Interim report
Page 1
18 November 2021 Atalaya Mining Plc ( AIM : ATYM ; TSX : AYM ) , is pleased to announce its quarterly and nine - month results for the period ended 30 September 2021 ( “ Q3 2021 ” and “ YTD 2021 " respectively ) , together with its unaudited interim condensed consolidated financial statements for the year to date . The Unaudited Interim Condensed Consolidated Financial Statements for the three and nine months ended 30 September 2021 are also available under the Company's profile on SEDAR at www.sedar.com and on Atalaya's website at www.atalayamining.com . YTD Financial Highlights EBITDA increased to € 148.2 million in YTD 2021 ( YTD 2020 : € 44.4 million ) and cash flows from operating activities increased to € 129.2 million for YTD 2021 ( YTD 2020 : € 41.8 million ) as a result of robust operational performance at Proyecto Riotinto and strong copper prices . ● ● Following the increased 2021 production guidance as announced on 13 October 2021 , the Company is also updating its 2021 cost guidance , with cash costs now expected to be in the range of US $ 2.15 / lb - US $ 2.25 / lb and AISC now expected to be at the low end of the previous guidance range of US $ 2.50 / lb - US $ 2.65 / lb . Total cash as at 30 September 2021 was € 140.9 million ( including restricted cash of € 15.4 million ) , up from € 37.8 million as at 31 December 2020. Atalaya maintains a strong balance sheet with net cash of € 88.9 million as at 30 September 2021 . Atalaya Mining Plc . ( " Atalaya " and / or the " Company ” ) Q3 2021 Financial Results On 27 October 2021 , the Board of Directors declared an Inaugural Dividend of US $ 0.395 per ordinary share , equivalent to £ 0.294 per share or € 0.345 per share . Quarter ended 30 September Revenues from operations Operating costs EBITDA Profit after tax for the period Basics earnings per share Dividend per share Cash flows from operating activities Cash flows used in investing activities Cash flows used in financing activities Net cash / ( debt ) position ( 1 ) Working capital surplus Average realised copper price Cu concentrate produced Cu production Cash costs All - In Sustaining Cost Q3 Financial Highlights € k € k € k € k € cents / share $ / share € k € k € k € k € k $ / lb ( tonnes ) ( tonnes ) $ / lb payable $ / lb payable Q3 2021 107,161 ( 58,362 ) 48,799 38,206 27.5 0.395 88,854 126,891 58,213 18,820 ( 6,982 ) ( 6,338 ) ( 3,131 ) ( 15,085 ) 4.31 Q3 2020 65,836 64,262 13,893 2.19 2.48 ( 43,571 ) 22,265 12,237 9.0 ( 23,226 ) 25,002 2.72 66,091 14,695 1.94 2.20 Nine months ended 30 Sep 2021 304,265 ( 156,054 ) 148,211 104,199 75.9 0.395 129,212 ( 77,835 ) 51,710 88,854 126,891 4.08 206,018 42,225 2.16 2.49 Nine months ended 30 Sep 2020 183,569 ( 139,196 ) 44,373 18,203 13.7 41,820 ( 19,669 ) ( 454 ) ( 23,226 ) 25,002 2.60 187,032 41,559 1.93 2.17 ( 1 ) Includes restricted cash and bank borrowings at 30 September 2021 and includes Deferred Consideration at 30 September 2020 .