $0.11 per unit, generating gross proceeds of $3.2 million [1]. - The aggregate gross proceeds from both the LIFE Offering and the Rights Offering amounted to $6,487,572.42 [1]. - Each LIFE Unit consisted of one common share and one transferable warrant, with the warrant exercisable at $0.18 for two years [2]. Group 2: Use of Proceeds - The net proceeds from the Offerings will be allocated to the development of the La Plata project in Ecuador, additional drilling at the El Roble mine in Colombia, and general corporate purposes [5]. Group 3: Related Party Transactions - Certain officers of the Company acquired a total of 590,001 LIFE Units, classifying the LIFE Offering as a related party transaction [6]. - The LIFE Offering is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 due to specific conditions met [6]. Group 4: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata project [9].

Core Points - Atico Mining Corporation successfully closed its rights offering, raising gross proceeds of $3,287,572.42 by issuing 29,887,022 units at a subscription price of $0.11 per unit [1][3] - Each unit consists of one common share and one transferable common share purchase warrant, which can be exercised at $0.18 per share for two years [2] - Approximately 41% of the total rights units were issued to insiders, with the remaining rights expiring unexercised [3] Financial Details - The rights offering resulted in the issuance of 11,219,319 units through the basic subscription privilege and 18,667,703 units through the additional subscription privilege [3] - Following the offering, the total number of common shares outstanding is 151,173,207 [3] Future Plans - The company plans to utilize the net proceeds from the rights offering and an upcoming LIFE offering for the development of the La Plata project in Ecuador, additional drilling at the El Roble mine in Colombia, and general corporate purposes [5][4]

Core Viewpoint - Atico Mining Corporation has successfully executed a loan amendment and restructuring with Trafigura, extending its existing secured credit agreement and outlining repayment terms for the outstanding principal amount of US$8.7 million [1][2]. Group 1: Loan Amendment and Restructuring - The outstanding principal amount of US$8.7 million will be repaid in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026 [2]. - The outstanding principal amount will accrue interest at a rate of SOFR plus 7.5% [2]. - The existing commercial concentrate purchase contract with Trafigura has been extended for two more years, covering 100% of the concentrate produced from the El Roble mine, with a minimum annual tonnage of 32,000 dry metric tons [2]. Group 2: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America [3]. - The company generates significant cash flow through the operation of the El Roble mine and is developing the high-grade La Plata VMS project in Ecuador [3]. - Atico is also pursuing additional acquisition opportunities in advanced stages [3].

Core Viewpoint - Atico Mining Corporation is conducting a Rights Offering and a LIFE Offering to raise a total of approximately $8,536,592 to support its operations and financial commitments [3][4]. Group 1: Offerings Details - The Rights Offering aims to raise gross proceeds of up to approximately $5,336,592, while the LIFE Offering is expected to generate up to approximately $3,200,000 [3]. - The amended Offering Documents include a term sheet with Trafigura PTE. Ltd. regarding an amendment and extension of the existing secured credit agreement [2][3]. - The Offering Documents will be available on SEDAR+ and the company's website for prospective investors [4]. Group 2: Company Overview - Atico Mining Corporation focuses on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata VMS project in Ecuador [6].

Core Viewpoint - Atico Mining Corporation has entered into a term sheet with Trafigura PTE. LTD. to amend and extend its existing secured credit agreement, with an outstanding principal amount of US$8.7 million [1][2]. Group 1: Financial Terms - The principal amount will be repaid in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026 [2]. - The outstanding principal amount will incur interest at a rate of SOFR plus 7.5% [2]. Group 2: Contractual Agreements - The existing commercial concentrate purchase contract with Trafigura has been extended for an additional two years, covering 100% of the concentrate produced from the El Roble mine, with a minimum tonnage of 32,000 dmt per year [2]. - Closing of the transactions is contingent upon finalizing definitive documentation and obtaining approval from the TSX Venture Exchange, expected by June 30, 2025 [3]. Group 3: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata VMS project in Ecuador [4].

Core Viewpoint - Atico Mining Corporation is conducting a rights offering and a concurrent LIFE offering to raise a total of approximately $8,536,592 for development projects and general corporate purposes [1][10][16]. Rights Offering - The rights offering will issue 48,514,474 rights to shareholders, allowing them to subscribe for units at a price of $0.11 per unit [2][3]. - Each unit consists of one common share and one transferable purchase warrant, exercisable at $0.18 for two years [3][11]. - The rights will expire on July 21, 2025, and unexercised rights will be void [5]. LIFE Offering - The LIFE offering aims to raise up to $3,200,000 by issuing 29,090,910 units at the same price of $0.11 per unit [10][12]. - Each LIFE unit also consists of one common share and one transferable purchase warrant, with similar terms as the rights offering [11]. Loan Refinancing - The company has a credit agreement with Trafigura for a principal sum of $10 million, with $8.7 million due by June 30, 2025 [15]. - Ongoing discussions are taking place for potential refinancing options [15]. Use of Proceeds - The net proceeds from the offerings will be allocated to the La Plata project in Ecuador, additional drilling at the El Roble mine in Colombia, and general corporate purposes [16]. Additional Information - The offerings may involve related parties and will be exempt from certain formal requirements under MI 61-101 [17]. - Detailed information regarding the offerings will be available in the company's offering documents on SEDAR+ [19].

Core Viewpoint - Atico Mining Corporation reported its financial results for Q1 2025, showing a net loss of $0.8 million despite an increase in sales driven by strong metal prices. The company faced operational challenges due to unexpected rock quality conditions at its El Roble mine, impacting production levels and costs [2][3]. Financial Performance - Income from mining operations was $3.7 million, with sales increasing by 11% to $19.9 million compared to $17.8 million in Q1 2024 [4][5]. - The average realized price for copper was $4.44 per pound, up from $3.97 in Q1 2024, while gold prices rose to $2,987 per ounce from $2,180 [4]. - The net loss for the quarter was $0.8 million, compared to a loss of $0.4 million in the same quarter last year [4][5]. Production Details - Copper production totaled 2.2 million pounds, a decrease of 34% from 3.3 million pounds in Q1 2024, while gold production fell by 28% to 1,578 ounces [7][8]. - The cash cost per pound of payable copper produced was $3.00, an increase of 17% from $2.57 in Q1 2024 [9]. - The company processed 54,978 tonnes of ore, down 16% from the previous year, with a copper grade of 1.96%, a decrease of 22% [8][9]. Operational Challenges - The operational performance was hindered by unexpected rock quality conditions, leading to slower mine development and lower production levels [3]. - The company anticipates gradual improvements in production and grade in the upcoming quarters as it regains its planned development pace [3][4]. Future Outlook - Atico is progressing with the engineering and permitting for the La Plata project while conducting near-mine drilling at El Roble to replenish resources and extend the mine's life [3]. - The company expects to recover most of the lost production for the year as operational challenges are addressed [3].

Core Viewpoint - Atico Mining Corporation has secured a new 30-year mining title for the El Roble mine, which is expected to significantly de-risk operations and improve liquidity through the sale of previously pledged concentrate [2][4]. Group 1: New Mining Title - The Colombian National Mining Agency has granted Atico a new 30-year mining title for the El Roble mine, following negotiations and in accordance with the preference rights stated in decree 2477 from 1986 [2]. - The new title will comply with Colombian mining law (Law 685 from 2001) and includes additional compensation fees for the Colombian State and community relations expenses [3]. Group 2: Financial Implications - Atico held approximately 5,000 wet metric tonnes of unsold concentrate valued at about US$2000 per dry metric tonne, which will now be released from pledge, allowing the company to use proceeds from sales to enhance liquidity and reduce liabilities [4]. - The company has made progress in its payment obligations, having paid US$12 million through a payment plan, with adjustments for inflation and interest, and plans to pay the remaining US$10.7 million in 2025 and 2026 [5]. Group 3: Operational Focus - The new mining title and the ability to sell concentrate will enable Atico to improve its balance sheet and focus on extending the life of the El Roble mine through an aggressive near-mine drill program [2].