CEO, Fernando Ganoza of Atico Mining Corporation, Appeared for the First Time with Everett Jolly, Host of Uptick Newswire's "Stock Day" Podcast
PHOENIX, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Atico Mining Corporation (TSX.V:ATY) (OTC:ATCMF) (the “Company”) announced CEO Fernando Ganoza’s interview on Uptick Newswire’s “Stock Day” Podcast.
On today’s show, Jolly has invited a brand new guest, Atico Mining Corporation’s CEO, Fernando Ganoza. “Welcome to the show! Give my listeners an about statement of who you are and what you guys are so proud of.”
Atico Mining is a Canadian-based company focused on developing and operating copper-gold projects in Latin America. Drawing on the extensive operational experience of management and directors in Latin America, the company's strategy is to build a mid-tier copper-gold producer by acquiring advanced-stage projects with potential for high-margin operations and sustainable organic growth.
They are very proud of the El Roble Mine where they have been for the last 4 years. The Company owns 90% of the operating mine and surrounding claims. They are producing very well, around 1,000 tons per day, around 20 million pounds of copper per year and about 11,000 ounces of gold per year.
Ganoza indicated that the next steps for the Company will be to bring more scale to this very nice, high-grade operation. “And, of course, we’re being very aggressive on the exploration front, both at the mine where we believe there is potential to increase the resources and continue expanding the mill. And also outside the mine, looking for other Volcanogenic Massive Sulphide (“VMS”) type deposits that may form a cluster along with the Roble mine. So, those are the two opportunities.”
They’re also looking for additional deposits. That’s the exploration upside at the Roble project.
“Tell my listeners what they can take away from this interview and why they might want to invest in your company.”
“Sure,” said Ganoza. “We are generating positive cash flow that funds – completely funds – our exploration and expansion activities. We have a very attractive exploration upside and we have a management with an excellent track record that has delivered on all of their promises to the market at El Roble and on the other companies we have been involved with.”
So, with Atico Mining, you have a very unique combination that will give you a lot of potential upside in this copper market.
Jolly and Ganoza agreed that the Company is currently undervalued. Ganoza believes they’re being penalized because of their small size. He thinks El Roble is a very nice project which lacks scale, but once they get the scale, things will be a lot different for the Company and that’s what they’re after.
They export and sell their copper and gold concentrate, so the revenue is based on how many shipments were made that quarter.
Ganoza wanted to give Uptick’s listeners a better understanding of the Company and said that they would be at $60 million in revenue. Jolly said that was impressive because other small mining companies have no revenues.
They’re always looking for a good project. Ganoza believes the Company is in a good market with copper and gold and believes investors will only benefit from the Company’s expansion and continued growth.
For more information about the Company’s financial details, listen to the full interview at the link below:
About Atico Mining Corporation:
Atico Mining is a Canadian-based company focused on developing and operating copper-gold projects in Latin America. Drawing on the extensive operational experience of management and directors in Latin America, the company's strategy is to build a mid-tier copper-gold producer by acquiring advanced-stage projects with potential for high-margin operations and sustainable organic growth.
Contact:
Atico Mining Corporation
Corporate Headquarters
543 Granville Street
Suite # 501
Vancouver, BC V6C 1X8
1-604-633-9022
http://aticomining.com/
Corporate Development:
Igor Dutina
idutina@aticomining.com
Safe Harbor Act and Forward-Looking Statements:
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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SOURCE:
Uptick Newswire
https://upticknewswire.com/