Atico Mining

Atico Mining 200x300px

Primary ticker: TSXV:ATY
Stage of development: Exploration, Development, Production
Primary minerals: Copper and Gold
Projects to promote: La Plata and El Roble
Project locations: Ecuador and Colombia
Website: aticomining.com

Atico is a growth-oriented producer, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities.

Cash: USD$15M
Debt: USD$14M


Major shareholders:
Ingalls & Snyder
Aterra Capital
Gold 2000
Management Ownership – 18%

Financials

Management Profile

FERNANDO E. GANOZA – CEO

Fernando is a Mining Engineer with over 25 years of management experience in Latin America including key roles in the development of mines in Peru and Mexico as Project Manager and Country Manager for Canadian based producer Fortuna Silver Mines.

He has strategic planning and business development experience with Cargill Inc., where he participated in the valuation and structuring of deals with cumulative value over US$350 million. Fernando holds a BSc. in Mining Engineering from the Universidad de Antofagasta in Chile and an MBA from the Darden School of Business at the University of Virginia.

IGOR DUTINA – Corporate Development
Igor has an extensive background in financial and capital markets, with more than 15 years of experience in the mineral exploration and mining industry working with a number of publicly.

What recent news would you like to highlight to investors attending?

Positive drill results at the El Roble mine complimented by good cashflows

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Deliver a feasibility study on our development asset, the La Plata project in Ecuador.

6 Months:
Continue to deliver strong near mine exploration results in Colombia.
Update resources at El Roble, extending the life of mine.

 

12 Months:
Advance La Plata project thought the permitting process.
Complete a project financing package for La Plata.
Make a positive construction decision on La Plata.