Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
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Atico Produces 2.09 Million Pounds of Cu and 2,108 Ounces of Au in First Quarter 2026

Atico Mining Q1 Production Confirms Recovery Trajectory Amidst Copper Grade Headwinds

By The Northwire Desk — AI Analysis Apr 28, 2026 · 16:30 ATY · 0.275 Atico Mining Corporation
Executive Summary
  • Atico Mining Corporation reported Q1 2026 operating results for its El Roble mine in Colombia.
  • Copper production was 2.09 million pounds (down 6% YoY), slightly below plan.
  • Gold production was 2,108 ounces (up 36% YoY).
  • Processing tonnes per day decreased by 5%, and copper head grade dropped by 6%.
  • Copper recovery fell to 91.0%, while gold recovery improved significantly to 69.1%.
  • Concentrate inventory was reduced from 4,832 dmt (opening) to 1,266 dmt (closing), indicating successful sales of two shipments.
  • Management states operations are "back on track" to meet full-year guidance despite the slight miss in copper volume.
  • Record metal prices contributed to robust financial results positioning.
Material Impact
  • The news confirms the company's ability to clear concentrate inventory, which was a significant overhang following Q3 2025 shipping delays that caused a net loss.
  • While copper production missed plan slightly and grades declined, the substantial increase in gold production (+36%) and higher realized metal prices offset the volume shortfall.
  • The confirmation of being "back on track" for full-year guidance (11.5–12.5M lbs Cu) reduces execution risk compared to previous quarters where production fell significantly YoY (-32% in 2025).
  • This is not a game-changing event; it validates the trajectory established by the January 2026 guidance and the La Plata permitting progress announced in February 2026.
  • The market has already priced in much of this recovery, evidenced by the stock price pullback from $0.38 (Jan 2026) to current levels ($0.28), suggesting the news is expected rather than a surprise catalyst.
ATY · Price
Company Overview
  • Flagship Project: El Roble Mine (Colombia). Underground VMS copper-gold mine. Currently producing.
  • Reserves: Proven & Probable reserves of 828,000 tonnes averaging 2.49% Cu and 2.20 g/t Au (as of March 12, 2024). Life of Mine projected through Q1 2027.
  • Secondary Project: La Plata Project (Ecuador). VMS project nearing construction-ready status following permit approvals in Feb 2026. Expected to start construction decision in Q2-Q3 2026.
  • Strategy: Build a mid-tier producer through organic growth at El Roble and development of La Plata, supported by large underexplored land packages.
Read the original news release →

More from Atico Mining Corporation

Oct 15, 2026 · 16:30

Atico clears legacy debt and secures Trafigura funding to advance construction of its La Plata project.

Financings Sep 29, 2026 · 15:14

Trafigura funds the La Plata project build-up as El Roble reserves near expiry.

Financings Aug 18, 2026 · 16:30

Atico’s El Roble project faces higher FX costs and grade transitions, leaving La Plata permitting as the sole catalyst.

Earnings Aug 06, 2026 · 17:11

Atico’s El Roble mine will cease operations in Q1 2027 after Q2 production missed gold guidance targets.

Production / Operations May 26, 2026 · 16:30

El Roble’s quarterly turnaround slashes cash costs to $1.39—can the deleveraging story hold as La Plata decision looms?

Earnings Feb 09, 2026 · 19:22

Atico receives environmental licence for La Plata

Production / Operations