Atico Reports 2025 Fourth Quarter and Full Year Production Results
Atico Reports 2025 Fourth Quarter and Full Year Production Results
VANCOUVER, British Columbia, Jan. 22, 2026 -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCID:
ATCMF) is pleased to announce operating results for the three months and year ended December 31, 2025 from its El Roble
mine. Production totaled 2.6 million pounds of copper with 2,203 ounces of gold for the fourth quarter (“Q4 2025”) and 9.2
million pounds of copper with 8,013 ounces of gold in concentrates for the full year of 2025.
“During 2025 El Roble went through a transitional year migrating to the upper parts of the mine where the additional reserves
have been identified. Production during the year reflected the challenges faced during development and preparation of the new
reserves but also advancements as every quarter more stopes in the upper part came online. In the fourth quarter we showed
the best results of the year, helping achieve the updated production guidance across most key metrics. In 2026, we expect to
deliver continued quarterly improvements in performance, as we complete the extraction of lower-grade reserves from the lower
sections of the mine. We anticipate an important year-over-year increase in overall metal production, well timed to capitalize
on the prevailing strong metal price environment," said Fernando E. Ganoza, CEO. “Looking ahead, several important
milestones remain on the horizon. At El Roble, we intend to dedicate substantial resources to in-mine and near-mine drilling to
further delineate the deposit and identify additional mineralization in the surrounding area where we see opportunity to continue
extending the life-of-mine. At the La Plata project in Ecuador, we continue pressing forward with efforts to complete the
permitting process, targeting a positive construction decision in Q2-Q3 of this year."
Fourth Quarter and Full Year Operational Highlights
Fourth Quarter
• Production of 2.6 million pounds of copper contained in concentrates; a decrease of 30% over Q4 2024.
• Production of 2,203 ounces of gold contained in concentrates; an increase of 10% over Q4 2024.
• Average processed tonnes per day of 823; no significant change over Q4 2024.
• Copper and gold head grades of 2.03% and 1.61 grams per tonne, respectively; a decrease of 23% for copper and an
increase of 19% for gold over Q4 2024.
• Copper and gold recovery of 90.2% and 66.0%, respectively; a decrease of 2% for copper and no significant change for
gold over Q4 2024.
2025 Year-end
• Production of 9.23 million pounds of copper contained in concentrates; a decrease of 32% over 2024.
• Production of 8,013 ounces of gold contained in concentrates; a decrease of 12% over 2024.
• Average processed tonnes per day of 790; a decrease of 5% over 2024.
• Copper and gold head grades of 1.89% and 1.67 grams per tonne, respectively; a decrease of 23% for copper and an
increase of 4% for gold over 2024.
• Copper and gold recovery of 91.3% and 61.6%, respectively; no significant change for copper and a decrease of 3% for
gold over 2024.
Fourth Quarter and Full Year Operational Details
Q1 Total Q2 Total Q3 Total Q4 Total 2025 Total
Production (Contained in Concentrates)
Copper (000s pounds) 2,220 2,160 2,253 2,597 9,231
Gold (ounces) 1,578 2,385 1,847 2,203 8,013
Mine
Tonnes of ore mined 56,467 60,633 61,005 64,586 242,690
Mill
Tonnes processed 54,978 62,007 61,392 64,336 242,712
Tonnes processed per day 773 830 741 823 790
Copper grade (%) 1.96 1.74 1.83 2.03 1.89
Gold grade (g/t) 1.44 2.08 1.52 1.61 1.67
Recoveries
Copper (%) 93.3 91.1 90.1 90.2 91.3
Gold (%) 62.1 57.6 61.5 66.0 61.6
Concentrates
Copper and gold concentrates (dmt) 5,763 5,590 5,721 6,593 23,695
Payable copper produced (000s lbs) 2,091 2,032 2,093 2,438 8,656
Note: Metal production figures are subject to adjustments based on final settlement.
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.
Q4 2025
Amounts in dry metric tonnes
Opening inventory 6,619
Production 6,593
Sales -8,364
Adjustments -16
Closing inventory 4,832
Number of shipments 1.2
Note: Concentrate figures are subject to adjustments based on final surveys and final settlement of sales.
2026 Operating and Cost Guidance
Copper (000s pounds) 11,500 to 12,500
Gold (ounces) 9,000 to 10,000
C1 Cash Cost ($US)(1) $1.50 to $1.60
Note: Please see “Non-GAAP Financial Measures” at the end of this release. C1 cash cost per pound of payable copper
produced net of by-product credits.
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 | OTCID: 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
Non-GAAP Financial Measures
The items marked with a "(1)" are alternative performance measures and readers should refer to “Non-GAAP Financial
Measures” in the Company's Management's Discussion and Analysis for the 9 months ended September 30, 2025, (“Q3-2025
MD&A”) as filed on SEDAR+ at www.sedarplus.ca under the Company’s profile and as available on the Company's website for
further details. To facilitate a better understanding of these measures as calculated by the Company, descriptions are
provided in “Non-GAAP Financial Measures” in the Company’s Q3-2025 MD&A, including an explanation of their composition;
an explanation of how such measures provide useful information to an investor and the additional purposes, if any, for which
management of Atico uses such measures; and a qualitative reconciliation of each non-GAAP financial measure to the most
directly comparable historical financial measure that is disclosed in the Company’s financial Statements as of September 30,
2025.