SOURCE: Atalaya Mining PLC
January 17, 2017 02:00 ET
NICOSIA, CYPRUS--(Marketwired - Jan 17, 2017) - Atalaya Mining PLC (AIM: ATYM) (TSX: AYM)
AIM: ATYM, TSX: AYM
ATALAYA MINING PLC
("Atalaya" or the "Company")
2016 Operations Update
Copper production in line with high end of production guidance
Atalaya (AIM: ATYM, TSX: AYM), the European mining and development company provides an operations update for Proyecto Riotinto in respect of 2016.
The Company achieved nameplate capacity of 9.5Mtpa, with copper production, recoveries and ore processed increasing on a quarter-on-quarter basis throughout the period.
During 2016, the processing plant was running at 5.0 Mtpa up until May when the Expansion Project was brought on line. Since then, a ramp-up programme was executed resulting in the attainment of nameplate capacity of 9.5 Mtpa in December 2016.
Overall, the Company achieved an annual processing rate of 6.5Mt of ore for 2016. Processing rates during Q4 2016 were similar to Q3 2016 reporting 2.0 million tonnes of ore.
Scheduled maintenance inspections were executed at the end of December 2016 and early January 2017, resulting in an overall availability of the process plant of 94.8% for 2016.
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