Surface ore stockpiles at West Red Lake
Ore movement issues must have been alleviated, awaiting completion of shaft so they can start skipping ore to surface lowering overall costs
@HunterBiden@RadCentrism@mickeyy909 Agreed
Your dad is the only president I recall that didn't increase his wealth during the presidency, or just modestly so
Unlike the criminal cabal running the show now
@Henrik115 Great list
Recreated adding Atico Mining and West Red Lake
Integra also a good addition
Atico included La Plata online 2029
West Red includes Rowan 2029
@GoldnGuitars@MPelletierCIO Yields should decrease with additional easing of monetary policy increasing current bond prices
Not sure what Martin is referring to as you should be buying bonds here
@Premski_SGP@FredKosters That's what I am hearing as well
Drill results shortly and updated technicals sometime early Q3
Production trending higher quarterly
$ATY.v is a big beneficiary of higher copper prices. Copper sales in Q1 were realized at an average price of USD 5.58/lb. Today, the copper price is a dollar higher (USD 6.59/lb). Based on this higher price and assuming annual copper sales from El Roble of 11M pounds, Atico's pre-tax cash flow increases by USD 11M per year = CAD 15.2M, all else equal. That's almost one third of the company's current mcap. After tax, a one dollar increase in copper prices lifts FCF by an amount that constitutes appr. 20% of Atico's mcap, assuming a copper production of 11M pounds per year.
Atico currently operates only one producing asset (El Roble). The second and larger asset (La Plata), which is also a gold/copper project, will be advanced to a construction decision in Q3 2026 and start production in 2028. Atico's current mcap implies almost no value for La Plata. This should change as soon as project financing is secured (the big catalyst!) and construction of the mine starts.