15th Jul 2025 11:15
(Alliance News) - Atalaya Mining Copper SA on Tuesday reaffirmed its full-year guidance after second-quarter copper output fell from the previous quarter, though rose on an annual basis, supported by stronger ore grades.
The Spain-based mining company reported copper production of 13,175 tonnes in the second quarter of 2025, down from 14,291 tonnes in the first quarter, but up from 11,583 tonnes a year prior. Output was driven by higher ore grades of 0.4% but partially offset by lower recovery rates.
Average realised copper prices for the quarter stood at USD4.27 per pound, down from USD4.54 a year before and roughly flat versus USD4.26 in the first quarter.
Atalaya maintained its 2025 production guidance of 48,000 to 52,000 tonnes of copper and forecast all-in sustaining costs of USD3.20 to USD3.40 per pound, alongside cash costs of USD2.70 to USD2.90.
The company said mining and processing performance at its Proyecto Riotinto complex remained consistent, supporting a growing cash position. At the end of June, net cash stood at EUR70.1 million, up from EUR35.1 million at the end of 2024.
Chief Executive Officer Alberto Lavandeira said the company is "well-placed to deliver on our organic copper growth pipeline" as copper continues to be viewed as a strategic commodity globally.
Atalaya is also advancing projects at San Dionisio, Masa Valverde, and Touro, while progressing a ramp-up at its E-LIX phase I plant and exploratory programmes in Sweden.
Shares in Atalaya Mining were 0.7% higher at 478.88 pence in London on Tuesday morning.
By Eva Castanedo, Alliance News reporter
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