Key Points – Second-quarter performance improved significantly: Atalaya Mining produced 13,500 tonnes of copper at all-in sustaining costs of $2.79 per pound, generating record quarterly EBITDA of €78 million, €58 million in free cash flow and nearly €319 million in net cash. -…
e company maintained its full-year production and cost guidance, while reducing 2026 capital-spending plans by about €20 million due to project delays at San Dionisio; the spending is largely deferred rather than eliminated. – Growth projects remain central to Atalaya’s strategy: Masa Valverde, a potential polymetallic processing circuit at Riotinto and the Touro project could eventually lift production to roughly 100,000 tonnes of copper equivalent, although Touro remains subject to environmental approval. Atalaya Mining (LON:ATYM) reported a stronger second quarter and first half of 2026, supported by improved production following weather-related disruptions earlier in the year, higher copper prices, silver credits and lower treatment charges
Chief Executive Officer Alberto Lavandeira said the company produced 13,500 tonnes of copper in the second quarter at all-in sustaining costs of $2.79 per pound. The result followed unusually heavy rainfall in southern Spain during late January and most of February, which affected first-quarter operations. During the second quarter, operations normalized, with mill performance improving, copper grades approaching 0.4% and recoveries reaching 84%. “It was a good quarter,” Lavandeira said, adding that the company is maintaining its full-year production and cost guidance despite expecting production to finish toward the lower end of its target range.
Record EBITDA, Free Cash Flow and Net Cash Atalaya reported quarterly EBITDA of €78 million and first-half EBITDA of €126 million, both records according to management. Quarterly operating cash flow was nearly €80 million, while free cash flow totaled €58 million. Lavandeira attributed the financial…