UKCritical Materials & Supply Chain▲2
Atalaya Mining reports record EBITDA and net cash, cuts 2026 capex by €20 million
Atalaya Mining reported record quarterly EBITDA of €78 million and a net cash position of nearly €319 million for the second quarter, while reducing its 2026 capital-spending plans by about €20 million due to project delays at San Dionisio. The company produced 13,500 tonnes of copper at all-in sustaining costs of $2.79 per pound, generating €58 million in free cash flow, and declared an interim dividend of €0.055 per share, roughly 25% higher than the prior year. Full-year production and cost guidance was maintained, though output is expected to finish toward the lower end of the target range. Growth projects including Masa Valverde, a polymetallic processing circuit at Riotinto, and the Touro project could eventually lift production to about 100,000 tonnes of copper equivalent, with Touro still awaiting environmental approval.