Vancouver, British Columbia, April 5, 2022 (GLOBE NEWSWIRE) — Atico Mining Corporation (“Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) reports a landslide near its business I am. Importantly, no one was injured as a result of this incident.
April 1stst A landslide occurred near the dehydration plant, causing minor damage to the equipment and shutting down operations. There were no injuries due to this accident. The operations team estimates that it will take approximately two to three weeks for repairs and circuit testing to take place, at which point full operation will be resumed.
We do not adjust the 2022 annual guidance. This is because we expect to be able to make up for the lost time throughout the rest of the year.
About Atico Mining Corporation
Atico is a growth-oriented company focused on researching, developing and mining copper and gold projects in Latin America. The company has generated a large amount of cash flow through the operation of the El Roble mine and is developing a high-grade LaPlata VMS project in Ecuador. We are also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.
On behalf of the board
Fernando E. Ganoza
Atico Mining Corporation
Transaction symbol: TSX.V: ATY | OTCQX: ATCMF
Investor public relations
Tel: + 1.604.633.9022
Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.
No securities regulator has approved or disapproved the content of this news release. The securities offered are not registered or registered under the Securities Act of 1933 (the Securities Act of 1933) or the Securities Act of the State, and are either US or “American” (US Securities). Unless you are subject to a US Securities Act exemption for your account or interests (as defined in Regulation S of the Act). This press release is for informational purposes only and does not constitute an offer to sell or purchase our securities in any jurisdiction.
Precautions regarding forward-looking statements
This announcement contains certain “forward-looking statements” in the sense of Canadian securities law. All statements except historical facts contained in this document are forward-looking statements, including but not limited to the use of net income. Forward-looking statements involve a variety of risks and uncertainties and are based on specific factors and assumptions. There is no guarantee that such statements will be proven to be accurate, and actual results and future events may differ materially from those expected in such statements. Key factors that may cause actual results to differ materially from our expectations include the interpretation of drilling results and uncertainties regarding geology, continuity and deposit grade. Uncertainty in estimates of cost of capital and operating costs. The need to maintain interest in our mineral projects and / or raise additional funding to investigate and develop. Uncertainty in meeting the expected program milestones in our mineral projects. The global economic and social impact of COVID-19 is controlled and the duration and extent of the coronavirus pandemic is minimized or not long-term. Government, community, company and other people’s response to COVID-19 pandemics or other confusion related to health and safety issues, or such pandemics or other issues. And other risks and uncertainties are disclosed on the SEDAR website under the heading “Risk Factors” in our prospectus dated March 2, 2012, submitted to Canadian securities regulators. .. www.sedar.com
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