Atalaya Mining plc Announces Production Results for the Fourth Quarter and Full Year 2017; Provides Production Guidance for the Year 2018
For the quarter, the company mining operations are running stable quarter-on-quarter. On a combined basis, ore, waste and marginal ore amounted to 3.1 Mm3 in fourth quarter 2017 versus 2.7 Mm3 in third quarter 2017. The new mining fleet, commissioned during the previous quarter, is now fully operational. Two additional production drill rigs and a 90,000-litre water bowser were delivered to site. At the processing plant, hourly throughput rate has improved compared with previous quarters owing to higher equipment availability. Cu production was 8,622 tonnes compared to 8,938 tonnes a year ago.
For the year 2018, Guidance for copper production for 2018 is estimated to be in the range of 37,000 to 40,000 tonnes.