14th Jan 2026 09:11
(Alliance News) - Atalaya Mining Copper SA on Wednesday said its 2025 production neared the top end of guidance, and it hailed improving "fundamentals" in the copper market.
In the fourth quarter alone, copper output amounted to 11.550 tonnes, down 4.4% on-year from 12,078 tonnes a year prior and shrinking 4.7% from 12,123 in the third quarter.
For the full-year, production improved 11% to 51,139 tonnes from 46,227 tonnes in 2024, meeting the higher end of its guidance range of 49,000 to 52,000.
Atalaya, which has copper assets in Spain, said its 2025 output provides a "solid foundation" for the year ahead.
It targets 2026 output of between 50,000 and 54,000 tonnes and expects to see a rise of around 10% in the second half of the year compared to the first.
"Looking ahead for the Riotinto District, we are increasing mining rates at San Dionisio, advancing infill drilling programmes at the San Antonio and Masa Valverde deposits, and progressing engineering works associated with plant modifications that could unlock value from our polymetallic resources. In Galicia, we remain active in our engagement with the Xunta and continue to advance engineering at Proyecto Touro," Chief Executive Officer Alberto Lavandeira said.
"At the same time, the fundamentals for copper continue to strengthen, with prices setting new highs thanks to growing demand from emerging technologies, consistent supply challenges at major mines, and strategic stockpiling of critical metals like copper. Against this backdrop, we are optimistic about the future and remain confident in Atalaya's positioning and outlook."
The copper hit a record high above USD13,300 a tonne earlier this month and is around 45% higher than it was this time last year.
Atalaya Mining shares were down 0.1% at 908.85 pence in London on Wednesday morning. The share prices has more than doubled over the past 12 months.
By Eric Cunha, Alliance News news editor
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Atalaya Mining