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Atalaya beats FY guidance, sees 2019 as ‘transitional’ year

15th January 2019

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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European copper miner Atalaya Mining has set a production guidance range of 45 000 t to 46 500 t for 2019, which is seen as a transitional year, given the commissioning of the plant expansion in mid-2019, which will increase production in 2020.

The miner, which is implementing a 15-million-tonne-a-year expansion project at its Proyecto Riotinto mine, in Spain, produced 42 114 t in 2018, compared with 37 164 t in 2017. The 2018 production performance exceeded its October guidance of 39 000 t to 41 000 t.

Fourth-quarter copper production increased to 11 172 t, which is a quarterly record.

The Proyecto Riotinto expansion project will be commissioning in mid-2019, leading to an increase in production to between 50 000 t and 55 000 t in 2020, the dual-listed company reported on Tuesday.

Atalaya said that additional mining equipment was available on site in anticipation of the increase in production scheduled for the second half of 2019.

 

Edited by Creamer Media Reporter

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