Atalaya Mining PLC Full Mechanical Completion of 15Mtpa Expansion (3802J)
August 19 2019 - 1:00AM
UK Regulatory
TIDMATYM
RNS Number : 3802J
Atalaya Mining PLC
19 August 2019
19 August 2019
Atalaya Mining Plc. ("Atalaya" or "the Company")
15Mtpa expansion at Proyecto Riotinto reaches full mechanical
completion
Atalaya Mining Plc (AIM:ATYM, TSX:AYM), the European mining and
development company, is pleased to announce that the Expansion
Project to 15Mtpa has reached full mechanical completion. The new
SAG mill, new primary crusher and all associated equipment have now
been running continuously and are ready to start receiving ore and
ramp up production during wet commissioning. The additional
electricity supply for the expansion is expected to come on stream
during Q3 2019.
As reported by the Company in previous announcements, the new
flotation and concentrate handling areas have also been completed
and are operating normally.
The Company believes the start-up of the expanded plant will
reach its nameplate capacity of 15Mtpa by December 2019. This
Expansion Project demonstrates once again the Company's ability to
achieve low capital intensity projects in a timely and cost
effective manner.
Alberto Lavandeira, CEO, commented:
"This expansion is a milestone for Atalaya. It will increase
copper production, improve operational efficiencies, reduce
maintenance requirements and lower operating cash costs for the
Company."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) no 596/2014.
Contacts:
Elisabeth Cowell / Adam + 44 20 3757
Newgate Communications Lloyd / Tom Carnegie 6880
+44 20 3170
4C Communications Carina Corbett 7973
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Canaccord Genuity (NOMAD Henry Fitzgerald-O'Connor +44 20 7523
and Joint Broker) / James Asensio 8000
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Jeffrey Couch / Tom Rider
BMO Capital Markets (Joint / Michael Rechsteiner / +44 20 7236
Broker) Neil Elliot 1010
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+44 20 7418
Peel Hunt LLP (Joint Broker) Ross Allister / David McKeown 8900
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About Atalaya Mining Plc
Atalaya is an AIM and TSX-listed mining and development group
which produces copper concentrates and silver by-product at its
wholly owned Proyecto Riotinto site in southwest Spain. In
addition, the Group has a phased, earn-in agreement for up to 80%
ownership of Proyecto Touro, a brownfield copper project in the
northwest of Spain which is currently in the permitting stage. For
further information, visit www.atalayamining.com
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contact rns@lseg.com or visit www.rns.com.
END
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