View Past PerformanceAtico Mining バランスシートの健全性財務の健全性 基準チェック /36Atico Miningの総株主資本は$31.2M 、総負債は$20.4Mで、負債比率は65.3%となります。総資産と総負債はそれぞれ$87.6Mと$56.3Mです。主要情報65.30%負債資本比率US$20.40m負債インタレスト・カバレッジ・レシオn/a現金US$4.48mエクイティUS$31.24m負債合計US$56.32m総資産US$87.56m財務の健全性に関する最新情報分析記事 • Dec 19Here's Why Atico Mining (CVE:ATY) Has A Meaningful Debt BurdenLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Feb 07Does Atico Mining (CVE:ATY) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Jun 15Does Atico Mining (CVE:ATY) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Sep 14These 4 Measures Indicate That Atico Mining (CVE:ATY) Is Using Debt In A Risky WayThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Jan 12Is Atico Mining (CVE:ATY) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Aug 31Is Atico Mining (CVE:ATY) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...すべての更新を表示Recent updatesReported Earnings • May 27First quarter 2026 earnings released: EPS: US$0.014 (vs US$0.006 loss in 1Q 2025)First quarter 2026 results: EPS: US$0.014 (up from US$0.006 loss in 1Q 2025). Revenue: US$30.6m (up 54% from 1Q 2025). Net income: US$2.52m (up US$3.21m from 1Q 2025). Profit margin: 8.2% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.お知らせ • May 14Atico Mining Corporation, Annual General Meeting, Jul 24, 2026Atico Mining Corporation, Annual General Meeting, Jul 24, 2026. Location: british columbia, vancouver CanadaReported Earnings • Apr 26Full year 2025 earnings released: US$0.098 loss per share (vs US$0.14 loss in FY 2024)Full year 2025 results: US$0.098 loss per share (improved from US$0.14 loss in FY 2024). Revenue: US$63.4m (down 7.4% from FY 2024). Net loss: US$14.4m (loss narrowed 16% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.New Risk • Apr 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$57.1m market cap, or US$41.8m).Buy Or Sell Opportunity • Mar 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 61% to CA$0.35. The fair value is estimated to be CA$0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 57%.分析記事 • Feb 14Calculating The Fair Value Of Atico Mining Corporation (CVE:ATY)Key Insights Using the 2 Stage Free Cash Flow to Equity, Atico Mining fair value estimate is CA$0.30 Atico Mining's...Buy Or Sell Opportunity • Jan 28Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 93% to CA$0.39. The fair value is estimated to be CA$0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 57%.お知らせ • Jan 28Atico Mining Corporation Announces Positive Results from 21 Drill Holes Completed in 2025 Within an Area of Historical Mining, Successfully Expanding the Tonnage At the El Roble Mine in ColombiaAtico Mining Corporation announced positive results from 21 drill holes completed in 2025 within an area of historical mining, successfully expanding the tonnage at the El Roble mine. The table below highlights some assay results in bold for drill core holes, which include 10.20m of 6.26% Cu, 8.50 g/t Au and 10.00m of 6.77% Cu, 3.39 g/t Au. Ore grade intercepts are reported over widths of 0.27 to 10.3 meters in areas with limited drilling with results highlighting the possibility of further extending the ore body with additional drill programs. Holes ATD-0329 through ATD-0348 have discovered important new mineralization which are considerably beyond our expectations for the ¨Cuerpo Principal Inferior¨ CP ore body. The goal of the 2025 underground drilling program at the El Roble mine is to define zones of mineralization within the extent of the main historic massive sulphide body that were not exploited by previous operators, to expand the historically identified resource and explore for new massive sulfide bodies. The Company began this drill infill program to test the main mineralized body and the immediately adjacent area during the first quarter of 2023 and has continued the program with over 5,000 meters of drilling during 2025. All intervals include only assays of greater than 1% Cu and higher-grade intervals within these sections do not occur. The El Roble mine is a higher 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 nominalcapacity 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.お知らせ • Jan 23Atico Mining Corporation Provides Production Guidance for the Year 2026Atico Mining Corporation provided production guidance for the year 2026. For the year 2026, the company expects copper production of 11,500,000 pounds to 12,500,000 pounds and Gold production of 9,000 ounces to 10,000 ounces.分析記事 • Jan 17Atico Mining Corporation (CVE:ATY) Stock Catapults 35% Though Its Price And Business Still Lag The IndustryAtico Mining Corporation ( CVE:ATY ) shareholders would be excited to see that the share price has had a great month...分析記事 • Jan 14Atico Mining (CVE:ATY) May Have Issues Allocating Its CapitalIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Buy Or Sell Opportunity • Jan 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to CA$0.23. The fair value is estimated to be CA$0.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 57%.分析記事 • Dec 19Here's Why Atico Mining (CVE:ATY) Has A Meaningful Debt BurdenLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Nov 25Atico Mining Corporation Reports Multiple High-Grade Intercepts Up to 8.70m of 11.44% Cu, 14.65 g/t Au and 6.16m of 13.32% Cu, 2.79 G/t Au and Continues to Extend the Ore Body at El Roble Mine in ColombiaAtico Mining Corporation announced positive results for 19 drill holes completed during 2025 in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the highlights from assay results for two drill core holes, which included 8.70m of 11.44% Cu, 14.65 g/t Au and 6.16m of 13.32% Cu, 2.79 g/t Au. Ore grade intercepts in another sixteen drill holes are also reported over widths of 1.2 to 16.7 meters in areas with limited drilling and the results highlight the possibility of further extending the ore body with additional drill programs. In addition, a new sulphide body was discovered adjacent to the main ore body during the drill program.Reported Earnings • Nov 20Third quarter 2025 earnings released: US$0.023 loss per share (vs US$0.009 profit in 3Q 2024)Third quarter 2025 results: US$0.023 loss per share (down from US$0.009 profit in 3Q 2024). Net loss: US$3.73m (down 438% from profit in 3Q 2024). Revenue is expected to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 18%. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.分析記事 • Nov 05Revenues Working Against Atico Mining Corporation's (CVE:ATY) Share Price Following 33% DiveAtico Mining Corporation ( CVE:ATY ) shares have retraced a considerable 33% in the last month, reversing a fair amount...分析記事 • Sep 12Atico Mining Corporation (CVE:ATY) Surges 41% Yet Its Low P/S Is No Reason For ExcitementDespite an already strong run, Atico Mining Corporation ( CVE:ATY ) shares have been powering on, with a gain of 41% in...お知らせ • Aug 21Atico Mining Corporation Announces Alain Bureau Steps Down as President, Effective August 15, 2025Atico Mining Corporation announced Alain Bureau, President of the Company, stepped down from his position effective August 15, 2025, to seek new professional opportunities. Mr. Bureau was instrumental in driving the La Plata project in Ecuador from exploration through to feasibility and permitting, delivering major milestones in the project’s development. He will continue with the Company as a government relations consultant.Reported Earnings • Aug 20Second quarter 2025 earnings released: EPS: US$0.021 (vs US$0.004 loss in 2Q 2024)Second quarter 2025 results: EPS: US$0.021 (up from US$0.004 loss in 2Q 2024). Revenue: US$21.1m (up 94% from 2Q 2024). Net income: US$2.49m (up US$3.00m from 2Q 2024). Profit margin: 12% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.お知らせ • Aug 16Atico Mining Corporation announced that it has received $1.213735 million in fundingOn August 15, 2025, Atico Mining Corporation closed the transaction. The transaction included participation from four investors.お知らせ • Aug 06Atico Mining Corporation Announces Transition of Jorge Ganoza from Vice President of Operations and Projects, Effective August 1, 2025tico Mining Corporation announced that Jorge Ganoza, Director and Officer, will transition from his full-time position as Vice President of Operations and Projects effective August 1, 2025. Jorge will remain a director and advisor to the Company. Jorge’s contribution, for more than the past decade, has been instrumental in the development and transformation of both the El Roble mine and La Plata project.New Risk • Jul 31New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 63% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks High level of debt (56% net debt to equity). Share price has been volatile over the past 3 months (18% average weekly change). Market cap is less than US$100m (CA$25.2m market cap, or US$18.2m).New Risk • Jul 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 63% per year over the past 5 years. Minor Risks High level of debt (56% net debt to equity). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (CA$22.7m market cap, or US$16.4m).Buy Or Sell Opportunity • Jul 29Now 21% undervaluedOver the last 90 days, the stock has risen 43% to CA$0.15. The fair value is estimated to be CA$0.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.お知らせ • Jul 29Atico Mining Corporation announced that it has received CAD 3.2 million in fundingOn July 28, 2025, Atico Mining Corporation closed the transaction. The company issued 29,090,910 units at a price of CAD 0.11 for gross proceeds of CAD 3,200,000.1.Each LIFE Unit consisted of one common share of the Company and one transferable Common Share purchase warrant, with each LIFE Warrant exercisable into one Common Share at a price of CAD 0.18 per LIFE Warrant Share for a period of two years from the issue date. In connection with the LIFE Offering the Company paid a cash finder’s fee of approximately CAD 62,820 and issued 571,091 nontransferable Common Share purchase warrants to the Finder, an arm’s length party to the Company. Each Finder Warrant is exercisable for one Common Share at an exercise price of CAD 0.18 for a period of two years following the closing date of the LIFE Offering. The LIFE Units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions. Certain LIFE Units were also issued in the United States pursuant to exemptions from the registration requirements in Regulation D of the U.S. Securities Act of 1933, as amended. Certain officers of the Company, acquired an aggregate of 590,001 LIFE Units under the LIFE Offering.分析記事 • Jul 25Insufficient Growth At Atico Mining Corporation (CVE:ATY) Hampers Share PriceYou may think that with a price-to-sales (or "P/S") ratio of 0.2x Atico Mining Corporation ( CVE:ATY ) is definitely a...お知らせ • Jul 23Atico Mining Corporation has completed a Composite Units Offering in the amount of CAD 3.287572 million.Atico Mining Corporation has completed a Composite Units Offering in the amount of CAD 3.287572 million. Security Name: Right Units Security Type: Equity/Derivative Unit Securities Offered: 29,887,022 Price\Range: CAD 0.11 Transaction Features: Rights Offeringお知らせ • Jun 10Atico Mining Corporation announced that it expects to receive CAD 3.2 million in fundingAtico Mining Corporation announced a Private Placement to issue 29,090,910 Units of the company at a price of CAD 0.11 per Unit for aggregate gross proceeds of CAD 3,200,000.1 on June 9, 2025. Each LIFE Unit will consist of one Common Share and one transferable Common Share purchase warrant with each full warrant exercisable into one Common Share at a price of CAD 0.18 per warrant Share for a period of two years from the issue date. The LIFE Units may be issued in the United States pursuant to exemptions from the registration requirements in Regulation D of the U.S. Securities Act of 1933, as amended. The transaction is expected to close on or about June 30, 2025. In connection with the LIFE Offering, the Company may pay cash commissions or issue non-transferable Common Share purchase warrants to certain finders, equal to 6% of the gross proceeds of the LIFE Offering raised from subscriptions arranged by the finders. Each Finder Warrant will be exercisable for one Common Share at an exercise price of CAD 0.18 for a period of two years following the closing date of the LIFE Offering.お知らせ • Jun 09Atico Mining Corporation has filed a Follow-on Equity Offering.Atico Mining Corporation has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 48,514,474 Security Name: Warrant Security Type: Equity Warrant Securities Offered: 48,514,474 Transaction Features: Rights OfferingReported Earnings • May 29First quarter 2025 earnings released: US$0.006 loss per share (vs US$0.004 loss in 1Q 2024)First quarter 2025 results: US$0.006 loss per share (further deteriorated from US$0.004 loss in 1Q 2024). Revenue: US$19.9m (up 11% from 1Q 2024). Net loss: US$692.3k (loss widened 60% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.お知らせ • May 12Atico Mining Corporation, Annual General Meeting, Jun 17, 2025Atico Mining Corporation, Annual General Meeting, Jun 17, 2025.New Risk • May 05New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 59% per year over the past 5 years. Market cap is less than US$10m (CA$13.3m market cap, or US$9.67m).分析記事 • Apr 22Atico Mining Corporation (CVE:ATY) Surges 31% Yet Its Low P/S Is No Reason For ExcitementAtico Mining Corporation ( CVE:ATY ) shareholders are no doubt pleased to see that the share price has bounced 31% in...お知らせ • Apr 10Atico Mining Corporation Provides an Update on New Title Negotiations with the National Mining Agency and New Repayment Terms for Trafigura FacilityAtico Mining Corporation announced that representatives from the National Mining Agency ("NMA"), joined by the Governor of the Department of Choco and the Mayor of El Carmen de Atrato, have publicly declared that a new 30-year mining title will be granted to Minera El Roble. Following more than 18-months of negotiations with the Company, the NMA has reached a decision and, during a press conference, revealed that it will grant a new 30-year mining permit to Minera El Roble in the context of the preference right stated in the decree 2477 from 1986. This step marks an important milestone as Atico is expected to once again have a long-term title at its operating mine upon the NMA granting formal title. Among the information released by the NMA it was included that the new contract will fall under the current law for mining titles in Colombia, Law 685 from 2001, and will have all the requirements in it. It will also have additional contractual compensation fees for the Colombian State and a community relations expense, which the Company has been committed to in a discretionary way over the years. Following this, the Company has agreed to fully settle the outstanding balance of the facility by June 30th. This amendment will be secured by unsold and unpledged concentrates inventory as collateral.New Risk • Mar 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$17.0m market cap, or US$11.8m).分析記事 • Feb 13Atico Mining Corporation's (CVE:ATY) Share Price Boosted 31% But Its Business Prospects Need A Lift TooAtico Mining Corporation ( CVE:ATY ) shareholders would be excited to see that the share price has had a great month...分析記事 • Feb 07Does Atico Mining (CVE:ATY) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...お知らせ • Jan 21Atico Mining Corporation Provides Production Guidance for the Year 2025Atico Mining Corporation provided production guidance for the year 2025. For the year, the company expects copper in the range of 11,000,000 pounds to 12,300,000 pounds and gold in the range of 12,000 ounces to 13,500 ounces.New Risk • Dec 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (CA$13.9m market cap, or US$9.67m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).New Risk • Dec 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$12.1m (US$8.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (CA$12.1m market cap, or US$8.52m).分析記事 • Dec 13Lacklustre Performance Is Driving Atico Mining Corporation's (CVE:ATY) 33% Price DropThe Atico Mining Corporation ( CVE:ATY ) share price has fared very poorly over the last month, falling by a...Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: US$0.009 (vs US$0.009 loss in 3Q 2023)Third quarter 2024 results: EPS: US$0.009 (up from US$0.009 loss in 3Q 2023). Revenue: US$24.6m (up 61% from 3Q 2023). Net income: US$1.10m (up US$2.18m from 3Q 2023). Profit margin: 4.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.分析記事 • Oct 24Lacklustre Performance Is Driving Atico Mining Corporation's (CVE:ATY) Low P/SWith a price-to-sales (or "P/S") ratio of 0.2x Atico Mining Corporation ( CVE:ATY ) may be sending very bullish signals...Reported Earnings • Aug 21Second quarter 2024 earnings released: US$0.004 loss per share (vs US$0.001 loss in 2Q 2023)Second quarter 2024 results: US$0.004 loss per share (further deteriorated from US$0.001 loss in 2Q 2023). Revenue: US$10.9m (down 11% from 2Q 2023). Net loss: US$506.8k (loss widened US$445.8k from 2Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.分析記事 • Jun 30Why Investors Shouldn't Be Surprised By Atico Mining Corporation's (CVE:ATY) 28% Share Price PlungeAtico Mining Corporation ( CVE:ATY ) shareholders won't be pleased to see that the share price has had a very rough...分析記事 • Jun 15Does Atico Mining (CVE:ATY) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • May 22First quarter 2024 earnings released: US$0.004 loss per share (vs US$0.005 loss in 1Q 2023)First quarter 2024 results: US$0.004 loss per share (improved from US$0.005 loss in 1Q 2023). Revenue: US$17.8m (up 39% from 1Q 2023). Net loss: US$433.6k (loss narrowed 25% from 1Q 2023). Revenue is expected to decline by 77% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.お知らせ • Apr 30Atico Updates Mineral Reserves and Resources for the El Roble Mine in ColombiaAtico Mining Corporation report of an updated NI 43-101 mineral resource and reserve estimate as on March 12th 2024 for the El Roble Mine located in Colombia. The updated mineral resource and reserve estimate for El Roble was prepared by staff and consultants of Miner SA, an Atico Mining operating subsidiary. Mr. Thomas Kelly (SME Registered Member 1696580) has reviewed the reserve estimate and Mr. Antonio Cruz (AIG Registered Member 7065) has reviewed the resource estimate and both have acted as the qualified persons as defined by Canadian National Instrument 43-101. The Mineral Reserves reported herein were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council. This reserve estimate is based on all data available through March 12, 2024. Resource and Reserve Estimation Methodology: The Mineral Resource estimation considers channel and core samples, in addition to the underground mine mapping for the construction of three-dimensional wireframes of the lithology and mineralized bodies. Estimation of grades in the block models only considers samples located inside the mineralized bodies solid, which are applied to anomalous grade or top cut treatment and a further compositing process. The model was constructed using 2m x 2m x 2m blocks, which represents the selective mining unit (SMU). The orebodies estimation is conducted separately body by body and element by element (Cu and Au). The methods used for grade estimation are cubic inverse distance (Goliath, Maximus, Maximus Sur, Perseo, A, B, D, D2, Afrodita, Rosario and Cuerpo Principal Orebodies) and Ordinary Kriging (Zeus Orebody). A specific density factor was assumed for each site to convert block volumes to tons for the bodies: Goliath = 3.34 t/m3, Maximus = 3.50 t/m3, Maximus Sur = 3.26 t/m3, Zeus = 3.53 t/m3 and Perseus = 3.35 t/m3. For mineralized bodies A, B, D, D2, Afrodita and Rosario the densities were estimated with IDW. Mineral resources are reported with a limit of 0.87% CuEq cut-off for ore-body Zeus, 0.61% CuEq cut-off for ore-body Goliath, Maximus, Maximus Sur and Perseo and 0.86%CuEq cut-off for ore-body body A, B, D, D2, Afrodita, Rosario and Cuerpo Principal. For each block, the CuEq value was calculated by multiplying one ton of mass of each block grade by its average recovery, payable metal recovery, and metal price. Blocks with a CuEq grade higher than the CuEq limit were included in the resource estimate.Price Target Changed • Apr 30Price target increased by 31% to CA$0.53Up from CA$0.40, the current price target is an average from 2 analysts. New target price is 156% above last closing price of CA$0.20. Stock is up 11% over the past year. The company posted a net loss per share of US$0.047 last year.Reported Earnings • Apr 17Full year 2023 earnings released: US$0.047 loss per share (vs US$0.03 loss in FY 2022)Full year 2023 results: US$0.047 loss per share (further deteriorated from US$0.03 loss in FY 2022). Revenue: US$57.5m (down 12% from FY 2022). Net loss: US$5.67m (loss widened 54% from FY 2022). Revenue is expected to decline by 47% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 14%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.お知らせ • Apr 06Atico Mining Corporation, Annual General Meeting, Jun 18, 2024Atico Mining Corporation, Annual General Meeting, Jun 18, 2024.分析記事 • Apr 05Atico Mining Corporation (CVE:ATY) Surges 30% Yet Its Low P/S Is No Reason For ExcitementDespite an already strong run, Atico Mining Corporation ( CVE:ATY ) shares have been powering on, with a gain of 30% in...お知らせ • Apr 05Atico Mining Corporation Announces Positive Results for the Latest 49 Drill Holes Being Carried Out in an Area of Historical Mining to Expand Tonnage At the El Roble MineAtico Mining Corporation announced positive results for the latest 49 drill holes being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for sixteen diamond drill core holes, which included 20.70m of 5.76% Cu, 4.46 g/t Au and 11.50m of 8.16% Cu, 8.09 g/t Au. Ore grade intercepts in another fourteen drill holes are also reported over narrower widths of approximately 1 to 2 meters in areas with limited drilling which highlights the possibility of further extending the ore body with additional drill programs. Exploration Drilling Program - The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began this drill infill program to test the main mineralized body and the immediately adjacent area with a total of 7,880 meters of drilling in 77 holes. The drill campaign will be continued during 2024 and results for the drill holes will be reported as the assay results for mineralized intercepts are received. 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 has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. 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.Buy Or Sell Opportunity • Apr 01Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 64% to CA$0.18. The fair value is estimated to be CA$0.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Mar 08Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to CA$0.18. The fair value is estimated to be CA$0.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.分析記事 • Feb 18Estimating The Fair Value Of Atico Mining Corporation (CVE:ATY)Key Insights The projected fair value for Atico Mining is CA$0.15 based on 2 Stage Free Cash Flow to Equity Current...お知らせ • Feb 06Atico Mining Corporation Announces Additional Positive Results for the Exploration Program Initiated in 2023 Being Carried Out in an Area of Historical Mining to Expand Tonnage At the El Roble MineAtico Mining Corporation announced additional positive results for the exploration program initiated in 2023 being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for seven diamond drill core holes, which included 4.45m of 5.17% Cu, 10.47g/t Au and 4.90m of 9.35% Cu, 2.94 g/t Au. Exploration Drilling Program: The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 7,880 meters of drilling were completed during this program, of which final results for the remaining drill holes are still pending and will be reported as soon as the assay results for mineralized intercepts are received. 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 has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. 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.Buy Or Sell Opportunity • Jan 31Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to CA$0.11. The fair value is estimated to be CA$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • Dec 19Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be CA$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.New Risk • Dec 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$14.6m market cap, or US$10.7m).New Risk • Dec 01New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$12.1m (US$8.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (CA$12.1m market cap, or US$8.94m).Buying Opportunity • Nov 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be CA$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Nov 21Atico Mining Corporation Announces Constitutional Court Ruling Allows Continuation of the Environmental Consultation Process for Atico's La Plata Copper-Gold Project in EcuadorAtico Mining Corporation reported a significant development in Ecuadorian environmental regulation, positively impacting its operations and those of other productive projects nationwide. On November 17 2023, the Ecuadorian Constitutional Court (CC) ruled on the unconstitutionality of Executive Decree 754, regarding the Environmental Consultation Process (ECP) for national projects. However, the CC has decided to maintain the decree in force until the Ecuadorian National Assembly enacts this procedure into Organic Law. This decision comes as a crucial step before the Ministry of Environment, Water, and Ecological Transition (MAATE) can issue environmental licenses. This ruling is pivotal for the La Plata project and the broader community, impacting 178 important national projects in the process of obtaining environmental licenses. The decision enables the resumption of the ECP, previously obstructed by anti-mining groups. This obstruction paralyzed the construction of hospitals, water treatment plants, clean energy projects and not only hampered the project’s progress but also violated the rights of residents in the Direct Influence Area (DIA) to be informed and consulted about potential environmental and social impacts. The Environmental Consultation process is a fundamental dialogue and public debate mechanism. It ensures an open and informed interaction between the State, through MAATE, and local communities where projects are planned. This process aims to extensively and timely inform about potential environmental impacts and the measures for mitigation, control, and monitoring. Atico Mining is committed to transparent and responsible mining practices, respecting both environmental standards and community rights. The company is optimistic that this resolution by the CC will enable it to rapidly progress with the La Plata mining project, following a favourable technical endorsement of the Environmental Impact Assessment (EIA) last May for the upcoming construction phases.Reported Earnings • Nov 17Third quarter 2023 earnings released: US$0.009 loss per share (vs US$0.001 profit in 3Q 2022)Third quarter 2023 results: US$0.009 loss per share (down from US$0.001 profit in 3Q 2022). Revenue: US$15.3m (down 34% from 3Q 2022). Net loss: US$1.07m (down US$1.20m from profit in 3Q 2022). Revenue is expected to decline by 33% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 15%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.分析記事 • Oct 31Estimating The Fair Value Of Atico Mining Corporation (CVE:ATY)Key Insights Atico Mining's estimated fair value is CA$0.14 based on 2 Stage Free Cash Flow to Equity Current share...Price Target Changed • Oct 05Price target decreased by 27% to CA$0.55Down from CA$0.75, the current price target is an average from 2 analysts. New target price is 267% above last closing price of CA$0.15. Stock is down 40% over the past year. The company posted a net loss per share of US$0.03 last year.分析記事 • Sep 14These 4 Measures Indicate That Atico Mining (CVE:ATY) Is Using Debt In A Risky WayThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Aug 16Second quarter 2023 earnings released: US$0.001 loss per share (vs US$0.021 loss in 2Q 2022)Second quarter 2023 results: US$0.001 loss per share (improved from US$0.021 loss in 2Q 2022). Revenue: US$12.2m (up 124% from 2Q 2022). Net loss: US$60.9k (loss narrowed 98% from 2Q 2022). Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 13%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.分析記事 • Jul 29Are Atico Mining Corporation (CVE:ATY) Investors Paying Above The Intrinsic Value?Key Insights Using the 2 Stage Free Cash Flow to Equity, Atico Mining fair value estimate is CA$0.14 Current share...お知らせ • Jul 14Atico Mining Corporation Announces Additional Positive Results for Exploration Program Being Carried Out in Area of Historical Mining to Expand Tonnage at El Roble MineAtico Mining Corporation announced additional positive results for the exploration program being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for seven diamond drill core holes, which included 12.0m of 8.50% Cu, 7.23g/t Au and 7.80m of 4.71% Cu and 7.24g/t Au. Exploration Drilling Program: The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 3,765 meters of drilling are planned for 2023, of which final results for ten drill holes that have a mineralized intercept have been received. Anomaly 8: Anomaly 8 has been drill tested with 7 DDH completed to date for a total of 3,792 meters. The target was selected based on a strategic review of historical and recent exploration programs and lies within the favorable stratigraphy that hosts the currently producing high grade Cu/Au VMS El Roble mine. Anomaly 8 is defined by values from surface outcrop of up to 11% Cu within a hydrothermal breccia coincident with a 900m by 300m area of soil and rock copper anomalies, electromagnetic and magnetic geophysical anomalies. Strong alteration with massive sulfide fragments and stringers were intersected in drill holes cutting the target horizon at vertical depths of more than 300 meters below the mineralization that occurs at surface. Elevated copper, zinc, and silver values were returned from core samples as follows: ATDHAN8-007: 25 m. @ 0.4% Cu Inc. 7.3 m. @ 0.64 % Cu; ATDHAN8-004: 20 m. 856 ppm Zn, 5 ppm Ag. 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 has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. 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.お知らせ • May 24Atico Mining Corporation Extends Ore Body at El Roble Mine in Colombia with Initial Intercepts up to 24.3m of 3.70% Cu, 8.40g/t Au, including 7.3m of 6.41% Cu and 20.00g/t AuAtico Mining Corporation announced that the initial exploration program being carried out in an area of historical mining to expand tonnage at the El Roble mine has returned positive initial results. In addition, the Company reports the results for five diamond drill core holes (ATD-0160 through ATD-0179), which included 24.3m of 3.70% copper and 8.40g/t gold and 31.8m of 3.40% copper and 2.01g/t gold, respectively. The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 3,765 meters of drilling are planned for 2023, of which final results for initial three drill holes have been received. 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 has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. 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.Price Target Changed • May 24Price target decreased by 12% to CA$0.77Down from CA$0.87, the current price target is an average from 3 analysts. New target price is 314% above last closing price of CA$0.18. Stock is down 52% over the past year. The company posted a net loss per share of US$0.03 last year.Price Target Changed • May 20Price target decreased by 7.5% to CA$0.82Down from CA$0.88, the current price target is an average from 3 analysts. New target price is 354% above last closing price of CA$0.18. Stock is down 53% over the past year. The company posted a net loss per share of US$0.03 last year.Reported Earnings • Apr 19Full year 2022 earnings released: US$0.03 loss per share (vs US$0.048 profit in FY 2021)Full year 2022 results: US$0.03 loss per share (down from US$0.048 profit in FY 2021). Revenue: US$65.2m (down 10% from FY 2021). Net loss: US$3.67m (down 164% from profit in FY 2021). Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 17%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Feb 15Atico Mining Initiates Regional Drill Campaign at El Roble Mine, ColombiaAtico Mining Corporation announced an update on the exploration program and the start of regional exploration drilling at the El Roble property in Colombia. A strategic review of historical and recent exploration programs has defined high priority targets within the favorable stratigraphy that hosts the currently producing high grade Cu/Au VMS El Roble mine. The data review highlighted strong evidence of a second event of epithermal mineralization observed which overprinted the known VMS mineralization resulting in upgraded copper and gold content. The highest priority targets are identified by alteration and VMS mineralization with the upgraded Cu/Au content that are coincident with geophysical anomalies. Anomaly 8 was selected from the review as the first target for a follow-up diamond drilling program. It is defined by values of up to 11% Cu in outcropping hydrothermal breccia within a 900m by 300m area of soil and rock copper anomalies with values greater than 800 ppm Cu. It is coincident with EM (VTEM) and magnetic (GMAG) geophysical anomalies. The drill program is currently in progress and the anomaly is not fully tested. Two holes have cut favorable stratigraphy and strong alteration with massive sulfide pyrite fragments. A third drill hole was abandoned due to a major fault zone. An additional 3,050 meters of drilling is planned during 2023 at Anomaly 8. The strategic analysis of historical and recently generated information by the El Roble exploration team was undertaken during the period of January to July 2022 and included drilling campaigns both within the mine and follow-up of regional targets. This reinterpretation, which had the support of expert consultants and universities with staff specializing in mining and exploration, resulted in a better understanding of the concept of VMS clusters and identification of these clusters within the property (La Calera Zn - Ag cluster, La Batea Fe Cluster, Santa Anita Zn - Ag Cluster) as well as generation of new exploration areas. Overall, this reinterpretation has resulted in high priority targets for future exploration programs. The current drill program that began late in the last quarter of 2022 to follow-up Anomaly 8, is confirming the validity of the data review.Price Target Changed • Jan 24Price target decreased by 8.9% to CA$0.85Down from CA$0.93, the current price target is an average from 3 analysts. New target price is 233% above last closing price of CA$0.26. Stock is down 38% over the past year. The company posted earnings per share of US$0.048 last year.お知らせ • Jan 24Atico Mining Corporation Provides Production Guidance for the Fiscal 2023Atico Mining Corporation provided production guidance for the fiscal 2023. For the fiscal 2023, the company expects copper in the range of 14,000,000 pounds to 15,000,000 pounds and gold in the range of 10,500 ounces to 12,000 ounces.分析記事 • Jan 12Is Atico Mining (CVE:ATY) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: US$0.001 (vs US$0.055 in 3Q 2021)Third quarter 2022 results: EPS: US$0.001 (down from US$0.055 in 3Q 2021). Revenue: US$23.1m (down 27% from 3Q 2021). Net income: US$127.6k (down 98% from 3Q 2021). Profit margin: 0.6% (down from 21% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jonathan Goodman was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.分析記事 • Aug 31Is Atico Mining (CVE:ATY) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Aug 19Second quarter 2022 earnings released: US$0.021 loss per share (vs US$0.004 profit in 2Q 2021)Second quarter 2022 results: US$0.021 loss per share (down from US$0.004 profit in 2Q 2021). Revenue: US$5.46m (down 59% from 2Q 2021). Net loss: US$2.54m (down US$2.97m from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 7.5% compared to a 9.7% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Price Target Changed • Jul 22Price target decreased to CA$0.93Down from CA$1.08, the current price target is an average from 2 analysts. New target price is 259% above last closing price of CA$0.26. Stock is down 54% over the past year. The company posted earnings per share of US$0.048 last year.お知らせ • Jun 09Atico Mining Corporation Obtains the Certificate of Viability for the Tailing and Barren Rock Storage Facilities for La Plata Project in EcuadorAtico Mining Corporation announced that it has received its certificate of viability from the Mining and Energy Ministry for the construction and operations of its filtered tailing and barren rock storage facilities for La Plata mining project located in Ecuador. Following the announcement that the Ministry of Environment and Ecological Transition of Ecuador had signed the approval of the Environmental Impact Study for its La Plata project, the Ministry of Mines and Energy has followed by delivering to Atico the Certificate for the construction of the filtered tailings and barren rock storage facilities. The subsequent step in the permitting process, before the construction of the mine can begin, is the socialization of the results of the EIA with the neighboring communities which will be done in collaboration with officials of the regional government. The conclusion of this process will then allow the government to present to the Company the Environmental Licence, being the final document required to start earth movements and construction. The La Plata project plan consists of a 900 tpd underground mining operation with state-of-the-art infrastructure, the most significant infrastructure being the construction of a filtered tailings facility, a first of its kind in Ecuador. This technology, already used at El Roble mine in Colombia, allows for efficient use of water by significantly reducing water consumption through recirculating almost all of the water needs for the processing plant. The La Plata project also includes the upgrade of other infrastructures including the upgrade of the access road, a 69kV powerline and a flotation plant with its filtered tailing facilities. The GAD and Water Management Association are presently working on water infrastructures projects. These water projects will permit the upgrade and modernization of the existing water supply facilities providing a better quality of waterdelivered to operations and the surrounding communities. Atico Mining's success and culture are based on investing in sustainable development in communities where it operates through responsible mining with a tremendous emphasis on the surrounding environment.分析記事 • May 22These 4 Measures Indicate That Atico Mining (CVE:ATY) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • May 20Atico Mining Corporation Announces EIA Approval for its 100% Owned La Plata Project in EcuadorAtico Mining Corporation (the ‘Company’ or ‘Atico’) announced that it has received approval of the Environmental Impact Assessment (‘EIA’) for the construction and operations of its La Plata mining project located in Ecuador (the ‘La Plata project’). The La Plata project has been identified by President of Ecuador, Guillermo Lasso as a strategic project and a component of the country's reactivation plan. As a part of this plan, President Lasso has committed to accelerating the restart of the country's economy by leveraging the potential of its mining industry while positioning Ecuador as a major mining investment destination in Latin America. The EIA baseline process started over 3 years ago and involved independent environmental experts as well as qualified professionals mostly from Ecuador, Canada, Peru as well as from their El Roble mine operation which has been recognized as one of the safe mines in Colombia. The La Plata project plan consists of a 900 tpd underground mining operation with infrastructure, the most significant infrastructure being the construction of a filtered tailings facility a first of its kind in Ecuador. This technology, already used at their El Roble mine in Colombia, allows for efficient use of water by significantly reducing water consumption through recirculating almost all of the water needs for the processing plant. The approval of the EIA is a key milestone towards allowing the Company to begin construction of the new process plant facility. This approval enables the Company to advance on its normal course in order to complete the underlying licences and secondary permits necessary. The La Plata project also includes the upgrade of other infrastructures including the upgrade of the access road, a 69kV powerline and a flotation plant with its filtered tailing facilities. The GAD and Water Management Association of the region are presently working on water infrastructures projects. These water projects will permit the upgrade and modernization of the existing water supply facilities providing a better quality of water delivered to operations and the surrounding communities. Atico Mining's success and culture are based on investing in sustainable development in communities where it operates through responsible mining with a tremendous emphasis on the surrounding environment.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jonathan Goodman was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 02Atico Mining Corporation, Annual General Meeting, Jun 14, 2022Atico Mining Corporation, Annual General Meeting, Jun 14, 2022.お知らせ • Feb 24Atico Mining Corporation Receives Government’s Approval of Mining Regime Modification for the La Plata Project in EcuadorAtico Mining Corporation announced that it has received the administrative resolution to modify the mining regime of its 100% owned La Plata project (“The Project”) in Ecuador. As part of the necessary permit and licensing process to start the construction of the mine facilities, Atico has received the resolution from the sectoral ministry which contains the approval to place the La Plata VMS project into the economic evaluation stage. With this change, the Company can now proceed to develop its operations under the Medium Scale regime, according to Ecuadorian legislation. This mining regime allows the La Plata project to legally extract and process up to 1,000 tonnes per day of minerals from its high-grade VMS.分析記事 • Feb 17Is Atico Mining (CVE:ATY) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Feb 02Atico Mining Corporation Provides Production Guidance for the Fiscal 2022Atico Mining Corporation provided production guidance for the fiscal 2022. For the fiscal 2022, the company expects copper in the range of 15,000,000 to 16,500,000 pounds and gold in the range of 12,500 to 14,000 ounces.Price Target Changed • Jan 08Price target decreased to CA$1.12Down from CA$1.22, the current price target is an average from 2 analysts. New target price is 179% above last closing price of CA$0.40. Stock is down 30% over the past year. The company posted earnings per share of US$0.061 last year.Price Target Changed • Nov 22Price target decreased to CA$1.22Down from CA$1.35, the current price target is an average from 2 analysts. New target price is 139% above last closing price of CA$0.51. Stock is up 5.2% over the past year. The company posted earnings per share of US$0.061 last year.Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS US$0.055 (vs US$0.013 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$31.8m (up 126% from 3Q 2020). Net income: US$6.65m (up 314% from 3Q 2020). Profit margin: 21% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.分析記事 • Nov 17Atico Mining (CVE:ATY) Has A Rock Solid Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS US$0.004 (vs US$0.009 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$13.4m (up 4.7% from 2Q 2020). Net income: US$430.6k (down 59% from 2Q 2020). Profit margin: 3.2% (down from 8.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 10These 4 Measures Indicate That Atico Mining (CVE:ATY) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Jul 16Atico Mining Corporation Reports Latest Results of Drilling Program At the La Plata High-Grade Volcanogenic Massive Sulphide Project in EcuadorAtico Mining Corporation reported on the latest results of its 2021 drilling program at the La Plata high-grade volcanogenic massive sulphide project in Ecuador. These latest results confirm additional new zones outside of the known envelopes, more precisely along strike and between North and South Blocks. True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 76% and 83% of the drill intercept. Hole CMLP-21-189 was drilled as an in-fill through the South Block and confirmed the surrounding robust grades intercepted by previous drilling of VMS mineralization. Copper and gold grades in the hole remain consistent through 9.8 meters of massive sulphide mineralization. In this sequence, drilling targeted new extensions to test for mineralization at depth, extending the VMS footprint deeper below the North Block. Recent results, including CMLP-21-190 and CMLP-21-192 confirm that additional mineralization continues at depth. Hole CMLP-21-190 also reported two robust mineralized intercepts. The first intercept is dominated by sphalerite and the second intercept by chalcopyrite. These results indicate the presence of a parallel VMS structure located several meters east of the initial North Block. Hole CMLP-21-192 reported grades of 171 g/t silver and 11.9 % zinc over 6.2 meters in addition to strong copper and gold grades. The 2021 drilling campaign has delivered strong results. Drilling results have extended the footprint of the North and South Blocks beyond the known VMS lenses and confirmed the presence of additional mineralized structures parallel to the initial South and North Blocks.Executive Departure • Jul 13Chief Financial Officer William Tsang has left the companyDuring their tenure, the company went from making losses to turning a profit. On the 2nd of July, William Tsang left the company after 5.4 in the role. As of March 2021, William still personally held only 15.90k shares (CA$3.0k worth at the time). William is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.54 years.財務状況分析短期負債: ATYの 短期資産 ( $26.0M ) は 短期負債 ( $35.5M ) をカバーしていません。長期負債: ATYの短期資産 ( $26.0M ) が 長期負債 ( $20.8M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: ATYの 純負債対資本比率 ( 50.9% ) は 高い と見なされます。負債の削減: ATYの負債対資本比率は、過去 5 年間で12.8%から65.3%に増加しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: 利益は出ていないものの、 ATYは現在のプラスの フリーキャッシュフロー レベルを維持すれば、3 年以上は十分な キャッシュランウェイ を有しています。キャッシュランウェイの予測: ATYは利益は出ていませんが、フリーキャッシュフローがプラスであり、年間0.6 % 増加しているため、3 年以上は十分なキャッシュランウェイがあります。健全な企業の発掘7D1Y7D1Y7D1YMaterials 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/17 08:19終値2026/07/17 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Atico Mining Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Peter BuresCanaccord GenuityJeffrey WoolleyParadigm Capital, Inc.Adam LowRaymond James Ltd.1 その他のアナリストを表示
分析記事 • Dec 19Here's Why Atico Mining (CVE:ATY) Has A Meaningful Debt BurdenLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Feb 07Does Atico Mining (CVE:ATY) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Jun 15Does Atico Mining (CVE:ATY) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Sep 14These 4 Measures Indicate That Atico Mining (CVE:ATY) Is Using Debt In A Risky WayThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Jan 12Is Atico Mining (CVE:ATY) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Aug 31Is Atico Mining (CVE:ATY) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • May 27First quarter 2026 earnings released: EPS: US$0.014 (vs US$0.006 loss in 1Q 2025)First quarter 2026 results: EPS: US$0.014 (up from US$0.006 loss in 1Q 2025). Revenue: US$30.6m (up 54% from 1Q 2025). Net income: US$2.52m (up US$3.21m from 1Q 2025). Profit margin: 8.2% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
お知らせ • May 14Atico Mining Corporation, Annual General Meeting, Jul 24, 2026Atico Mining Corporation, Annual General Meeting, Jul 24, 2026. Location: british columbia, vancouver Canada
Reported Earnings • Apr 26Full year 2025 earnings released: US$0.098 loss per share (vs US$0.14 loss in FY 2024)Full year 2025 results: US$0.098 loss per share (improved from US$0.14 loss in FY 2024). Revenue: US$63.4m (down 7.4% from FY 2024). Net loss: US$14.4m (loss narrowed 16% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
New Risk • Apr 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$57.1m market cap, or US$41.8m).
Buy Or Sell Opportunity • Mar 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 61% to CA$0.35. The fair value is estimated to be CA$0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 57%.
分析記事 • Feb 14Calculating The Fair Value Of Atico Mining Corporation (CVE:ATY)Key Insights Using the 2 Stage Free Cash Flow to Equity, Atico Mining fair value estimate is CA$0.30 Atico Mining's...
Buy Or Sell Opportunity • Jan 28Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 93% to CA$0.39. The fair value is estimated to be CA$0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 57%.
お知らせ • Jan 28Atico Mining Corporation Announces Positive Results from 21 Drill Holes Completed in 2025 Within an Area of Historical Mining, Successfully Expanding the Tonnage At the El Roble Mine in ColombiaAtico Mining Corporation announced positive results from 21 drill holes completed in 2025 within an area of historical mining, successfully expanding the tonnage at the El Roble mine. The table below highlights some assay results in bold for drill core holes, which include 10.20m of 6.26% Cu, 8.50 g/t Au and 10.00m of 6.77% Cu, 3.39 g/t Au. Ore grade intercepts are reported over widths of 0.27 to 10.3 meters in areas with limited drilling with results highlighting the possibility of further extending the ore body with additional drill programs. Holes ATD-0329 through ATD-0348 have discovered important new mineralization which are considerably beyond our expectations for the ¨Cuerpo Principal Inferior¨ CP ore body. The goal of the 2025 underground drilling program at the El Roble mine is to define zones of mineralization within the extent of the main historic massive sulphide body that were not exploited by previous operators, to expand the historically identified resource and explore for new massive sulfide bodies. The Company began this drill infill program to test the main mineralized body and the immediately adjacent area during the first quarter of 2023 and has continued the program with over 5,000 meters of drilling during 2025. All intervals include only assays of greater than 1% Cu and higher-grade intervals within these sections do not occur. The El Roble mine is a higher 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 nominalcapacity 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.
お知らせ • Jan 23Atico Mining Corporation Provides Production Guidance for the Year 2026Atico Mining Corporation provided production guidance for the year 2026. For the year 2026, the company expects copper production of 11,500,000 pounds to 12,500,000 pounds and Gold production of 9,000 ounces to 10,000 ounces.
分析記事 • Jan 17Atico Mining Corporation (CVE:ATY) Stock Catapults 35% Though Its Price And Business Still Lag The IndustryAtico Mining Corporation ( CVE:ATY ) shareholders would be excited to see that the share price has had a great month...
分析記事 • Jan 14Atico Mining (CVE:ATY) May Have Issues Allocating Its CapitalIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Buy Or Sell Opportunity • Jan 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to CA$0.23. The fair value is estimated to be CA$0.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 57%.
分析記事 • Dec 19Here's Why Atico Mining (CVE:ATY) Has A Meaningful Debt BurdenLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Nov 25Atico Mining Corporation Reports Multiple High-Grade Intercepts Up to 8.70m of 11.44% Cu, 14.65 g/t Au and 6.16m of 13.32% Cu, 2.79 G/t Au and Continues to Extend the Ore Body at El Roble Mine in ColombiaAtico Mining Corporation announced positive results for 19 drill holes completed during 2025 in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the highlights from assay results for two drill core holes, which included 8.70m of 11.44% Cu, 14.65 g/t Au and 6.16m of 13.32% Cu, 2.79 g/t Au. Ore grade intercepts in another sixteen drill holes are also reported over widths of 1.2 to 16.7 meters in areas with limited drilling and the results highlight the possibility of further extending the ore body with additional drill programs. In addition, a new sulphide body was discovered adjacent to the main ore body during the drill program.
Reported Earnings • Nov 20Third quarter 2025 earnings released: US$0.023 loss per share (vs US$0.009 profit in 3Q 2024)Third quarter 2025 results: US$0.023 loss per share (down from US$0.009 profit in 3Q 2024). Net loss: US$3.73m (down 438% from profit in 3Q 2024). Revenue is expected to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 18%. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
分析記事 • Nov 05Revenues Working Against Atico Mining Corporation's (CVE:ATY) Share Price Following 33% DiveAtico Mining Corporation ( CVE:ATY ) shares have retraced a considerable 33% in the last month, reversing a fair amount...
分析記事 • Sep 12Atico Mining Corporation (CVE:ATY) Surges 41% Yet Its Low P/S Is No Reason For ExcitementDespite an already strong run, Atico Mining Corporation ( CVE:ATY ) shares have been powering on, with a gain of 41% in...
お知らせ • Aug 21Atico Mining Corporation Announces Alain Bureau Steps Down as President, Effective August 15, 2025Atico Mining Corporation announced Alain Bureau, President of the Company, stepped down from his position effective August 15, 2025, to seek new professional opportunities. Mr. Bureau was instrumental in driving the La Plata project in Ecuador from exploration through to feasibility and permitting, delivering major milestones in the project’s development. He will continue with the Company as a government relations consultant.
Reported Earnings • Aug 20Second quarter 2025 earnings released: EPS: US$0.021 (vs US$0.004 loss in 2Q 2024)Second quarter 2025 results: EPS: US$0.021 (up from US$0.004 loss in 2Q 2024). Revenue: US$21.1m (up 94% from 2Q 2024). Net income: US$2.49m (up US$3.00m from 2Q 2024). Profit margin: 12% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 16Atico Mining Corporation announced that it has received $1.213735 million in fundingOn August 15, 2025, Atico Mining Corporation closed the transaction. The transaction included participation from four investors.
お知らせ • Aug 06Atico Mining Corporation Announces Transition of Jorge Ganoza from Vice President of Operations and Projects, Effective August 1, 2025tico Mining Corporation announced that Jorge Ganoza, Director and Officer, will transition from his full-time position as Vice President of Operations and Projects effective August 1, 2025. Jorge will remain a director and advisor to the Company. Jorge’s contribution, for more than the past decade, has been instrumental in the development and transformation of both the El Roble mine and La Plata project.
New Risk • Jul 31New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 63% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks High level of debt (56% net debt to equity). Share price has been volatile over the past 3 months (18% average weekly change). Market cap is less than US$100m (CA$25.2m market cap, or US$18.2m).
New Risk • Jul 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 63% per year over the past 5 years. Minor Risks High level of debt (56% net debt to equity). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (CA$22.7m market cap, or US$16.4m).
Buy Or Sell Opportunity • Jul 29Now 21% undervaluedOver the last 90 days, the stock has risen 43% to CA$0.15. The fair value is estimated to be CA$0.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Jul 29Atico Mining Corporation announced that it has received CAD 3.2 million in fundingOn July 28, 2025, Atico Mining Corporation closed the transaction. The company issued 29,090,910 units at a price of CAD 0.11 for gross proceeds of CAD 3,200,000.1.Each LIFE Unit consisted of one common share of the Company and one transferable Common Share purchase warrant, with each LIFE Warrant exercisable into one Common Share at a price of CAD 0.18 per LIFE Warrant Share for a period of two years from the issue date. In connection with the LIFE Offering the Company paid a cash finder’s fee of approximately CAD 62,820 and issued 571,091 nontransferable Common Share purchase warrants to the Finder, an arm’s length party to the Company. Each Finder Warrant is exercisable for one Common Share at an exercise price of CAD 0.18 for a period of two years following the closing date of the LIFE Offering. The LIFE Units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions. Certain LIFE Units were also issued in the United States pursuant to exemptions from the registration requirements in Regulation D of the U.S. Securities Act of 1933, as amended. Certain officers of the Company, acquired an aggregate of 590,001 LIFE Units under the LIFE Offering.
分析記事 • Jul 25Insufficient Growth At Atico Mining Corporation (CVE:ATY) Hampers Share PriceYou may think that with a price-to-sales (or "P/S") ratio of 0.2x Atico Mining Corporation ( CVE:ATY ) is definitely a...
お知らせ • Jul 23Atico Mining Corporation has completed a Composite Units Offering in the amount of CAD 3.287572 million.Atico Mining Corporation has completed a Composite Units Offering in the amount of CAD 3.287572 million. Security Name: Right Units Security Type: Equity/Derivative Unit Securities Offered: 29,887,022 Price\Range: CAD 0.11 Transaction Features: Rights Offering
お知らせ • Jun 10Atico Mining Corporation announced that it expects to receive CAD 3.2 million in fundingAtico Mining Corporation announced a Private Placement to issue 29,090,910 Units of the company at a price of CAD 0.11 per Unit for aggregate gross proceeds of CAD 3,200,000.1 on June 9, 2025. Each LIFE Unit will consist of one Common Share and one transferable Common Share purchase warrant with each full warrant exercisable into one Common Share at a price of CAD 0.18 per warrant Share for a period of two years from the issue date. The LIFE Units may be issued in the United States pursuant to exemptions from the registration requirements in Regulation D of the U.S. Securities Act of 1933, as amended. The transaction is expected to close on or about June 30, 2025. In connection with the LIFE Offering, the Company may pay cash commissions or issue non-transferable Common Share purchase warrants to certain finders, equal to 6% of the gross proceeds of the LIFE Offering raised from subscriptions arranged by the finders. Each Finder Warrant will be exercisable for one Common Share at an exercise price of CAD 0.18 for a period of two years following the closing date of the LIFE Offering.
お知らせ • Jun 09Atico Mining Corporation has filed a Follow-on Equity Offering.Atico Mining Corporation has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 48,514,474 Security Name: Warrant Security Type: Equity Warrant Securities Offered: 48,514,474 Transaction Features: Rights Offering
Reported Earnings • May 29First quarter 2025 earnings released: US$0.006 loss per share (vs US$0.004 loss in 1Q 2024)First quarter 2025 results: US$0.006 loss per share (further deteriorated from US$0.004 loss in 1Q 2024). Revenue: US$19.9m (up 11% from 1Q 2024). Net loss: US$692.3k (loss widened 60% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
お知らせ • May 12Atico Mining Corporation, Annual General Meeting, Jun 17, 2025Atico Mining Corporation, Annual General Meeting, Jun 17, 2025.
New Risk • May 05New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 59% per year over the past 5 years. Market cap is less than US$10m (CA$13.3m market cap, or US$9.67m).
分析記事 • Apr 22Atico Mining Corporation (CVE:ATY) Surges 31% Yet Its Low P/S Is No Reason For ExcitementAtico Mining Corporation ( CVE:ATY ) shareholders are no doubt pleased to see that the share price has bounced 31% in...
お知らせ • Apr 10Atico Mining Corporation Provides an Update on New Title Negotiations with the National Mining Agency and New Repayment Terms for Trafigura FacilityAtico Mining Corporation announced that representatives from the National Mining Agency ("NMA"), joined by the Governor of the Department of Choco and the Mayor of El Carmen de Atrato, have publicly declared that a new 30-year mining title will be granted to Minera El Roble. Following more than 18-months of negotiations with the Company, the NMA has reached a decision and, during a press conference, revealed that it will grant a new 30-year mining permit to Minera El Roble in the context of the preference right stated in the decree 2477 from 1986. This step marks an important milestone as Atico is expected to once again have a long-term title at its operating mine upon the NMA granting formal title. Among the information released by the NMA it was included that the new contract will fall under the current law for mining titles in Colombia, Law 685 from 2001, and will have all the requirements in it. It will also have additional contractual compensation fees for the Colombian State and a community relations expense, which the Company has been committed to in a discretionary way over the years. Following this, the Company has agreed to fully settle the outstanding balance of the facility by June 30th. This amendment will be secured by unsold and unpledged concentrates inventory as collateral.
New Risk • Mar 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$17.0m market cap, or US$11.8m).
分析記事 • Feb 13Atico Mining Corporation's (CVE:ATY) Share Price Boosted 31% But Its Business Prospects Need A Lift TooAtico Mining Corporation ( CVE:ATY ) shareholders would be excited to see that the share price has had a great month...
分析記事 • Feb 07Does Atico Mining (CVE:ATY) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
お知らせ • Jan 21Atico Mining Corporation Provides Production Guidance for the Year 2025Atico Mining Corporation provided production guidance for the year 2025. For the year, the company expects copper in the range of 11,000,000 pounds to 12,300,000 pounds and gold in the range of 12,000 ounces to 13,500 ounces.
New Risk • Dec 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (CA$13.9m market cap, or US$9.67m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
New Risk • Dec 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$12.1m (US$8.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (CA$12.1m market cap, or US$8.52m).
分析記事 • Dec 13Lacklustre Performance Is Driving Atico Mining Corporation's (CVE:ATY) 33% Price DropThe Atico Mining Corporation ( CVE:ATY ) share price has fared very poorly over the last month, falling by a...
Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: US$0.009 (vs US$0.009 loss in 3Q 2023)Third quarter 2024 results: EPS: US$0.009 (up from US$0.009 loss in 3Q 2023). Revenue: US$24.6m (up 61% from 3Q 2023). Net income: US$1.10m (up US$2.18m from 3Q 2023). Profit margin: 4.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
分析記事 • Oct 24Lacklustre Performance Is Driving Atico Mining Corporation's (CVE:ATY) Low P/SWith a price-to-sales (or "P/S") ratio of 0.2x Atico Mining Corporation ( CVE:ATY ) may be sending very bullish signals...
Reported Earnings • Aug 21Second quarter 2024 earnings released: US$0.004 loss per share (vs US$0.001 loss in 2Q 2023)Second quarter 2024 results: US$0.004 loss per share (further deteriorated from US$0.001 loss in 2Q 2023). Revenue: US$10.9m (down 11% from 2Q 2023). Net loss: US$506.8k (loss widened US$445.8k from 2Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
分析記事 • Jun 30Why Investors Shouldn't Be Surprised By Atico Mining Corporation's (CVE:ATY) 28% Share Price PlungeAtico Mining Corporation ( CVE:ATY ) shareholders won't be pleased to see that the share price has had a very rough...
分析記事 • Jun 15Does Atico Mining (CVE:ATY) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • May 22First quarter 2024 earnings released: US$0.004 loss per share (vs US$0.005 loss in 1Q 2023)First quarter 2024 results: US$0.004 loss per share (improved from US$0.005 loss in 1Q 2023). Revenue: US$17.8m (up 39% from 1Q 2023). Net loss: US$433.6k (loss narrowed 25% from 1Q 2023). Revenue is expected to decline by 77% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 30Atico Updates Mineral Reserves and Resources for the El Roble Mine in ColombiaAtico Mining Corporation report of an updated NI 43-101 mineral resource and reserve estimate as on March 12th 2024 for the El Roble Mine located in Colombia. The updated mineral resource and reserve estimate for El Roble was prepared by staff and consultants of Miner SA, an Atico Mining operating subsidiary. Mr. Thomas Kelly (SME Registered Member 1696580) has reviewed the reserve estimate and Mr. Antonio Cruz (AIG Registered Member 7065) has reviewed the resource estimate and both have acted as the qualified persons as defined by Canadian National Instrument 43-101. The Mineral Reserves reported herein were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council. This reserve estimate is based on all data available through March 12, 2024. Resource and Reserve Estimation Methodology: The Mineral Resource estimation considers channel and core samples, in addition to the underground mine mapping for the construction of three-dimensional wireframes of the lithology and mineralized bodies. Estimation of grades in the block models only considers samples located inside the mineralized bodies solid, which are applied to anomalous grade or top cut treatment and a further compositing process. The model was constructed using 2m x 2m x 2m blocks, which represents the selective mining unit (SMU). The orebodies estimation is conducted separately body by body and element by element (Cu and Au). The methods used for grade estimation are cubic inverse distance (Goliath, Maximus, Maximus Sur, Perseo, A, B, D, D2, Afrodita, Rosario and Cuerpo Principal Orebodies) and Ordinary Kriging (Zeus Orebody). A specific density factor was assumed for each site to convert block volumes to tons for the bodies: Goliath = 3.34 t/m3, Maximus = 3.50 t/m3, Maximus Sur = 3.26 t/m3, Zeus = 3.53 t/m3 and Perseus = 3.35 t/m3. For mineralized bodies A, B, D, D2, Afrodita and Rosario the densities were estimated with IDW. Mineral resources are reported with a limit of 0.87% CuEq cut-off for ore-body Zeus, 0.61% CuEq cut-off for ore-body Goliath, Maximus, Maximus Sur and Perseo and 0.86%CuEq cut-off for ore-body body A, B, D, D2, Afrodita, Rosario and Cuerpo Principal. For each block, the CuEq value was calculated by multiplying one ton of mass of each block grade by its average recovery, payable metal recovery, and metal price. Blocks with a CuEq grade higher than the CuEq limit were included in the resource estimate.
Price Target Changed • Apr 30Price target increased by 31% to CA$0.53Up from CA$0.40, the current price target is an average from 2 analysts. New target price is 156% above last closing price of CA$0.20. Stock is up 11% over the past year. The company posted a net loss per share of US$0.047 last year.
Reported Earnings • Apr 17Full year 2023 earnings released: US$0.047 loss per share (vs US$0.03 loss in FY 2022)Full year 2023 results: US$0.047 loss per share (further deteriorated from US$0.03 loss in FY 2022). Revenue: US$57.5m (down 12% from FY 2022). Net loss: US$5.67m (loss widened 54% from FY 2022). Revenue is expected to decline by 47% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 14%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 06Atico Mining Corporation, Annual General Meeting, Jun 18, 2024Atico Mining Corporation, Annual General Meeting, Jun 18, 2024.
分析記事 • Apr 05Atico Mining Corporation (CVE:ATY) Surges 30% Yet Its Low P/S Is No Reason For ExcitementDespite an already strong run, Atico Mining Corporation ( CVE:ATY ) shares have been powering on, with a gain of 30% in...
お知らせ • Apr 05Atico Mining Corporation Announces Positive Results for the Latest 49 Drill Holes Being Carried Out in an Area of Historical Mining to Expand Tonnage At the El Roble MineAtico Mining Corporation announced positive results for the latest 49 drill holes being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for sixteen diamond drill core holes, which included 20.70m of 5.76% Cu, 4.46 g/t Au and 11.50m of 8.16% Cu, 8.09 g/t Au. Ore grade intercepts in another fourteen drill holes are also reported over narrower widths of approximately 1 to 2 meters in areas with limited drilling which highlights the possibility of further extending the ore body with additional drill programs. Exploration Drilling Program - The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began this drill infill program to test the main mineralized body and the immediately adjacent area with a total of 7,880 meters of drilling in 77 holes. The drill campaign will be continued during 2024 and results for the drill holes will be reported as the assay results for mineralized intercepts are received. 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 has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. 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.
Buy Or Sell Opportunity • Apr 01Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 64% to CA$0.18. The fair value is estimated to be CA$0.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Mar 08Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to CA$0.18. The fair value is estimated to be CA$0.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.
分析記事 • Feb 18Estimating The Fair Value Of Atico Mining Corporation (CVE:ATY)Key Insights The projected fair value for Atico Mining is CA$0.15 based on 2 Stage Free Cash Flow to Equity Current...
お知らせ • Feb 06Atico Mining Corporation Announces Additional Positive Results for the Exploration Program Initiated in 2023 Being Carried Out in an Area of Historical Mining to Expand Tonnage At the El Roble MineAtico Mining Corporation announced additional positive results for the exploration program initiated in 2023 being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for seven diamond drill core holes, which included 4.45m of 5.17% Cu, 10.47g/t Au and 4.90m of 9.35% Cu, 2.94 g/t Au. Exploration Drilling Program: The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 7,880 meters of drilling were completed during this program, of which final results for the remaining drill holes are still pending and will be reported as soon as the assay results for mineralized intercepts are received. 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 has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. 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.
Buy Or Sell Opportunity • Jan 31Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to CA$0.11. The fair value is estimated to be CA$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • Dec 19Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be CA$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Dec 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$14.6m market cap, or US$10.7m).
New Risk • Dec 01New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$12.1m (US$8.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (CA$12.1m market cap, or US$8.94m).
Buying Opportunity • Nov 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be CA$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Nov 21Atico Mining Corporation Announces Constitutional Court Ruling Allows Continuation of the Environmental Consultation Process for Atico's La Plata Copper-Gold Project in EcuadorAtico Mining Corporation reported a significant development in Ecuadorian environmental regulation, positively impacting its operations and those of other productive projects nationwide. On November 17 2023, the Ecuadorian Constitutional Court (CC) ruled on the unconstitutionality of Executive Decree 754, regarding the Environmental Consultation Process (ECP) for national projects. However, the CC has decided to maintain the decree in force until the Ecuadorian National Assembly enacts this procedure into Organic Law. This decision comes as a crucial step before the Ministry of Environment, Water, and Ecological Transition (MAATE) can issue environmental licenses. This ruling is pivotal for the La Plata project and the broader community, impacting 178 important national projects in the process of obtaining environmental licenses. The decision enables the resumption of the ECP, previously obstructed by anti-mining groups. This obstruction paralyzed the construction of hospitals, water treatment plants, clean energy projects and not only hampered the project’s progress but also violated the rights of residents in the Direct Influence Area (DIA) to be informed and consulted about potential environmental and social impacts. The Environmental Consultation process is a fundamental dialogue and public debate mechanism. It ensures an open and informed interaction between the State, through MAATE, and local communities where projects are planned. This process aims to extensively and timely inform about potential environmental impacts and the measures for mitigation, control, and monitoring. Atico Mining is committed to transparent and responsible mining practices, respecting both environmental standards and community rights. The company is optimistic that this resolution by the CC will enable it to rapidly progress with the La Plata mining project, following a favourable technical endorsement of the Environmental Impact Assessment (EIA) last May for the upcoming construction phases.
Reported Earnings • Nov 17Third quarter 2023 earnings released: US$0.009 loss per share (vs US$0.001 profit in 3Q 2022)Third quarter 2023 results: US$0.009 loss per share (down from US$0.001 profit in 3Q 2022). Revenue: US$15.3m (down 34% from 3Q 2022). Net loss: US$1.07m (down US$1.20m from profit in 3Q 2022). Revenue is expected to decline by 33% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 15%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
分析記事 • Oct 31Estimating The Fair Value Of Atico Mining Corporation (CVE:ATY)Key Insights Atico Mining's estimated fair value is CA$0.14 based on 2 Stage Free Cash Flow to Equity Current share...
Price Target Changed • Oct 05Price target decreased by 27% to CA$0.55Down from CA$0.75, the current price target is an average from 2 analysts. New target price is 267% above last closing price of CA$0.15. Stock is down 40% over the past year. The company posted a net loss per share of US$0.03 last year.
分析記事 • Sep 14These 4 Measures Indicate That Atico Mining (CVE:ATY) Is Using Debt In A Risky WayThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Aug 16Second quarter 2023 earnings released: US$0.001 loss per share (vs US$0.021 loss in 2Q 2022)Second quarter 2023 results: US$0.001 loss per share (improved from US$0.021 loss in 2Q 2022). Revenue: US$12.2m (up 124% from 2Q 2022). Net loss: US$60.9k (loss narrowed 98% from 2Q 2022). Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 13%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.
分析記事 • Jul 29Are Atico Mining Corporation (CVE:ATY) Investors Paying Above The Intrinsic Value?Key Insights Using the 2 Stage Free Cash Flow to Equity, Atico Mining fair value estimate is CA$0.14 Current share...
お知らせ • Jul 14Atico Mining Corporation Announces Additional Positive Results for Exploration Program Being Carried Out in Area of Historical Mining to Expand Tonnage at El Roble MineAtico Mining Corporation announced additional positive results for the exploration program being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for seven diamond drill core holes, which included 12.0m of 8.50% Cu, 7.23g/t Au and 7.80m of 4.71% Cu and 7.24g/t Au. Exploration Drilling Program: The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 3,765 meters of drilling are planned for 2023, of which final results for ten drill holes that have a mineralized intercept have been received. Anomaly 8: Anomaly 8 has been drill tested with 7 DDH completed to date for a total of 3,792 meters. The target was selected based on a strategic review of historical and recent exploration programs and lies within the favorable stratigraphy that hosts the currently producing high grade Cu/Au VMS El Roble mine. Anomaly 8 is defined by values from surface outcrop of up to 11% Cu within a hydrothermal breccia coincident with a 900m by 300m area of soil and rock copper anomalies, electromagnetic and magnetic geophysical anomalies. Strong alteration with massive sulfide fragments and stringers were intersected in drill holes cutting the target horizon at vertical depths of more than 300 meters below the mineralization that occurs at surface. Elevated copper, zinc, and silver values were returned from core samples as follows: ATDHAN8-007: 25 m. @ 0.4% Cu Inc. 7.3 m. @ 0.64 % Cu; ATDHAN8-004: 20 m. 856 ppm Zn, 5 ppm Ag. 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 has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. 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.
お知らせ • May 24Atico Mining Corporation Extends Ore Body at El Roble Mine in Colombia with Initial Intercepts up to 24.3m of 3.70% Cu, 8.40g/t Au, including 7.3m of 6.41% Cu and 20.00g/t AuAtico Mining Corporation announced that the initial exploration program being carried out in an area of historical mining to expand tonnage at the El Roble mine has returned positive initial results. In addition, the Company reports the results for five diamond drill core holes (ATD-0160 through ATD-0179), which included 24.3m of 3.70% copper and 8.40g/t gold and 31.8m of 3.40% copper and 2.01g/t gold, respectively. The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 3,765 meters of drilling are planned for 2023, of which final results for initial three drill holes have been received. 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 has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. 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.
Price Target Changed • May 24Price target decreased by 12% to CA$0.77Down from CA$0.87, the current price target is an average from 3 analysts. New target price is 314% above last closing price of CA$0.18. Stock is down 52% over the past year. The company posted a net loss per share of US$0.03 last year.
Price Target Changed • May 20Price target decreased by 7.5% to CA$0.82Down from CA$0.88, the current price target is an average from 3 analysts. New target price is 354% above last closing price of CA$0.18. Stock is down 53% over the past year. The company posted a net loss per share of US$0.03 last year.
Reported Earnings • Apr 19Full year 2022 earnings released: US$0.03 loss per share (vs US$0.048 profit in FY 2021)Full year 2022 results: US$0.03 loss per share (down from US$0.048 profit in FY 2021). Revenue: US$65.2m (down 10% from FY 2021). Net loss: US$3.67m (down 164% from profit in FY 2021). Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 17%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 15Atico Mining Initiates Regional Drill Campaign at El Roble Mine, ColombiaAtico Mining Corporation announced an update on the exploration program and the start of regional exploration drilling at the El Roble property in Colombia. A strategic review of historical and recent exploration programs has defined high priority targets within the favorable stratigraphy that hosts the currently producing high grade Cu/Au VMS El Roble mine. The data review highlighted strong evidence of a second event of epithermal mineralization observed which overprinted the known VMS mineralization resulting in upgraded copper and gold content. The highest priority targets are identified by alteration and VMS mineralization with the upgraded Cu/Au content that are coincident with geophysical anomalies. Anomaly 8 was selected from the review as the first target for a follow-up diamond drilling program. It is defined by values of up to 11% Cu in outcropping hydrothermal breccia within a 900m by 300m area of soil and rock copper anomalies with values greater than 800 ppm Cu. It is coincident with EM (VTEM) and magnetic (GMAG) geophysical anomalies. The drill program is currently in progress and the anomaly is not fully tested. Two holes have cut favorable stratigraphy and strong alteration with massive sulfide pyrite fragments. A third drill hole was abandoned due to a major fault zone. An additional 3,050 meters of drilling is planned during 2023 at Anomaly 8. The strategic analysis of historical and recently generated information by the El Roble exploration team was undertaken during the period of January to July 2022 and included drilling campaigns both within the mine and follow-up of regional targets. This reinterpretation, which had the support of expert consultants and universities with staff specializing in mining and exploration, resulted in a better understanding of the concept of VMS clusters and identification of these clusters within the property (La Calera Zn - Ag cluster, La Batea Fe Cluster, Santa Anita Zn - Ag Cluster) as well as generation of new exploration areas. Overall, this reinterpretation has resulted in high priority targets for future exploration programs. The current drill program that began late in the last quarter of 2022 to follow-up Anomaly 8, is confirming the validity of the data review.
Price Target Changed • Jan 24Price target decreased by 8.9% to CA$0.85Down from CA$0.93, the current price target is an average from 3 analysts. New target price is 233% above last closing price of CA$0.26. Stock is down 38% over the past year. The company posted earnings per share of US$0.048 last year.
お知らせ • Jan 24Atico Mining Corporation Provides Production Guidance for the Fiscal 2023Atico Mining Corporation provided production guidance for the fiscal 2023. For the fiscal 2023, the company expects copper in the range of 14,000,000 pounds to 15,000,000 pounds and gold in the range of 10,500 ounces to 12,000 ounces.
分析記事 • Jan 12Is Atico Mining (CVE:ATY) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: US$0.001 (vs US$0.055 in 3Q 2021)Third quarter 2022 results: EPS: US$0.001 (down from US$0.055 in 3Q 2021). Revenue: US$23.1m (down 27% from 3Q 2021). Net income: US$127.6k (down 98% from 3Q 2021). Profit margin: 0.6% (down from 21% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jonathan Goodman was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
分析記事 • Aug 31Is Atico Mining (CVE:ATY) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Aug 19Second quarter 2022 earnings released: US$0.021 loss per share (vs US$0.004 profit in 2Q 2021)Second quarter 2022 results: US$0.021 loss per share (down from US$0.004 profit in 2Q 2021). Revenue: US$5.46m (down 59% from 2Q 2021). Net loss: US$2.54m (down US$2.97m from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 7.5% compared to a 9.7% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Price Target Changed • Jul 22Price target decreased to CA$0.93Down from CA$1.08, the current price target is an average from 2 analysts. New target price is 259% above last closing price of CA$0.26. Stock is down 54% over the past year. The company posted earnings per share of US$0.048 last year.
お知らせ • Jun 09Atico Mining Corporation Obtains the Certificate of Viability for the Tailing and Barren Rock Storage Facilities for La Plata Project in EcuadorAtico Mining Corporation announced that it has received its certificate of viability from the Mining and Energy Ministry for the construction and operations of its filtered tailing and barren rock storage facilities for La Plata mining project located in Ecuador. Following the announcement that the Ministry of Environment and Ecological Transition of Ecuador had signed the approval of the Environmental Impact Study for its La Plata project, the Ministry of Mines and Energy has followed by delivering to Atico the Certificate for the construction of the filtered tailings and barren rock storage facilities. The subsequent step in the permitting process, before the construction of the mine can begin, is the socialization of the results of the EIA with the neighboring communities which will be done in collaboration with officials of the regional government. The conclusion of this process will then allow the government to present to the Company the Environmental Licence, being the final document required to start earth movements and construction. The La Plata project plan consists of a 900 tpd underground mining operation with state-of-the-art infrastructure, the most significant infrastructure being the construction of a filtered tailings facility, a first of its kind in Ecuador. This technology, already used at El Roble mine in Colombia, allows for efficient use of water by significantly reducing water consumption through recirculating almost all of the water needs for the processing plant. The La Plata project also includes the upgrade of other infrastructures including the upgrade of the access road, a 69kV powerline and a flotation plant with its filtered tailing facilities. The GAD and Water Management Association are presently working on water infrastructures projects. These water projects will permit the upgrade and modernization of the existing water supply facilities providing a better quality of waterdelivered to operations and the surrounding communities. Atico Mining's success and culture are based on investing in sustainable development in communities where it operates through responsible mining with a tremendous emphasis on the surrounding environment.
分析記事 • May 22These 4 Measures Indicate That Atico Mining (CVE:ATY) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • May 20Atico Mining Corporation Announces EIA Approval for its 100% Owned La Plata Project in EcuadorAtico Mining Corporation (the ‘Company’ or ‘Atico’) announced that it has received approval of the Environmental Impact Assessment (‘EIA’) for the construction and operations of its La Plata mining project located in Ecuador (the ‘La Plata project’). The La Plata project has been identified by President of Ecuador, Guillermo Lasso as a strategic project and a component of the country's reactivation plan. As a part of this plan, President Lasso has committed to accelerating the restart of the country's economy by leveraging the potential of its mining industry while positioning Ecuador as a major mining investment destination in Latin America. The EIA baseline process started over 3 years ago and involved independent environmental experts as well as qualified professionals mostly from Ecuador, Canada, Peru as well as from their El Roble mine operation which has been recognized as one of the safe mines in Colombia. The La Plata project plan consists of a 900 tpd underground mining operation with infrastructure, the most significant infrastructure being the construction of a filtered tailings facility a first of its kind in Ecuador. This technology, already used at their El Roble mine in Colombia, allows for efficient use of water by significantly reducing water consumption through recirculating almost all of the water needs for the processing plant. The approval of the EIA is a key milestone towards allowing the Company to begin construction of the new process plant facility. This approval enables the Company to advance on its normal course in order to complete the underlying licences and secondary permits necessary. The La Plata project also includes the upgrade of other infrastructures including the upgrade of the access road, a 69kV powerline and a flotation plant with its filtered tailing facilities. The GAD and Water Management Association of the region are presently working on water infrastructures projects. These water projects will permit the upgrade and modernization of the existing water supply facilities providing a better quality of water delivered to operations and the surrounding communities. Atico Mining's success and culture are based on investing in sustainable development in communities where it operates through responsible mining with a tremendous emphasis on the surrounding environment.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jonathan Goodman was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 02Atico Mining Corporation, Annual General Meeting, Jun 14, 2022Atico Mining Corporation, Annual General Meeting, Jun 14, 2022.
お知らせ • Feb 24Atico Mining Corporation Receives Government’s Approval of Mining Regime Modification for the La Plata Project in EcuadorAtico Mining Corporation announced that it has received the administrative resolution to modify the mining regime of its 100% owned La Plata project (“The Project”) in Ecuador. As part of the necessary permit and licensing process to start the construction of the mine facilities, Atico has received the resolution from the sectoral ministry which contains the approval to place the La Plata VMS project into the economic evaluation stage. With this change, the Company can now proceed to develop its operations under the Medium Scale regime, according to Ecuadorian legislation. This mining regime allows the La Plata project to legally extract and process up to 1,000 tonnes per day of minerals from its high-grade VMS.
分析記事 • Feb 17Is Atico Mining (CVE:ATY) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Feb 02Atico Mining Corporation Provides Production Guidance for the Fiscal 2022Atico Mining Corporation provided production guidance for the fiscal 2022. For the fiscal 2022, the company expects copper in the range of 15,000,000 to 16,500,000 pounds and gold in the range of 12,500 to 14,000 ounces.
Price Target Changed • Jan 08Price target decreased to CA$1.12Down from CA$1.22, the current price target is an average from 2 analysts. New target price is 179% above last closing price of CA$0.40. Stock is down 30% over the past year. The company posted earnings per share of US$0.061 last year.
Price Target Changed • Nov 22Price target decreased to CA$1.22Down from CA$1.35, the current price target is an average from 2 analysts. New target price is 139% above last closing price of CA$0.51. Stock is up 5.2% over the past year. The company posted earnings per share of US$0.061 last year.
Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS US$0.055 (vs US$0.013 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$31.8m (up 126% from 3Q 2020). Net income: US$6.65m (up 314% from 3Q 2020). Profit margin: 21% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
分析記事 • Nov 17Atico Mining (CVE:ATY) Has A Rock Solid Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS US$0.004 (vs US$0.009 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$13.4m (up 4.7% from 2Q 2020). Net income: US$430.6k (down 59% from 2Q 2020). Profit margin: 3.2% (down from 8.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 10These 4 Measures Indicate That Atico Mining (CVE:ATY) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Jul 16Atico Mining Corporation Reports Latest Results of Drilling Program At the La Plata High-Grade Volcanogenic Massive Sulphide Project in EcuadorAtico Mining Corporation reported on the latest results of its 2021 drilling program at the La Plata high-grade volcanogenic massive sulphide project in Ecuador. These latest results confirm additional new zones outside of the known envelopes, more precisely along strike and between North and South Blocks. True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 76% and 83% of the drill intercept. Hole CMLP-21-189 was drilled as an in-fill through the South Block and confirmed the surrounding robust grades intercepted by previous drilling of VMS mineralization. Copper and gold grades in the hole remain consistent through 9.8 meters of massive sulphide mineralization. In this sequence, drilling targeted new extensions to test for mineralization at depth, extending the VMS footprint deeper below the North Block. Recent results, including CMLP-21-190 and CMLP-21-192 confirm that additional mineralization continues at depth. Hole CMLP-21-190 also reported two robust mineralized intercepts. The first intercept is dominated by sphalerite and the second intercept by chalcopyrite. These results indicate the presence of a parallel VMS structure located several meters east of the initial North Block. Hole CMLP-21-192 reported grades of 171 g/t silver and 11.9 % zinc over 6.2 meters in addition to strong copper and gold grades. The 2021 drilling campaign has delivered strong results. Drilling results have extended the footprint of the North and South Blocks beyond the known VMS lenses and confirmed the presence of additional mineralized structures parallel to the initial South and North Blocks.
Executive Departure • Jul 13Chief Financial Officer William Tsang has left the companyDuring their tenure, the company went from making losses to turning a profit. On the 2nd of July, William Tsang left the company after 5.4 in the role. As of March 2021, William still personally held only 15.90k shares (CA$3.0k worth at the time). William is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.54 years.