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Atlas Mining reports string Q3 results, revenue up 7% to Php14 billion

20 October 2023

Manila, Philippines


Atlas Consolidated Mining and Development ("Atlas Mining") posted revenues of Php14.5 billion, a 9% growth from last year. Net income ended at Php880 million for the third quarter of 2023.

Copper metal price stood at $3.90/lb in the third quarter of 2023, lower by 6% from last year of $4.15/lb. However, gold price had increased to USD 1,935/ounce from USD 1,827/ounce in the same period of 2022.

Earnings before interest, tx, depreciation and amortization (EBITDA) was Php4.92 billion for the third quarter of 2023 compared to Php4.37 billion in the same period of 2022.




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