Q3 investor call9 Nov 2022 15:59
So much to say ... but will try and summarise:
- yes first ebitda loss in 7 years, but because of power costs (60% of negative move) and lower copper price (40% impact).
As ATYM moves into 2023 lots of things to look forward to: expansion of current Rio Tinto in focus. We could ultimately achieve 70,000 tonnes from 56k just at Rio Tinto.
- Touro progressing : ATYM has been cleaning the water ... local law makers very impressed.
- acquisitions : looking, prices lower, but nothing near production. Better to focus on what ATYM has. ELIX could help in acquisition ATYM knowledge could be used at other mines.
Power: ATYM costs will drop in 2023
- first there is power agreement signed
- solar likely to start in H2 2023
- looking and testing wind
Scoop : ATYM to become a regional green energy power supplier post mine life.
- after mining for 20 years + ATYM will be a profitable green energy supplier with Solar and possible addition of inland Wind on its property all paid for by copper production.
ELIX plant is being built fast: huge at 130m long
- will start by producing ZINC, but will also considering producing copper cathodes.
Dividend
- no change to policy : 30-50 of free cash flow paid to investors
- same for 2023
Mentioned Trafigura / Matza Sandfire deal $1.5bn , and just said in conversation when answering a question that could happen to us ...
I SAY : come on copper price !!!!! We need higher if we want a good exit price.