19 April 2024

 

Manila,Philippines

 

 

 

Atlas Consolidated Mining and Development Corporation ("Atlas Mining") completed the first quarter of the year 2024 with a reported net income of Php 563 million, higher by 113% form Php 264 million for the same period in 2023. The higher income was mainly due to higher revenue as well as higher milling throughput from the mine operations by its wholly owned subsidiary, Carmen Copper Corporation ("CCC").

 

Copper metal price stood at USD 3.83/pound, lower by 5% from last year of USD 4.05/pound while gold price increased from USD 1,890/ounce to USD 2,074/ounce in the first quarter of2024.