Thursday, April 22, 2021 12:27:39 AM
Atico 2020 Results:
Net income for the year ended December 31, 2020 amounted to $8.4 million, compared with $6.9 million for last year.
All-in sustaining cash cost per payable pound of copper produced(1)(2) for the year was $1.53 (2019 - $1.81).
At the end of the year, 5,291 (2019 - 3,104) wet metric tonnes (“WMT”) of non-invoiced concentrate remained at the Company’s warehouses.
2020 Consolidated Operating Highlights and Review
Ore processed increased 24% year-on-year;
Copper head grade decreased 1% year-on-year;
Gold head grade decreased 16% year-on-year;
Concentrate production increased 27% year-on-year;
Copper metal production increased 22% year-on-year; and
Gold metal production increased 3% year-on-year.
That 3,104 tons of copper concentrate will put Q1 on steroids. Just amazing in light of Covid how good they did in 2020.
https://ceo.ca/@nasdaq/atico-reports-consolidated-financial-results-for-2020 BTW not on Atico site, an accidental release?
Here is article did on that Q4 would be good: https://seekingalpha.com/instablog/535947-darp-research/5553739-atico-stock-will-not-ignore-copper-price-and-coming-q4-much-longer
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