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Mar.29.2024 1USD=7.0948RMB
  SteelHome >>Nonferrous Metals>>Market Info>>International Dynamics
 
Atalaya Mining Announced Q2 2020 Production Report

https://en.steelhome.com [SteelHome] 2020-08-03 15:38:39

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Q2 2020 copper production was a new record of 13,635 tonnes, representing a 25% increase over the equivalent quarter of 2019 and above Q1 2020.

A total of 3.6 million tonnes of ore were processed with an average copper head grade of 0.44% and a recovery rate of 85.89%.

In comparison with the same quarter of 2019, throughput increased 39% while recovery decreased 3%.

Compared with Q1 2020, copper production increased 3% as a result of a 6% higher throughput and lower grades being compensated for by higher recoveries.

Plant recoveries increased as a result of operational improvements to the fully commissioned plant despite scheduled maintenance and mandatory COVID-19 shutdowns during the quarter.

As reported on 30 March 2020, operations at Proyecto Riotinto halted for five days following the Royal Decree issued by the Spanish government to increase the national protective measures against COVID-19, affecting tonnage processed during April 2020 and resulting in lower ore milled than planned during Q2 2020.

Mining operations continued concentrating on mining ore from the higher levels of the mine. On a combined basis, ore, waste and marginal ore amounted to 3.2 million m3 in Q2 2020 versus 2.9 million m3 in Q1 2020.

On-site concentrate inventories at the end of the quarter were approximately 3,845 tonnes.

Copper prices decreased during Q2 2020 compared with Q1 2020, with an average realised price per pound of copper payable, including the QPs closed in the period, of $2.51/lb compared with $2.58/lb in Q1 2020. The average copper spot price during the quarter was $2.42/lb. The realised price during the quarter, excluding QPs, was approximately $2.43/lb.

Cash operating costs for Q2 2020 are expected to be within the lower end of the range of the annual AISC guidance of US$2.20-US$2.30/lb. Further details on costs will be provided with the Q2 Financial Statements to be reported in August 2020.

 

Unit

Q2 2020

Q2 2019

Q1 2020

Full year 2020 Guidance

Ore mined

(M tonnes)

3.2

2.8

3

15

Waste mined

(M tonnes)

5.7

3.6

5.1

22.7

Ore milled

(M tonnes)

3.6

2.6

3.4

14.0 – 15.0

Cu grade

(%)

0,44

0.48

0,47

0.45

Cu recovery

(%)

85.89

88.72

82.62

84 – 86

Cu production

(tonnes)

13635

10888

13229

55,000 – 58,000

Source: Atalaya Mining


(To contact the reporter on this story: jemma.shang@steelhome.cn or 86-555-2238875 18155520624)
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