Declared Dividend • Jun 29
Dividend of €0.065 announced Shareholders will receive a dividend of €0.065. Ex-date: 2nd July 2026 Payment date: 22nd July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 90% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €8.75, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Metals and Mining industry in Europe. Total returns to shareholders of 155% over the past three years. Reported Earnings • May 27
First quarter 2026 earnings released: EPS: €0.19 (vs €0.22 in 1Q 2025) First quarter 2026 results: EPS: €0.19 (down from €0.22 in 1Q 2025). Revenue: €117.3m (down 10% from 1Q 2025). Net income: €28.5m (down 6.3% from 1Q 2025). Profit margin: 24% (in line with 1Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • May 21
Atalaya Mining Copper, S.A., Annual General Meeting, Jun 25, 2026 Atalaya Mining Copper, S.A., Annual General Meeting, Jun 25, 2026. Location: hamilton house, 1 temple avenue, ec4y 0ha, london United Kingdom Announcement • Jan 14
Atalaya Mining Copper, S.A. Provides Production Guidance for the Fiscal Year 2026 Atalaya Mining Copper, S.A. provided production guidance for the fiscal year 2026. For the year, copper production is expected to be 50,000 tonnes to 54,000 tonnes, with H2 2026 production to be approximately 10% higher than H1 2026 production. Announcement • Jan 01
Atalaya Mining Copper, S.A. Announces Board and Board Committee Changes Atalaya Mining Copper, S.A. announced that its board of directors intends to appoint Dr Michael ('Mike') Graham Armitage as an independent non-executive director with effect from January 19, 2026, replacing Steve Scott who will be stepping down on December 31, 2025. Mike will join the Board's Physical Risk and Audit Committees. Mike will stand for election at the Company's Annual General Meeting in 2026. Mike has four decades of experience in the mining industry. After spending his early career working underground as a geologist in South Africa, in 1991 Mike joined SRK Consulting where he held varied roles. In addition to his technical work at SRK, producing resource estimates and managing feasibility and due diligence studies, his roles have included Managing Director and Chairman of SRK's UK practice and Chairman of SRK's Russia and Kazakhstan practices as well as SRK Exploration. He also spent six years as Chairman of SRK Global. Mike is also managing director of the Welsh gold exploration company, Sarn Helen Gold Ltd. Mike completed his PhD assessing alternative methods of reserve estimation at the Renco Mine in Zimbabwe and has written several papers on resource and reserve estimation methodology and reporting. He spent several years as joint course co-ordinator of a MSc in Mineral Resources at Cardiff University and then as external examiner for the MSc in Metals and Energy Finance at Imperial College, University of London. He has also been a council member and Vice President of the Geological Society. Mike has been an independent non-executive director of AIM-quoted Central Asia Metals Plc since January 2022 and of AIM-quoted Tertiary Minerals plc since January 2021. As a consequence of these Board changes, the structure of the Board's committees with effect from January 19, 2026 will be as follows: Audit Committee - Carole Whittall (Chair), Mike Armitage, Hennie Faul; Remuneration Committee - Coriseo González-Izquierdo (Chair), Hennie Faul, Neil Gregson, Kate Harcourt; Nominations & Governance Committee - Neil Gregson (Chair), Coriseo González-Izquierdo, Kate Harcourt; Physical Risk Committee - Hennie Faul (Chair), Mike Armitage, Neil Gregson; Sustainability Committee - Kate Harcourt (Chair), Coriseo González-Izquierdo, Carole Whittall. Announcement • Dec 12
Atalaya Mining Copper, S.A. to Report Fiscal Year 2025 Results on Mar 19, 2026 Atalaya Mining Copper, S.A. announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Mar 19, 2026 Announcement • Oct 22
Atalaya Mining Copper, S.A. Provides Production Guidance for the Full Year 2025 Atalaya Mining Copper, S.A. provided production guidance for the full year 2025. For the year, the company expects ore mined to be in the range of 15 million tonnes – 16 million tonnes, Waste mined to be in the range of 40 million tonnes – 43 million tonnes, Ore processed to be in the range of 15.8 million tonnes - 16.0 million tonnes and Copper production to be in the range of 49,000 tonnes - 52,000 tonnes. Announcement • Jul 15
Atalaya Mining Copper, S.A. Reaffirms Production Guidance for 2025 Atalaya Mining Copper, S.A. reaffirmed production guidance for 2025. Guidance for 2025 remains unchanged, including copper production of 48,000 - 52,000 tonnes (weighted slightly towards H1 2025) and Cash Cost and AISC of $2.70 - 2.90/lb and $3.20 - 3.40/lb copper payable, respectively. Announcement • Jul 10
Atalaya Mining Copper, S.A. Announces Results from Its Ongoing Drilling Programme At Proyecto Masa Valverde Atalaya Mining announced results from its ongoing drilling programme at Proyecto Masa Valverde ("PMV"). At present, two rigs are active and are focused on infill and extensional drilling at the Masa Valverde deposit, where high-grade copper zones have been defined. Notable high-grade copper zone drilling results include: - MJ65: 25m at 2.93% Cu (from 568m) - MJ72: 18m at 2.17% Cu (from 611m) - MJ73W1: 83m at 1.19% Cu (from 579m), including 12m at 2.39% Cu - MJ74: 53m at 1.36% Cu (from 599m), including 15m at 2.32% Cu - MJ76: 46m at 2.11% Cu (from 575m) - MJ76W1: 30m at 2.14% Cu (from 598m) - MJ76W3: 25m at 2.54% Cu (from 604m) - MJ79: 26m at 2.78% Cu (from 603m), including 10m at 4.39% Cu. Results are primarily associated with stockwork-style mineralisation, which is expected to be amenable for processing at the existing Riotinto facilities. Drilling supports Atalaya's initial focus on the Masa Valverde copper zones, which are expected to be mined via the planned access ramp. Ramp development is expected to begin once the purchase of certain surface rights is completed and is subject to final Board approval. Recent infill and ext extensional drilling at the Mas a Valverde deposit is confirming and expanding the areas of high-grade copper mineralisation. The implementation of directional drilling has allowed Atalaya to efficiently drill from surface at a spaced grid of approximately 50 by 25 metres over the selected mineral-enriched zones, which are located at depths of over 500 metres. These high-grade zones are related to a late-stage tectonic event, which involves the replacement of primary massive sulphide (pyrite) and volcanic rhyodacite by copper (zinc-lead) veining-type mineralisation. Subsequently, Atalaya was granted the Exploitation and Restoration permits for the Valverde Exploitation Concession in December 2023 and the water permit in May 2024. The permitting timeline for PMV highlights that Andalucia is a world-class mining jurisdiction. Atalaya plans to access the Masa Valverde and Majadales deposits by constructing a ramp from surface. Underground mining is expected to be completed by a mining contractor, which is consistent with other operations across the Iberian Pyrite Belt including at Sandfire's neighbouring MATSA mines, and allows Atalaya to benefit from the significant underground mining skills in the region. Mined material will then be trucked to Proyecto Riotinto in order to leverage Atalaya's existing 15 Mtpa processing plant. The ramp will also facilitate more efficient exploration of the possible connection between Masa Valverde andajadales. Announcement • Jun 25
Atalaya Mining Copper, S.A. Updates on Board Committee Atalaya Mining announced that consequent upon the retirement of Hussein Barma earlier on June 24, 2025 and the appointment of Hennie Faul in his place, board committee composition will now be as follows: Audit Committee: Chair: Carole Whittall; Members: Hennie Faul, Stephen Scott. Nomination & Governance Committee: Chair: Neil Gregson; Members: Kate Harcourt, Stephen Scott. Physical Risk Committee: Chair: Stephen Scott; Members: Hennie Faul, Neil Gregson; Sustainability Committee: Chair: Kate Harcourt; Members: Coriseo González-Izquierdo, Carole Whittall and Remuneration Committee: Chair: Coriseo González-Izquierdo; Members: Neil Gregson, Kate Harcourt, Stephen Scott. Announcement • Jun 20
Atalaya Mining Announces Director Changes Atalaya Mining announced that its board of directors (the "Board") intends to appoint Hendrik ('Hennie') Johannes Faul as an independent non-executive director following the conclusion of the Company's Annual General Meeting (the "AGM") on 24 June 2025. Hennie will replace Hussein Barma who will be stepping down at the conclusion of the AGM. Hennie will stand for election at the Company's Annual General Meeting in 2026. Hennie has over 30 years of mining industry experience as a qualified mining engineer and senior manager. He has led operational, project, and ESG functions across five continents, covering various mine categories and processes. Hennie was previously employed by Anglo American, joining the business in 2004, and holding senior engineering roles and later became group head of mining. From August 2013, until July 2019, Hennie was CEO of Anglo American's Copper Business, overseeing operations in Chile and Peru. Announcement • May 15
Atalaya Mining Copper, S.A., Annual General Meeting, Jun 24, 2025 Atalaya Mining Copper, S.A., Annual General Meeting, Jun 24, 2025. Location: paseo de las delicias 1, 41001 sevilla, Spain Announcement • Apr 15
5Atalaya Mining Copper, S.A. Reaffirms Production Guidance for 2025 Atalaya Mining Copper, S.A. announced that full year 2025 guidance is unchanged from the outlook announced as part of the Company's 2024 Annual Results. This includes copper production of 48,000 - 52,000 tonnes (weighted slightly towards H1 2025). Announcement • Mar 19
Atalaya Mining plc Proposes Final Dividend for the Year Ended 31 December 2024 Atalaya Mining Copper, S.A. proposed a final dividend for FY2024 of $0.03 per ordinary share, which is equivalent to approximately 2.3 pence per share. Payment of the Final Dividend is subject to shareholder approval at the Company's 2025 Annual General Meeting. Should it be approved, the Final Dividend, together with the Interim Dividend paid in September 2024, would result in a Full Year Dividend of $0.07 per ordinary share for FY2024, which is equivalent to approximately 5.4 pence per share. Further details on the timing of the potential payment of the Final Dividend will be provided ahead of the AGM. Announcement • Jan 15
Atalaya Mining Copper, S.A. Announces Board and Committee Changes Atalaya Mining announced that, following a comprehensive search process, its board of directors appointed María del Coriseo ('Coriseo') González-Izquierdo Revilla as an independent non-executive director with effect from 14 January 2025. Coriseo replaces Roger Davey who, as announced on 30 May 2024, retired from the Board on 31 December 2024. Coriseo will also serve as a member of the Board's Physical Risk Committee. She will stand for election at the Company's Annual General Meeting in June 2025. Coriseo has Master's-equivalent degrees in Law and in Economic and Business Sciences from the Universidad Pontificia de Comillas and a Master's degree in Public Administration from Harvard University. She is also a State Economist. Coriseo is an independent member of the board of Aena S.M.E., S.A., the Madrid listed airports operator. She is also a senior executive at OMIE (Operador del Mercado Ibérico de la Energía), the Iberian electricity market operator. She was Chief Executive Officer of ICEX - Spain Trade and Investment and has held a number of economic and commercial executive roles in Spain, Japan, West Africa, U.S.A. and China. She has also served as director on the boards of Instituto de Crédito (the Spanish Government's financial agency), CESCE (Spanish export credit agency), CDTI (Spanish Government agency for technology development) and HUNOSA (coal mining). The composition of the Company's board committees will now be as follows: · Audit Committee ? Chair Carole Whittall ? Members Hussein Barma, Stephen Scott · Nomination & Governance Committee ? Chair Neil Gregson ? Members Kate Harcourt, Stephen Scott · Physical Risks Committee ? Chair Stephen Scott ? Members Neil Gregson, Coriseo González-Izquierdo, Jesús Fernández · Sustainability Committee ? Chair Kate Harcourt ? Members Hussein Barma, Carole Whittall · Remuneration Committee ? Chair Hussein Barma ? Members Neil Gregson, Kate Harcourt, Stephen Scott. Announcement • Jan 14
Atalaya Mining plc Provides Production Guidance for the Year 2025 Atalaya Mining Plc provided production guidance for the year 2025. For the period, the company expects copper production is expected to be 48,000 tonnes to 52,000 tonnes, with Fiscal Year 2025 production weighted slightly towards first half of 2025 as a result of pit sequencing. New Risk • Nov 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.7% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.7% net profit margin). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: €1.70 (vs €0.083 in 3Q 2023) Third quarter 2024 results: EPS: €1.70. Revenue: €86.8m (up 1.7% from 3Q 2023). Net income: €2.42m (down 79% from 3Q 2023). Profit margin: 2.8% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Announcement • Oct 30
Atalaya Mining plc Announces Audit Committee Changes Atalaya Mining Plc announced that Carole Whittall is succeeding Hussein Barma as Chair of the Audit Committee of its Board of Directors with immediate effect. Hussein Barma will remain as a Non-Executive Director and a member of the Audit Committee. Having served as a Non-Executive Director of the Company since September 2015 he will be retiring not later than the Company's next Annual General Meeting in 2025. Announcement • Oct 14
Atalaya Mining plc Provides Production Guidance for the Year 2024 Atalaya Mining Plc provided production guidance for the year 2024. For the year Copper production is expected to beat the lower end of the 45,000 - 50,000 tonne guidance range. New Risk • Aug 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Declared Dividend • Aug 16
First half dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 22nd August 2024 Payment date: 19th September 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 127% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: €0.11 (vs €0.068 in 2Q 2023) Second quarter 2024 results: EPS: €0.11 (up from €0.068 in 2Q 2023). Revenue: €92.2m (up 17% from 2Q 2023). Net income: €15.1m (up 58% from 2Q 2023). Profit margin: 16% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jul 25
Atalaya Mining plc Announces Final Dividend for 2023 ,Payable August 9, 2024 Atalaya Mining Plc announced the foreign exchange rates that will be applied to its 2023 final dividend of USD 0.04 per Ordinary Share, which was announced on 27 June 2024. For shareholders that have elected to receive the 2023 Final Dividend in Sterling or Euros, the foreign exchange rates that will be applied are USD 1: £0.7741 and USD 1: €0.9218. Accordingly, the Sterling and Euro equivalents of the 2023 Final Dividend are £0.0310 and €0.0369 per Ordinary Share respectively. The Company also confirms that the 2023 Final Dividend will be paid on 9 August 2024. Announcement • Jul 15
Atalaya Mining Plc Updates Production Guidance for the Year 2024 Atalaya Mining Plc updated production guidance for the year 2024. For the period, Copper production is expected to be 45,000 tonnes to 50,000 tonnes (from 51,000 tonnes - 53,000 tonnes) in order to reflect first half 2024 performance. The Company continues to expect improved grades in second half of 2024 as well as strong plant performance. Declared Dividend • Jul 07
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 11th July 2024 Payment date: 9th August 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 132% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Jun 16
Non-Independent Non-Executive Director recently bought €441k worth of stock On the 14th of June, Jesus Lopez bought around 93k shares on-market at roughly €4.77 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €477k more in shares than they bought in the last 12 months. Announcement • May 31
Atalaya Mining Plc Announces Board Changes Atalaya Mining Plc announced several updates related to the composition of its Board of Directors as part of implementing its succession plans and Board Diversity Policy. Current Senior Independent Director, Neil Gregson, will succeed Roger Davey as Chair of Atalaya Mining Plc effective 1 July 2024, following the Company's 2024 Annual General Meeting ("2024 AGM") on 27 June 2024. Mr. Gregson was appointed as a Non-Executive Director of the Company in February 2021 and as Senior Independent Director in October 2023, providing him with a strong understanding of Atalaya and its operations. He has over 30 years of experience investing in mining and oil and gas companies, having served as Managing Director at J.P. Morgan Asset Management from 2010 to 2020 and before that at Credit Suisse Asset Management. Mr. Gregson has a BSc (Hons) Mining Engineering from Nottingham University and previously held various positions at mining companies, including a mining investment analyst at Gold Fields of South Africa. Mr. Davey was appointed as a Non-Executive Director of the Company in May 2010 and has served as Chair since December 2014. In order to provide an adequate handover period for Mr. Gregson in his new role, Mr. Davey will continue as a Non-Executive Director of the Company until the end of 2024 after which he will retire. Kate Harcourt will be appointed Senior Independent Director of the Company upon Mr. Gregson assuming his new role as Chair. Ms. Harcourt was appointed as a Non-Executive Director of the Company in May 2022 and serves as Chair of the Sustainability Committee. She is a sustainability professional with over 30 years of experience, working with numerous mining companies on permitting and project finance matters and with financial institutions like the International Finance Corporation. Ms. Harcourt has a BSc (Hons) in Natural Environmental Science from Sheffield University and a MSc in Environmental Technology (Pollution) from Imperial College. Carole Whittall has been appointed as an Independent Non-Executive Director of the Company effective 3 June 2024. Ms. Whittall is a senior executive with over 25 years of experience in the natural resources sector across a broad range of functions including management, finance and M&A. She is currently CFO and Director of Yellow Cake plc, where she was part of the founding management team and participated in its IPO and subsequent capital raises. She is also a co-founder of Mining Strategies Limited, a consultancy firm providing M&A and transaction advisory services to the metals and mining sector. Previously, Ms. Whittall was Vice President, Head of M&A at ArcelorMittal Mining and member of the Mining Executive Team, responsible for global M&A, including acquisitions, divestments, joint ventures and portfolio company management and restructuring. She has a BSc (Hons) in Geology from the University of Cape Town and a MBA from the London Business School. Reported Earnings • May 22
First quarter 2024 earnings released: EPS: €0.015 (vs €0.081 in 1Q 2023) First quarter 2024 results: EPS: €0.015 (down from €0.081 in 1Q 2023). Revenue: €69.9m (down 23% from 1Q 2023). Net income: €2.03m (down 82% from 1Q 2023). Profit margin: 2.9% (down from 13% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Europe. 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 12% per year, which means it is well ahead of earnings. Announcement • Apr 11
Atalaya Mining Plc Reaffirms Production Guidance for the Year 2024 Atalaya Mining Plc reaffirmed production guidance for the year 2024. Cu production is expected to be 51,000 tonnes to 53,000 tonnes. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: €0.28 (vs €0.24 in FY 2022) Full year 2023 results: EPS: €0.28 (up from €0.24 in FY 2022). Revenue: €340.3m (down 5.9% from FY 2022). Net income: €38.8m (up 17% from FY 2022). Profit margin: 11% (up from 9.2% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Mar 08
Atalaya Mining Plc to Report Fiscal Year 2023 Results on Mar 19, 2024 Atalaya Mining Plc announced that they will report fiscal year 2023 results on Mar 19, 2024 Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director Kate Harcourt was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 18
Atalaya Mining plc Provides Production Guidance for the Year 2024 Atalaya Mining Plc provided production guidance for the year 2024. Copper production is expected to be 51,000 to 53,000 tonnes, consistent with FY2023 production levels, with FY2024 production weighted slightly towards H2 2024 as a result of the expected grade profile. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.46 per share. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: €0.083 (vs €0.047 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.083 (up from €0.047 loss in 3Q 2022). Revenue: €85.4m (up 3.7% from 3Q 2022). Net income: €11.6m (up €18.2m from 3Q 2022). Profit margin: 14% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Nov 02
Atalaya Mining Plc to Report Nine Months, 2023 Results on Nov 16, 2023 Atalaya Mining Plc announced that they will report nine months, 2023 results on Nov 16, 2023 Upcoming Dividend • Aug 17
Upcoming dividend of US$0.05 per share at 2.3% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (8.7%). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: €0.068 (vs €0.086 in 2Q 2022) Second quarter 2023 results: EPS: €0.068 (down from €0.086 in 2Q 2022). Revenue: €79.1m (down 15% from 2Q 2022). Net income: €9.54m (down 21% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Aug 10
Atalaya Mining Plc Announces Interim Dividend in Relation to the First Half 2023 Atalaya Mining Plc announced that In relation to the first half 2023 period, the Company's Board of Directors has elected to declare an interim dividend of USD 0.050 per ordinary share (2023 Interim Dividend), which is equivalent to approximately 3.9 pence per share. This compares to the 2022 interim dividend of USD 0.036 per ordinary share. Ex-dividend date: 24 August 2023, Record date: 25 August 2023 and Estimated payment date: 28 September 2023. Announcement • Jul 28
Atalaya Mining Plc to Report Q2, 2023 Results on Aug 10, 2023 Atalaya Mining Plc announced that they will report Q2, 2023 results on Aug 10, 2023 Announcement • Jul 12
Atalaya Mining plc Provides Production Guidance for the Year 2023 Atalaya Mining Plc provided production guidance for the year 2023. For the year, the company expects Ore mined of 17.1 million tonnes, Waste mined of 24.1 million tonnes, Ore milled of 15.3 million tonnes - 15.8 million tonnes, Cu grade of 0.40% to 0.42%, Cu recovery of 85% - 86%, Cu production of 53,000 tonnes - 55,000 tonnes. New Risk • Jul 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €952k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (7.0% net profit margin). Significant insider selling over the past 3 months (€952k sold). Recent Insider Transactions • Jul 12
Chief Financial Officer recently sold €952k worth of stock On the 7th of July, Cesar Sanchez sold around 250k shares on-market at roughly €3.81 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Cesar's only on-market trade for the last 12 months. Announcement • Jun 29
Atalaya Mining Plc Approves Final Dividend for 2022, Estimated Payable on 8 August 2023 Atalaya Mining Plc at its AGM held on June 28, 2023, approved final dividend of USD 0.0385 per ordinary share as part of its 2022 Annual Results. The dividend is estimated payment date is 8 August 2023, Ex-dividend date is 6 July 2023 and Record date is 7 July 2023. Announcement • Jun 01
Atalaya Mining Plc, Annual General Meeting, Jun 28, 2023 Atalaya Mining Plc, Annual General Meeting, Jun 28, 2023, at 10:00 Coordinated Universal Time. Location: Hamilton House, 1 Temple Avenue London United Kingdom Reported Earnings • May 16
First quarter 2023 earnings released: EPS: €0.081 (vs €0.14 in 1Q 2022) First quarter 2023 results: EPS: €0.081 (down from €0.14 in 1Q 2022). Revenue: €91.2m (up 5.7% from 1Q 2022). Net income: €11.4m (down 40% from 1Q 2022). Profit margin: 13% (down from 22% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: €0.24 (vs €0.97 in FY 2021) Full year 2022 results: EPS: €0.24 (down from €0.97 in FY 2021). Revenue: €361.8m (down 11% from FY 2021). Net income: €33.2m (down 75% from FY 2021). Profit margin: 9.2% (down from 33% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 18
Atalaya Mining Plc Provides Production Guidance for the Full Year 2023 Atalaya Mining Plc provided production guidance for the full year of 2023. For the full year, the company expected Ore mined of 17.1 million tonnes, Waste mined of 24.1 million tonnes, Ore milled of 15.3 million tonnes - 15.8 million tonnes, Cu grade of 0.40% - 0.42%, Cu recovery of 84% - 86%, Cu production of 53,000 tonnes - 55,000 tonnes. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 17% share price gain to €4.06, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 90% over the past three years. Recent Insider Transactions • Nov 16
Insider recently sold €927k worth of stock On the 9th of November, Enrique Delgado sold around 300k shares on-market at roughly €3.09 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Recent Insider Transactions • Nov 11
Insider recently sold €927k worth of stock On the 9th of November, Enrique Delgado sold around 300k shares on-market at roughly €3.09 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Reported Earnings • Nov 10
Third quarter 2022 earnings released: €0.047 loss per share (vs €0.28 profit in 3Q 2021) Third quarter 2022 results: €0.047 loss per share (down from €0.28 profit in 3Q 2021). Revenue: €82.3m (down 23% from 3Q 2021). Net loss: €6.61m (down 117% from profit in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improved over the past week After last week's 19% share price gain to €3.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.02, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total returns to shareholders of 5.2% over the past three years. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: €0.086 (vs €0.23 in 2Q 2021) Second quarter 2022 results: EPS: €0.086 (down from €0.23 in 2Q 2021). Revenue: €93.4m (down 6.3% from 2Q 2021). Net income: €12.1m (down 63% from 2Q 2021). Profit margin: 13% (down from 33% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is expected to shrink by 1.5% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 20
First quarter 2022 earnings released: EPS: €0.14 (vs €0.24 in 1Q 2021) First quarter 2022 results: EPS: €0.14 (down from €0.24 in 1Q 2021). Revenue: €86.3m (down 11% from 1Q 2021). Net income: €18.8m (down 44% from 1Q 2021). Profit margin: 22% (down from 35% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 12%, compared to a 38% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 23
Chief Financial Officer recently sold €1.6m worth of stock On the 21st of February, Cesar Sanchez sold around 300k shares on-market at roughly €5.28 per share. This was the largest sale by an insider in the last 3 months. This was Cesar's only on-market trade for the last 12 months. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS €0.28 (vs €0.09 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €107.2m (up 63% from 3Q 2020). Net income: €38.4m (up 210% from 3Q 2020). Profit margin: 36% (up from 19% 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 41% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 18% share price gain to €4.42, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 61% over the past three years. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS €0.23 (vs €0.023 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €99.7m (up 76% from 2Q 2020). Net income: €32.6m (up €29.4m from 2Q 2020). Profit margin: 33% (up from 5.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 15% share price gain to €3.48, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 34% over the past three years. Recent Insider Transactions • Jul 08
CEO, MD & Director recently bought €144k worth of stock On the 2nd of July, Alberto Arsenio Lavandeira Adan bought around 40k shares on-market at roughly €3.61 per share. This was the largest purchase by an insider in the last 3 months. This was Alberto Arsenio's only on-market trade for the last 12 months. Reported Earnings • May 14
First quarter 2021 earnings released: EPS €0.24 (vs €0.023 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €97.4m (up 59% from 1Q 2020). Net income: €33.9m (up €30.7m from 1Q 2020). Profit margin: 35% (up from 5.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Apr 17
Non-Independent Non-Executive Director has left the company On the 12th of April, Damon Barber's tenure as Non-Independent Non-Executive Director ended after 5.6 years in the role. We don't have any record of a personal shareholding under Damon's name. A total of 3 executives have left over the last 12 months. Executive Departure • Apr 03
Non-Independent Non-Executive Director has left the company On the 31st of March, Jose Nicolas Sierra Lopez's tenure as Non-Independent Non-Executive Director ended after 9.5 years in the role. We don't have any record of a personal shareholding under Jose Nicolas' name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS €0.23 (vs €0.27 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €252.8m (up 35% from FY 2019). Net income: €31.5m (down 16% from FY 2019). Profit margin: 13% (down from 20% in FY 2019). The decrease in margin was driven by higher expenses. Production and reserves: Copper Production: 55,890 t (44,950 t in FY 2019) Number of mines: 1 (1 in FY 2019) Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 21
New 90-day high: €3.94 The company is up 90% from its price of €2.07 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 66% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.13 per share. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 20% share price gain to €3.60, the stock is trading at a trailing P/E ratio of 17.6x, up from the previous P/E ratio of 14.7x. This compares to an average P/E of 15x in the Metals and Mining industry in Europe. Total returns to shareholders over the past three years are 72%. Is New 90 Day High Low • Feb 06
New 90-day high: €3.30 The company is up 74% from its price of €1.90 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 68% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.24 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €2.77 The company is up 52% from its price of €1.82 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.15 per share. Is New 90 Day High Low • Dec 05
New 90-day high: €2.46 The company is up 21% from its price of €2.03 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.14 per share. 
