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13 May 2021 Atalaya Mining Plc . ( " Atalaya " and / or the " Group " ) Condensed Interim Consolidated Financial Statements for the three months ended 31 March 2021 Atalaya Mining Plc ( AIM : ATYM ; TSX : AYM ) , is pleased to announce its unaudited quarterly results for the three months ended 31 March 2021 ( " Q1 2021 " ) , together with its unaudited interim financial statements for Q1 2021 . The Company increased EBITDA to € 47.4 million ( Q1 2020 : € 9.3 million ) and cash flows from operating activities to € 36.8 million ( Q1 2020 : € 15.5 million ) in Q1 2021 as a result of robust operational performance at Proyecto Riotinto , combined with strong copper prices . Unrestricted cash as at 31 March 2021 was € 63.6 million up from € 37.8 million as at 31 December 2020. Atalaya maintains a strong cash position with net cash of € 10.6 million as at 31 March 2021 after drawing down facilities to pay Astor . The Q1 2021 Unaudited Condensed Interim Consolidated Financial Statements are also available under the Company's profile on SEDAR at www.sedar.com and on Atalaya's website at www.atalayamining.com . Financial Highlights for Q1 2021 ● Quarter ended 31 March Revenues from operations Operating costs EBITDA Profit for the period Basic earnings per share Cash flows from operating activities Cash flows used in investing activities Cash flows from financing activities Net cash / ( debt ) position ( ¹ ) Working capital surplus Average realised copper price € k € k € k € k . € cents / share € k € k € k € k € k US $ / lb Cu concentrate produced Cu production Cash costs All - In Sustaining Costs ( 1 ) Includes borrowings and Deferred Consideration liability ( tonnes ) ( tonnes ) US $ / lb payable US $ / lb payable Q1 2021 97,380 ( 48,026 ) 47,443 33,702 24.5 36,803 ( 63,930 ) 52,948 10,588 61,028 3.62 67,260 13,979 2.04 2.46 Q1 2020 61,189 ( 49,191 ) 9,274 2,931 2.3 15,485 ( 5,585 ) 24,046 ( 10,977 ) 7,878 2.58 60,003 13,229 1.99 2.21 % 59.1 % ( 2.4 % ) 411.6 % 1,049.8 % 965.2 % 137.7 % ( 1,044.7 % ) 120.2 % 196.5 % 674.7 % 40.3 % 12.1 % 5.7 % 2.5 % 11.3 % Q1 2021 revenues of € 97.4 million ( Q1 2020 : € 61.2million ) . Higher revenues were the result of higher realised copper prices and slightly larger volumes of concentrate sold . Lower Q1 2021 operating costs of € 48.0 million ( Q1 2020 : € 49.2 million ) due to strong cost control and the one - off nature of several cost items in Q1 2020. These one - off Q1 2020 costs included increased electricity consumption during SAG mill commissioning and increased consumables and maintenance costs required to support the expanded nameplate processing capacity . Q1 2021 EBITDA of € 47.4 million ( Q1 2020 : € 9.3 million ) . The increase in EBITDA was driven by higher revenues and lower operating costs compared with Q1 2020 . Q1 2021 profit after tax of € 33.7 million or 24.5 cents basic earnings per share ( Q1 2020 : € 2.9 million or 2.3 cents basic earnings per share ) . Q1 2021 realised average copper prices in Q1 2021 excluding QPs were US $ 3.84 / lb , in line with average spot copper prices during the period of US $ 3.85 / lb .