Atico Produces 2.09 Million Pounds of Cu and 2,108 Ounces of Au in First Quarter 2026
Atico Produces 2.09 Million Pounds of Cu and 2,108 Ounces of Au in First
Quarter 2026
VANCOUVER, British Columbia, April 28, 2026 -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX:
ATCMF) announces its operating results for the three months ended March 31, 2026 from its El Roble mine. Production for the
quarter totaled 2.09 million pounds of copper and 2,108 ounces of gold in concentrates, a decrease of 6% for copper and an
increase of 36% for gold, respectively, over the same period in 2025.
“The El Roble mine performed slightly below plan during the quarter, even though gold production was above budget. We
achieved a competitive operating cost and clear improvements are already visible in the second period as operations are back
on track to meet our full-year guidance,” said Fernando E. Ganoza, CEO. “During the quarter, we successfully completed the
sale of two concentrate shipments, combined with record metal prices, positions us to deliver robust financial results.”
First Quarter Operational Highlights
• Production of 2.09 million pounds of copper contained in concentrates; a decrease of 6% over Q1 2025.
• Production of 2,108 ounces of gold contained in concentrates; an increase of 36% over Q1 2025.
• Average processed tonnes per day of 734, a decrease of 5% over Q1 2025.
• Copper head grade of 1.86%, a decrease of 6% over Q1 2025.
• Gold head grade of 1.69 grams per tonne; an increase of 20% over Q1 2025.
• Copper and gold recovery of 91.0% and 69.1%; a decrease of 3% for copper and an increase of 10% for gold, over Q1
2025.
First Quarter Operational Details
Q1 2026 Total Q1 2025 Total % Change
Production(Contained in Concentrates)
Copper (000s pounds) 2,090 2,230 -6%
Gold (ounces) 2,108 1,553 36%
Mine
Tonnes of ore mined 56,629 56,467 Nil
Mill
Tonnes processed 56,033 54,978 2%
Tonnes processed per day 734 773 -5%
Copper grade (%) 1.86 1.97 -6%
Gold grade (g/t) 1.69 1.40 20%
Recoveries
Copper (%) 91.0 93.6 -3%
Gold (%) 69.1 62.7 10%
Concentrates
Copper and Gold Concentrates (dmt) 5,223 5,763 -9%
Payable copper produced (000s lbs) 1,967 2,091 -6%
Note: Metal production figures are subject to adjustments based on final settlement. The reported results are preliminary in
nature and are awaiting independent lab verification.
Concentrate Inventory
The number of shipments the Company can export in any given quarter depends on several variables some of which the
Company does not control, hence there may be an inherent variability in tonnes shipped quarter to quarter.
Q1 2026
Amounts in dry metric tonnes
Opening inventory 4,832
Production 5,223
Sales -8,789
Adjustments 0
Closing inventory 1,266
Number of shipments 2
Note: Concentrate figures are subject to adjustments based on final surveys and final settlement of sales.
El Roble Mine
The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 1,000 tonnes
per day, located in the Department of Choco in Colombia. Its commercial product is a copper-gold concentrate.
Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal
capacity of 400 tonnes per day.
El Roble’s reserves estimate, with an effective date of March 12, 2024, includes Proven and Probable mineral reserves of 828
thousand tonnes averaging 2.49% Cu, 2.20 g/t Au and a life of mine until Q1-2027. A full NI 43-101 technical report is available
on SEDAR+. For more information on the reserves estimate refer to SEDAR+ and on the Company’s website.
Mineralization is open at depth and along strike and the Company plans to further test the limits of the deposit. On the larger
land package, the Company has identified a prospective stratigraphic contact between volcanic rocks and black and grey
pelagic sediments and cherts that has been traced by Atico geologists for ten kilometers. This contact has been determined
to be an important control on VMS mineralization on which Atico has identified numerous target areas prospective for VMS
type mineralization occurrence, which is the focus of the current surface drill program at El Roble.
Qualified Person
Mr. Thomas Kelly (SME Registered Member 1696580), advisor to the Company and a qualified person under National
Instrument 43-101 standards, is responsible for ensuring that the technical information contained in this news release is an
accurate summary of the original reports and data provided to or developed by Atico.
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 generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La
Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more
information, please visit www.aticomining.com .
ON BEHALF OF THE BOARD
Fernando E. Ganoza
CEO
Atico Mining Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor Relations
Igor Dutina
Tel: +1.604.633.9022
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities
being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the
‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in the United States, or to, or for the
account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption
therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an
offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward Looking Statements
This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All
statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-
looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and
assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ
materially from the Company’s expectations include uncertainties relating to interpretation of drill results and the geology,
continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional
financing to maintain its interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting
anticipated program milestones for the Company’s mineral projects; and other risks and uncertainties disclosed under the
heading “Risk Factors” in the AIF of the Company dated September 4, 2024 filed with the Canadian securities regulatory
authorities on the SEDAR+ website at www.sedarplus.com