Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Atalaya Mining said earnings and revenues fell in the second quarter of the year following a decline in copper prices.
For the three months ended 30 June 2019, earnings (EBITDA) fell to €12.0m from €19.4m a year earlier and revenue fell to €43.1m to from €48.9m a year earlier, which the company blamed on lower copper prices.
Operating costs, exploration costs and care and maintenance during the second quarter rose to €31.0m from €29.5m a year earlier.
Copper production during the quarter rose 4.2% to 10,889 tonnes from a year earlier.
The company maintained its previously stated copper production guidance for 2019 in the range of 45,000 to 46,500 tonnes.
At 9:50am: (LON:ATYM) Atalaya Mining Plc share price was -2.5p at 208p