Atico Mining (ATY) - Copper-Gold Producer Playing It Safe. Too Safe?

June 16, 2020

Interview with Fernando Ganoza, CEO of Atico Mining Corp. (TSX-V:ATY)

Atico Mining is a copper-gold developer and producer with two assets: one in Colombia, one in Ecuador. Both are VMS. The producing asset in Colombia, El Roble, is churning out c. 900tpd, but it only has a 4-year life-of-mine. However, Ganoza thinks copper-gold exploration can enhance this significantly.

It's an organic growth copper-gold business model; Ganoza intends to drill out his two resources, financing everything via cash flow from El Roble and avoiding investor dilution. M&A could also change the game for the copper-gold producer.

Ganoza has earned his stripes from the immensely successful and Ganoza-family-operated Fortuna Silver. However, investors aren't current altogether excited about the copper-gold value proposition at Atico Mining. Why, and how will he change this?  

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