Spanish copper project drives miner’s improved financial results

Photo: Atalaya Mining

Cyprus-based Atalaya Mining has reported im-proved financial results for the first three quarters of 2021, tripling the company’s earnings before interest, taxes, depreciation and amorti-zation (EBITDA) to some €148.2 million, compared with €44.4 million in the January-September 2020 period.

 

The miner said in a statement its robust financial performance in this period was “a result of robust operational performance at Proyecto Riotinto and strong copper prices.”

 

At the Spanish copper mine, production for the first nine months of 2021 stood at 42,225 tonnes, up from 41,559 tonnes in the same pe-riod of a year earlier, according to the statement.

 

“As a result of the strong performance at Proyecto Riotinto year-to-date, the Company increased its 2021 copper production guidance to 54,000 – 56,000 tonnes, as previously announced on 13 October 2021,” Atalaya Mining.