StockMarketWire.com - Atalaya Mining said it boosted its ore and copper output year-on-year thanks to continuous operational improvements.

The ore processing throughput rate was steadily increased during 2018 to achieve a cumulative plant throughput of 9.8 million tpa, with copper production of 42,100 tonnes, an increase of around 13% from the 37,200 tonnes produced in 2017.

The average process plant feed grade of 0.49% copper was consistent with reserve estimates and the process recovery rate improved in 2018 to 88.30% from 85.45% in 2017, the company said.

Cash operating costs for 2018 of $1.94 per pound, were well below the original forecast guideline of $2.15 per pound.

Mining operations progressed according to plan during 2018 and the additional mining equipment was now available on site in anticipation of the increased mining output scheduled for the second half of 2019, the company said.

The company also said it remained focused on growth opportunities, both internally by expanding Proyecto Riotinto and progressing Proyecto Touro and externally by the technical review of non-Atalaya assets.

"I am delighted to report 2018 has been another year of new records achieved at your Company's operating project, Riotinto,' said Roger Davey, non-executive Chairman.


At 10:11am: [LON:ATYM] Atalaya Mining Plc share price was 0p at 205.5p



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