Atalaya Mining Copper (ATYM) Q3 2026 earnings summary

Executive summary

• Record Q3 and nine-month EBITDA of €90.1m and €216.3m, respectively; net cash was €342.1m at 30 September.

• FY2026 copper production guidance remained 50–54kt, with output expected at the low end; growth projects advanced and Tharsis Mining was acquired.

Financial highlights

• Q3 revenue was €187.8m vs. €106.8m a year earlier; EBITDA was €90.1m vs. €30.7m and profit after tax was €62.9m vs. €10.8m.

• Nine-month revenue was €452.5m vs. €361.5m; EBITDA was €216.3m vs. €138.3m and profit after tax was €146.9m vs. €70.9m.

• Q3 operating cash flow was €57.0m and free cash flow €37.2m; nine-month operating cash flow was €165.6m and free cash flow €95.8m.

• Nine-month investing cash outflow was €69.7m and financing cash inflow €93.4m.

Outlook and guidance

• FY2026 copper production guidance remained 50–54kt, expected at the low end; silver guidance remained 0.9–1.1Moz.

• FY2026 Cash Costs guidance remained US$2.60–2.90/lb and AISC US$3.10–3.40/lb; year-to-date results were within guidance.

• Non-sustaining capital guidance remained €52–80m; exploration and other project expense guidance increased to €7–9m from €5–7m.

• Masa Valverde access-ramp development was expected to start in the coming weeks; Touro’s environmental impact statement approval was nearing completion.