Atico Mining announces that pursuant to the Company's stock option plan, 1,445,259 incentive stock options exercisable at $0.335 per share for a period of five years have been granted to directors, officers, employees and consultants of the Company. About Atico Mining Corporation Atico is a growth-oriented company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company operates [...]
Atico Mining Corp. and Toachi Mining Inc. are pleased to announce that Atico has completed the previously announced acquisition of all of the issued and outstanding shares of Toachi by way of a plan of arrangement . The Arrangement was approved by the Ontario Superior Court of Justice in its final order dated September 9, 2019. The Arrangement was completed pursuant to the Canada Business Corporations Act. Pursuant to the [...]
Toachi Mining announces that its shareholders have approved the acquisition by Atico Mining of all of its issued and outstanding shares by way of a plan of arrangement under section 192 of the Canada Business Corporations Act to create a new Latin American focused copper-gold Company. At a special meeting of Toachi’s shareholders held yesterday, the Arrangement was approved by 99.998% of the votes cast by [...]
Atico Mining Corp. today announced its financial results for the three months ended June 30, 2019, posting income from mining operations of $0.3 million and a net loss of $0.4 million. Fernando E. Ganoza, CEO and Director, commented, “The union negotiations which led to a strike at the El Roble mine limited our ability to deliver on operational and financial objectives for the quarter. Despite the limited amount of [...]
Atico Mining Corp. announces its operating results for the three months ended June 30, 2019 from its El Roble mine. Production for the quarter totaled 3.16 million pounds of copper and 2,116 ounces of gold in concentrates, a decrease of 40% for copper and 18% for gold, respectively, over the same period in 2018. “During the second quarter, the effects of the El Roble mine strike were evident in our results as they [...]
Atico Mining Corp. and Toachi Mining Inc. are pleased to announce that they have entered into a definitive agreement today, whereby Atico will acquire all of the issued and outstanding shares of Toachi pursuant to a plan of arrangement to create a new Latin American focused copper-gold Company. Under the terms of the Agreement, all of the Toachi issued and outstanding common shares will be exchanged on the basis of [...]
Atico Mining Corp. today announced its financial results for the three months ended March 31, 2019, posting income from mining operations of $5.7 million and a net income of $2.7 million. Fernando E. Ganoza, CEO and Director, commented, “During the quarter we underwent a union negotiation which resulted in a strike significantly impacting our results for the period. This event negatively affected our production [...]
Atico Mining announces that pursuant to the Company's stock option plan, 2,200,000 incentive stock options exercisable at $0.285 per share for a period of five years have been granted to directors, officers, employees and consultants of the Company. About Atico Mining Corporation Atico is a growth-oriented company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company operates [...]
Atico Mining Corp. today announced its financial results for the year ended December 31, 2018, posting income from mining operations of $12.8 million and a net income of $3.4 million. Production for the year at Atico’s El Roble mine totaled 21.9 million pounds of copper and 11,344 ounces of gold in concentrate at as cash cost of $1.49 per payable pound of copper. Fernando E. Ganoza, CEO and Director, commented, "We [...]
Atico Mining Corp. is pleased to announce the end of the labor strike at its El Roble mine in Colombia. The Company has resumed all operations and re-initiated its diamond drill exploration program on the 6,300-ha land package. It is expected that operations will reach normal levels within the following hours. Throughout the remainder of the year, the Company will make every operational effort to make up for as much lost [...]
Atico Mining Corp. announces its operating results for the three months ended March 31, 2019 from its El Roble mine. Production for the quarter totaled 2.36 million pounds of copper and 1,552 ounces of gold in concentrates, a decrease of -57% and -45% for copper and gold, respectively, over the same period in 2018. “The strike at the El Roble mine has had a significant impact on the Company’s ability to meet [...]
Atico Mining Corp. reports that it has received strike action notice from the local union after being unable to reach a new 2 year collective agreement at the El Roble mine. The Company continues to negotiate with the local union and is working diligently towards bringing a swift and satisfactory resolution for all parties involved. Mining operations and exploration activity at El Roble have been suspended. The Company [...]
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