Atlas Consolidated Mining and Development Corporation has reported a nine percent surge in revenue for the third quarter of 2023, reaching Php 14.5 billion.
The net income for the third quarter of 2023 amounted to Php 880 million.
During this period, the price of copper metal averaged $3.90 per pound, marking a six percent decrease from the previous year’s $4.15 per pound.
In contrast, the price of gold saw a substantial increase, rising to USD 1,935 per ounce from USD 1,827 per ounce in the same period the previous year.
Earnings before interest, tax, depreciation, and amortization (EBITDA) for the third quarter of 2023 amounted to Php 4.92 billion, reflecting a slight increase from Php 4.37 billion in the same period in 2022.
