Atico Mining Full Year 2023 Earnings: US$0.047 loss per share (vs US$0.03 loss in FY 2022)

Atico Mining (CVE:ATY) Full Year 2023 Results

Key Financial Results

• Revenue: US$57.5m (down 12% from FY 2022).
• Net loss: US$5.67m (loss widened by 54% from FY 2022).
• US$0.047 loss per share (further deteriorated from US$0.03 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Atico Mining Earnings Insights

Looking ahead, 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%.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Atico Mining (1 is significant!) that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.