AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home Business

Atlas Mining earns P 475 M income in Q1

AngMinero News by AngMinero News
May 29, 2018
in Business
28 0
0
Atlas Mining earns P 475 M income in Q1
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Atlas Corp recovered from last year’s loss with a net income of P475 million for the first quarter of 2018. , from the P211 million the company lost last year.

This in comparison to the P 211 million income they lost back in 2017.

Revenues on higher metal production and prices for January to March 2018 increased nearly 50 percent to P4.1 billion, the company reported in a regulatory filing.

“The commodities market remained strong in the first quarter of the year with higher metal prices year-on-year,” the company said in a statement.

Copper metal produced in the company’s owned Carmen Copper Corp. increased 16 percent from 17.55 million pounds to 20.32 million pounds.

Gold production improved as well year-on-year by 59 percent from 4,120 ounces to 6,537 ounces.

Copper prices increased up to 19 percent at $2.63 per pound. Average realized gold price increased to $1.330 per ounce.

Cash costs were also higher by 33 percent from P2.05 billion to P2.72 billion amid the increase in production and shipment while average cost per pound remained stable at $1.77 per pound.

 

Tags: Atlas Mining

Related Posts

Metallic mineral production up 3.17% in three quarters of 2024
Business

Metallic mineral production up 3.17% in three quarters of 2024

January 8, 2025
Nickel Asia to divest stake in Coral Bay, to focus on upstream mining, RE
Business

Nickel Asia to divest stake in Coral Bay, to focus on upstream mining, RE

January 8, 2025
Benguet Corporation eyes new ventures after 30 years
Business

Benguet Corporation eyes new ventures after 30 years

December 27, 2024
B2Gold to expand PH operations with new exploration office in 2025
Business

B2Gold to expand PH operations with new exploration office in 2025

December 13, 2024
Philex 2021 core net income soars 118% to Php2.53B
Business

Philex Mining extends Padcal mine operations until 2028

December 9, 2024
Masbate gold project mark six-year safety record
Business

Masbate gold project mark six-year safety record

December 4, 2024

FEATURED POST

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025
FNI registers Php 1.9B net income for 2021

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025
Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025
Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

EDITOR PICK'S

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025

Responsible Mining Pays Off: Apex Mining Wins Regional Bronze for Best-Managed Company

June 23, 2025

Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

June 23, 2025

Recent News

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025
FNI registers Php 1.9B net income for 2021

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In