News · Yahoo Finance

Atico Produces 2.08 Million Pounds of Cu and 2,472 Ounces of Au in Third Quarter 2026

Atico Mining reported third-quarter 2026 production from its El Roble mine of 2.08 million pounds of copper and 2,472 ounces of gold in concentrates. Compared with Q3 2025, copper output fell 7% while gold rose 30%. Stronger gold grade and recovery narrowed the gap to gold production guidance and lowered all-in sustaining costs, while higher metal prices supported revenue. The company expects production to keep improving next quarter on higher copper and gold head grades and is updating its reserves report, where it anticipates a longer mine life. The results are preliminary and await independent lab verification.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

goldcopperminingAtico Mining

Open a keyword to see other news on the same topic.

Related tickers and likely impact

XAU/USD

• Neutral

Relevance: low

MarketGold
Close on 10/21/20264,141.17
Change that session+0.39%
XAU/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Quimbaya Gold Defines a Copper-Molybdenum Porphyry System at Tahami Center

    Quimbaya Gold has reported assay results from the first six drill holes at Tahami Center, part of its Tahami Project in Segovia, Antioquia, Colombia, totaling 2,928 meters. All six intersected a copper-molybdenum porphyry system with geochemically anomalous but sub-economic mineralization; below the oxide zone, they average 0.021% Cu and 31 ppm Mo. Hole TCDH-006 returned 526.95 meters grading 0.041% Cu and 34.1 ppm Mo, including 98.70 meters at 0.062% Cu. The Cu/Mo ratio rises with depth, from 3.6 at 100–200 meters to 26.4. Drilling at Tahami Center will pause so the data can be modelled, while drilling continues at the Tahami South Gold-Silver target and the company plans stream sediment sampling and a magnetic survey to find other near-surface porphyry targets.

    Yahoo Finance·mininggoldcommodities
  • Copper Prices Could Be A Key Test For Freeport McMoRan Stock

    Freeport-McMoRan reported third-quarter 2026 copper production of about 830 million pounds and gold output of roughly 230 thousand ounces, broadly in line with internal expectations. About 60 thousand ounces of refined gold sales were deferred into the fourth quarter due to shipment timing and Indonesian smelter logistics. The company guided to Q3 copper sales of about 750 million pounds and gold sales near 100 thousand ounces, lower than prior expectations because of the deferrals. The article says the Q3 2026 earnings release on October 27 is the near-term catalyst, and identifies operational and regulatory complexity in Indonesia as the biggest current risk.

    Yahoo Finance·Freeport-McMoRancoppergold
  • Auriginal Intersects 45.5 m of 1.05 g/t Au and 29.4 m of 1.32 g/t Au at Roger, Extending Gold-Copper Mineralization at Depth; Updated Mineral Resource Estimate Expected Before Year-End 2026

    Auriginal Mining reported assays for four drill holes at its 100%-owned Roger Project in Quebec, completing all Phase 1 results; every hole returned gold-copper mineralization extending to about 660 m down-hole. The strongest hole, AUR-26-12, returned 45.5 m grading 1.05 g/t Au from 397.0 m, including 8.0 m at 4.37 g/t Au, while AUR-26-10 returned 29.4 m at 1.32 g/t Au from 402.0 m. Phase 1 drilling has extended the system to at least 1.4 km of strike and 150 m below historical drilling, and Phase 2 is about 70% complete. Visible gold was seen for the first time at Roger in hole AUR-26-20, with assays pending. An updated Mineral Resource Estimate for the Roger Zone is expected before year-end 2026, excluding this year's drilling.

    Yahoo Finance·goldminingcopper
  • Medaro Mining Defines Multiple High-Grade Copper-Gold Target Areas at Bastnäs Project in Central Sweden Following 2026 Surface Sampling Program

    Medaro Mining is providing more geological context for the copper-gold results from its 2026 surface sampling at the Bastnäs Project in central Sweden, without reporting new assay results. Of 218 samples collected, 56 assayed above 1.0% copper, including 10 above 10% Cu, and seven of those 10 came from waste dumps around the historic Persgruvan-Bössan underground mine (Area D). The program also returned 15 samples above 2.0 g/t gold, and the highest gold result, 16.5 g/t Au from sample BS159 at Stålklockan (Area C), also contained 3.82% Cu and 11.68% TREO. Because the samples are selective waste-dump material, the company says the results do not establish grade, width or continuity of in-situ mineralization. The company plans to focus its next copper-gold targeting on Persgruvan-Bössan and Stålklockan, and to integrate the surface results with a 2026 drone magnetic survey before finalizing drill collar locations.

    Yahoo Finance·goldminingcopper
  • Copper is outshining gold this year. Investors say the rally can survive an AI correction

    Copper is becoming more strategic for governments and industries as AI, power-grid investment and defense spending boost demand, investors say. Copper has risen 15.8% year-to-date and more than 30% over the past 12 months, while gold futures have fallen 4.11% year-to-date. Ivanhoe Electric CEO Taylor Melvin said demand from technology and defense is almost inelastic and expects copper to withstand recent tech-stock volatility. The rally is also supported by uncertainty over a possible U.S. tariff on refined copper, which the Commerce Department recommended at 15% from Jan. 1, 2027, though no final decision has been announced. Aberdeen's Iain Pyle noted that a large share of the world's copper is now stored in the U.S. and Chinese inventories look exceptionally low, while still seeing underlying fundamentals as clearly bullish.

    CNBC·▼ XAU/USD• NVDAgoldcoppertariffs
  • RBC flags downside risks for gold shares ahead of quarterly results

    RBC Capital Markets expects a mixed third-quarter reporting season for gold producers, as average gold prices fell 6% quarter on quarter to US$4,266 an ounce, a second consecutive quarterly decline, while elevated energy prices add to costs. RBC expects modest production gains and slightly lower all-in sustaining costs for the producers it covers, though inflation will limit the benefit. Its main risk lies in 2027 forecasts, where it expects all-in sustaining costs to rise 4% and capital expenditure 16%, above consensus of no cost growth and an 8% rise in capital spending, citing higher energy and labour costs, possible lower ore grades and more discretionary spending. Producers remain financially strong, with many in net cash and near-record free cash flow, and RBC sees valuations as 'reasonable' at 1.1 times price to net asset value, with free cash flow yields of 6% to 7% for 2026 and 2027. However, it warns that weaker gold prices, elevated earnings expectations and execution risks could weigh on shares.

    Yahoo Finance·▼ XAU/USDXAUUSDgoldmining

Related markets

Gold →

Latest news

  • 3 reasons SpaceX could fall short of $1 trillion revenue goal

    Host Ejaaz Ahamadeen outlines three obstacles that could keep Elon Musk's SpaceX (SPCX) from reaching a $1 trillion revenue goal. First, capex of $35 billion to $40 billion raises funding questions, with Tesla's balance sheet cited at about $43 billion and rumors that Musk is seeking $30 billion to $50 billion before the Anthropic IPO. Second, moving from GB300 to Vera Rubin GPUs may prove technically harder, as the host doubts Jensen Huang's claim that the new chips take about 5 minutes to bring online and notes that next-gen GPUs have historically taken time to deploy. Third, revenue forecasts diverge sharply: JP Morgan projects $254 billion next year, while Musk's estimate is $500 billion to $1 trillion.

    Yahoo Finance·• TSLASpaceXTSLAElon Musk
  • SpaceX Just Crushed Wall Street's Q3 Targets -- but a Potential Tesla Merger Is Even Bigger News

    SpaceX reported third-quarter adjusted EPS of $0.45 on sales of $14.58 billion, far above analyst averages of $0.13 and $12.72 billion. Revenue rose 161% year over year and net income swung to $4.4 billion from a $1.1 billion loss a year earlier; Starlink sales grew 69% to $5.25 billion, while the superintelligence segment rose about 830% to $7.56 billion. The company guided first-quarter 2027 sales to $33–37 billion, and Musk said he expects annual recurring revenue of $500 billion–$1 trillion by the end of next year. On the call, Musk said special committees had been formed to explore a merger with Tesla, that he could not take part due to conflicts, and that merging was a good idea, though shareholder approval equal to 50% of total shares would be a significant hurdle.

    Yahoo Finance·• TSLASpaceXTSLAmergers and acquisitions
  • Blackstone's Jon Gray says CoreWeave can 'find a way through' financing pressure

    Blackstone COO Jon Gray told CNBC that CoreWeave, despite concerns about its massive debt, will “find a way through” its financing challenges and that its underlying business is strong. CoreWeave has about $51.6 billion in total debt, including roughly $35 billion in notes, bonds and loans, and its shares fell 3.55% Thursday and 14% over the past week as investors questioned how it will fund its data centers. Gray said demand for computing power is strong while supply is constrained, and that if neoclouds get through this phase, compute pricing is up 50%. Blackstone's third-quarter revenue of $3.22 billion missed the $3.28 billion expected, while adjusted EPS of $1.32 beat the $1.26 consensus; Gray called it a challenging quarter due to high energy prices and rising Treasury yields. He expects a strong fourth quarter and 2027, and IPOs to resume once markets calm.

    CNBC·CoreWeavedata centersBlackstone
  • Chip stocks break a bear trap after a $2.6 trillion rout — here are the levels bulls need to hold

    The PHLX Semiconductor Index (^SOX) is down about 3% after dipping to 11,000, a support level that has rescued chip stocks twice since September, so the bear-trap rebound only holds if that floor does. Since Oct. 6, all 60 stocks in Yahoo Finance's chip basket have fallen, erasing about $2.7 trillion in market value; Lam Research and Applied Materials are each down nearly 30%, AMD nearly 20%, and Nvidia 9%. Lam fell despite record revenue because it said supply limits would cap its outlook and China sales would be “meaningfully down” in December. The Nasdaq 100 is down about 6% over the same period. The article flags 10,450–10,550 as the zone to watch if 11,000 breaks, and 12,600–12,700 as the level bulls must reclaim, while semiconductor ETFs saw record flows over the past week.

    Yahoo Finance·▲ NVDAsemiconductorsNVDANasdaq
  • A New Mexico Judge Just Hit Meta With a $25 Billion Penalty

    On October 21, 2026, a New Mexico judge ordered Meta to pay the state $25 billion over misleading Facebook users about privacy in the Cambridge Analytica case, far above the FTC's $5 billion fine in 2019. Jurors found 26 of 29 statements misleading, and counting each statement per user or resident who saw it produced more than 43 million violations, with state law allowing up to $5,000 each; all the money goes to New Mexico schools. The judge said the conduct went to the heart of Facebook's core business and found that senior leaders, including Zuckerberg and Sandberg, misrepresented its privacy practices. Meta is appealing, has paid nothing, and interest keeps accruing, while the penalty equals about 2.5 times its $9.86 billion third-quarter net income.

    Yahoo Finance·▼ METAMETAMark Zuckerbergregulation
  • Meta is leading the way for hyperscalers, and don't sleep on the Tesla Cybercab

    In this Yahoo Finance segment, Brian Sozzi highlights Meta (META) unveiling a new class of stock that could serve as a blueprint for other hyperscalers, the view that investors are overlooking Tesla's (TSLA) vehicle, and bearish sentiment around CoreWeave (CRWV). He then interviews P&G CFO Andre Schulten about encouraging growth and whether everyday product use has hurt the company with consumers.

    Yahoo Finance·▲ META▲ TSLAMETATSLAdata centers

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.