“The return to profitability of Atlas Mining has validated the strategies that were diligently implemented over recent years. Wholly owned subsidiary Carmen Copper Corp. saw its copper production increase to 81.62 million pounds from 81.54 lb year-on-year. Gold production also expanded by 25 percent to 35,814 ounces from 28,704 oz. Atlas Mining credit the improved copper output on higher tonnage milled and gold production on higher realized gold grades. Gold price rose by 16 percent to $1,905/oz, compared to the six-month average of $1,647.

Source: Manila Times November 06, 2020 16:52 UTC