Atalaya Mining Q1 Earnings Call Highlights

Atalaya Mining (LON:ATYM) reported first-quarter 2026 results that were held backmost by dense rainfall successful Spain, but absorption said stronger metallic prices, metallic credits and unusually favorable ore marketplace conditions helped offset the accumulation shortfall.

Chief Executive Officer Alberto Lavandeira told investors that output successful the 4th was beneath the company’s program aft “very dense rainfalls” successful precocious January and passim February affected mining operations. He said conditions improved aft the 4th ended, with April and May described arsenic “quite dry,” allowing Atalaya to transcend program during those months and retrieve “a bully part” of the first-quarter shortfall.

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Despite the little production, Lavandeira said the institution generated €14 cardinal of EBITDA successful the quarter. Cash travel was astir €30 million, which helium said was capable to screen quarterly investments and Atalaya’s concern successful Lara Exploration Ltd.

Atalaya ended the 4th with astir €300 cardinal successful currency and nett currency of astir €270 million. That equilibrium included proceeds from a late-January superior rise of a small little than €150 million.

Lower Grades Weighed connected Production, but Costs Stayed Within Guidance

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Lavandeira said the processing works performed consistently and recoveries were acceptable, but little grades resulted successful reduced copper production. Revenue was somewhat little than successful anterior periods, helium said, though higher copper prices supported currency generation.

The company’s outgo show remained accordant with full-year guidance. Lavandeira said currency costs of €2.52 and all-in sustaining costs of €3.20 were wrong the guided range, adjacent with the little accumulation base. Mining costs were higher due to the fact that of reduced accumulation and higher operating costs, chiefly diesel, portion processing costs were affected chiefly by little throughput.