21st Oct 2025 11:43
(Alliance News) - Atalaya Mining Copper SA on Tuesday said it is "increasingly optimistic" about its growth strategy, as it noted third-quarter production was consistent with its full-year outlook.
The Spain-based mining company said copper production increased 1.9% in the third quarter of 2025 to 12,123 tonnes from 11,901 tonnes a year prior.
Atalaya said copper production guidance for 2025 remains at 49,000-52,000 tonnes.
Ore mined decreased 12% to 3.7 million tonnes from 4.2 million tonnes, and Atalaya said the average realised copper price was USD4.42 per pound, rising 7.0% from USD4.13 per pound.
The company said its balance sheet "remains strong", as it reported cash and cash equivalents of EUR113.8 million as of September 30, more than doubling from EUR52.9 million at December 31 last year.
Atalaya said it is in a "strong position to deliver on its full-year targets" due to the performance of its ongoing drilling programme at Riotinto.
Chief Executive Alberto Lavandeira said: "Production for the third quarter was consistent with our full-year outlook and benefitted from strong plant availability. Cost performance is trending favourably compared to our guidance ranges, and combined with strong copper prices, our balance sheet continues to strengthen.
"We are increasingly optimistic about Atalaya's growth strategy, thanks to a portfolio of projects that have the potential to deliver new production into a copper market that is becoming increasingly supply constrained."
Shares in Atalaya fell 2.3% to 629.00 pence on Tuesday morning in London.
By Roya Shahidi, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Atalaya Mining