Core Viewpoint - Atico Mining Corporation reported a net loss of $4.1 million for Q3-2025, primarily due to a shipping delay that left all concentrate in inventory, impacting sales and revenue recognition [1][2][3] Financial Performance - The company produced 2.3 million pounds of copper and 1,847 ounces of gold in Q3-2025, with cash costs of $2.74 per payable pound of copper, reflecting a 12% increase from Q3-2024 [1][3][7] - There were no metals concentrate sold during Q3-2025, leading to a loss from operations of $2.6 million, compared to a $4.2 million income in Q3-2024 [3][5] - The working capital deficit was $13.5 million as of September 30, 2025, an increase from $11.3 million at the end of 2024, influenced by $10.5 million in advance payments recorded as deferred revenue [3][5] Operational Highlights - Copper production decreased by 23% and gold production decreased by 11% compared to Q3-2024, attributed to lower ore throughput and lower copper head-grades [7][10] - Cash costs per tonne of processed ore rose to $179.23, a 23% increase from Q3-2024, due to reduced ore extraction and increased costs from inflation and foreign exchange [3][10] - The all-in sustaining cash cost per payable pound of copper produced was $4.87, up from $3.60 in Q3-2024, driven by higher sustaining capital expenditures [3][10] Future Outlook - The company anticipates gradual improvement in production in the next quarter due to higher copper grades as mining operations shift to upper zones of the El Roble mine [2][3] - The company has reduced its credit facilities and loans by $5.4 million during the quarter, indicating a focus on improving financial stability [2][3]
Atico Reports Consolidated Financial Results for Third Quarter of 2025