Atalaya Mining began 2026 with copper production of 9,900 tonnes in the first quarter, in a period affected by unfavourable weather conditions. Despite the lower volume produced, costs remained in line with full-year guidance, with a Cash Cost of $2.52 per pound and an AISC of $3.20.
During this period, the company generated EBITDA of €48 million and closed March with a solid financial position: net cash of €266.4 million, operating cash flow generation of €29.8 million, and the funds raised through the capital increase carried out in January.
Atalaya continues to expect 2026 copper production of between 50,000 and 54,000 tonnes. Cost guidance remains between $2.60 and $2.90 per pound for Cash Cost and between $3.10 and $3.40 for AISC.
The quarter was also marked by progress on its growth strategy. The company completed a £130 million capital increase aimed at accelerating the development of its portfolio of copper projects, strengthening its balance sheet and increasing its financial capacity for the development of Touro.
In this regard, Atalaya acquired approximately 7.3% of Lara Exploration for CAD 13.5 million, while continuing to make progress on various exploration and development projects. At Touro, the company expects to complete the environmental impact statement before the summer, a key step for the project’s future.
Source: https://wp-atalaya-mining-2022.s3.eu-west-2.amazonaws.com/media/2026/05/2026.05.26-ATYM-Q1-2026-Financial-Results-Presentation-vWeb.pdf
