| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Atalaya reports Q3 profit jump as copper production breaks record
StockMarketWire.com
|
Atalaya Mining saw its third-quarter profit jump by more than 76% compared with the same period last year, boosted by higher copper prices and higher sales.
Earnings before interest, taxes, depreciation, and amortisation also jumped from €9.8 million in Q3 2019 to €22.3 million for the three months to the end of September 2020.
Copper production at its Proyecto Riotinto plant hit a new record of 14,695 tonnes for the quarter, Atalaya reported.
For the first nine months of the year, the company reported a profit of €18.2 million, down from €27.9 million for the same period in 2019. This reflected higher operating costs from the expansion of the Proyecto Riotinto plant.
However, Atalaya had a working capital surplus of €25 million at the end of the period, up from €3.6 million at the end of 2019.
At 1:35pm: (LON:ATYM) Atalaya Mining PLC share price was 0p at 188.5p
Story provided by StockMarketWire.com
|
|
|
|
|
|
