London · Delayed Price · Currency is GBP · Price in GBX Atalaya Mining Copper Earnings Call Transcripts
Fiscal Year 2026
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Record copper production and financial results in Q2 2026, with EBITDA and free cash flow at all-time highs. Guidance maintained despite inflationary pressures, and major growth projects progressing, including Touro, which awaits final permitting.
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Q1 2026 saw lower production due to heavy rains, but strong copper and silver prices, negative treatment charges, and robust cash flow offset the impact. Guidance for the year remains unchanged, with a solid balance sheet and ongoing growth projects supported by ample liquidity.
Fiscal Year 2025
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2025 saw record copper production, strong cost control, and robust financials, with EBITDA of EUR 180 million and net cash of EUR 122 million. 2026 guidance remains solid despite Q1 weather impacts, with major growth projects funded by a GBP 130 million equity raise.
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Q3 and year-to-date results were strong, with robust free cash flow, low costs, and solid production. Growth projects are advancing, with Touro and San Dionisio expected to drive future output, and permitting for Touro anticipated soon.
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Record EBITDA and net profit were achieved in H1 2025, driven by strong copper production, cost control, and favorable prices. Guidance was raised for production and lowered for costs, with a 21% dividend increase and a robust net cash position.
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Record Q1 2025 results driven by higher copper grades, strong cost control, and reduced treatment charges. Guidance maintained, with expansion projects advancing and a robust balance sheet supporting future growth.
Fiscal Year 2024
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2024 saw lower copper production and revenue, but strong cost control, a net cash position, and a EUR 7 million impairment reversal led to improved profits. Major projects like Touro and Masa Valverde advanced, with 2025 guidance targeting 50,000 tons of copper and continued investment in growth.
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Q3 saw steady copper production and strong cost control despite lower grades and prices, with EBITDA at €17M and robust cash flow. Guidance for 2024 is maintained, with higher grades and production expected in 2025. Touro and San Dionisio permitting and solar plant progress support future growth.
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Strong H1 2024 results driven by higher copper prices and cost control, with Q2 EBITDA at EUR 26.4 million and robust cash position. Production guidance was reduced, but investments in Touro, Masa Valverde, and E-LIX continue, supporting a positive outlook.