Member Info for Mr0nions

Because of this post, I'm holding position. Good luck all.

Factor in copper now 6 (Vs 5.1 achieved for q4). Let's also factor in silver (expected to be 100-200 $). At $75 silver credits worth $40 million (spot) on our EBITDA. In report they also mention our Copper Gold deposit so maybe finally some traction in gold.

1+1.2 million ounces at 75USD s, silver revenues 40million $

Short summary , very good

Atalaya Mining: Q4 2025 Summary

* Copper Price: Realised price surged to $5.10/lb in Q4 (vs. $4.10/lb YoY), driving significant margin expansion.

* Production: Met upper end of FY2025 guidance at 51,139 tonnes; 2026 guidance set higher at 50,000–54,000 tonnes.

* E-Lix Plant: Phase I producing zinc precipitates; 2026 goal is profitable extraction of zinc and precious metals from bulk concentrates.

* Outlook: Bullish, with H2 2026 production expected to be 10% higher than H1 as higher-grade San Dionisio ore is blended.

* Free Cash: Exceptional liquidity with €166.3m cash and a net cash position of €122m, up from €35m in 2024.

* Drill Program: Active infill/step-out drilling at Masa Valverde and San Antonio; new winter campaign underway in Sweden.

* Proyecto Touro: "Strategic Industrial Project" status is accelerating permitting; awaiting final two sectoral reports from the Xunta.

* Asset Portfolio: Expanding footprint with Q1 2026 drilling starts at Ossa Morena (Gold-Cu) and Riotinto East.

* Operational Record: Achieved record plant throughput of 16.6 million tonnes in FY2025 despite SAG mill maintenance.

* Growth Strategy: Transitioning to a multi-asset producer with a clear path toward 100ktpa potential if Touro is greenlit.

Some key points

We are pleased to have achieved the higher end of our FY2025 production guidance range, in part due to plant throughput that set a new record for Atalaya. This performance provides a solid foundation as we enter FY2026.

Ore mined was 3.9 million tonnes in Q4 2025 (Q4 2024: 3.5 million tonnes), compared with 3.7 million tonnes in Q3 2025. Ore mined was 14.8 million tonnes in FY2025 (FY2024: 15.2 million tonnes).

E-LIX works

An independent engineering firm has completed the review of the operating parameters and confirmed the potential added value of the process when treating complex polymetallic concentrates like those prevailing in the Iberian Pyrite Belt.

FY 2026 50-56K

Silver keeps going better

Copper holding around 6 USD

Volume and momentum picks up when America is awake. Good volume into the close and the fixing as you would expect from a FTSE250. Stock is holding yesterday's pump. I guess operational numbers tomorrow.

The market is anticipating the Q4 2025 Operations Update due tomorrow. There is a strong rumor of a production beat for the following reasons:

* Grade Improvements: After a lower-grade Q2/Q3 due to pit sequencing at Cerro Colorado, the company signaled that mining would return to the higher-grade bottom of the pit in Q4.

* Silver Credits: With Silver prices hitting multi-year highs in late 2025, Atalaya’s AISC (All-In Sustaining Costs) is expected to be significantly lower than the $2.80/lb guidance, as by-product credits are "subsidizing" the copper extraction.

There is a growing "whisper" that the Xunta de Galicia is nearing a final decision on Proyecto Touro.

* Strategic Status: Having been granted "Strategic Industrial Project" (PIE) status in 2025, the permitting timeline was legally compressed.

* The Rumor: Sectoral reports are nearly all in. If Touro is greenlit, it provides a clear path to 100,000 tonnes per annum (ktpa) of copper production, effectively doubling the company’s size. The market is beginning to price in this "growth option" rather than just the current Riotinto production.

Stock now on 900p" Breakout: Technically


DYOR

I saw the mine twice. First EMED days, just me and Sloworm / Bookworm. Went for the AGM and got a very nice tour of basically a mine on care and maintenance .

(Bloomberg) -- Gold and silver climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over the central bank’s independence. The yellow metal spiked toward $4,600 an ounce, while silver rose above $84.

Oh we ATALAYA makes 1,000,000 ounces silver a year (reduces our copper production costs), hopefully will increase with E-LIX.

Oh ATALAYA has some gold as well ... work in progress.

Copper trading over $6 /lbs ... oh thats ATALAYA's main business.

With copper trading > 6$ again and silver at $84 investors in Cobas Asset Management should be questioning Francisco Paramés judgement,

Bank of America recent share upgrade to 1060p what is Paramés doing?

COBAS , run by Spanish value investor Francisco García Paramés.

He has done well out of ATYM, but he has a trend of selling into strength / momentum.

So my belief there is 5-7.5% more share to sell = he will hold 5-2.5% tail holding.

Therefore another 7-10 millions shares to be sold.

Smart institutions will know this stock is hanging.

ATALAYA will see the good days especially on copper strength and tracking purchase + retail.

However, institutions and market makers know Cobas overhang so will let it drop.

Post COBAS exit will spike in Francisco Paramés face.

@****a your explanation is too simplistic

- 1st massive copper m&a

- bofa upgrade

Jan 9th (today) : BofA raises Atalaya Mining price target to 1,080 (910) pence - 'buy'

Dec 17th : Berenberg raises Atalaya Mining price target to 930 (760) pence - 'buy'

Glencore and Rio are in TALKS

Glencore : Copper accounts for approximately one-third of Glencore's profits and around 44% of its metals-specific mining margins.

Also Trump taking out a problematic South American leader means other countries in the region likely to behave better: if I was a betting man this decreases the geopolitical risk of the asset and hence improves likelihood project moves forward unhindered.

So not all shareholders have made clear their position, only 40% back deal.

Hence given the low bid price vs perceived broker valuations there could be better.

Also noted L&G shareholder bought stock! Now why would you be doing that? Only one thing, they will be voting against the scheme.

Legal & General (L&G) Shareholding & Activity

According to the most recent Form 8.3 regulatory filings (Opening Position Disclosures) released in January 2026, Legal & General Investment Management (LGIM) has actively increased its stake in SolGold.

Shares Held: As of early January 2026, L&G Asset Management reported holding approximately 47,044,187 shares, representing roughly 1.56% of SolGold's issued share capital.

Recent Activity (Buying/Selling): L&G has been buying shares. Filings from mid-December 2025 showed a holding of ~43.8 million shares (1.45%), indicating they have acquired over 3 million additional shares since the offer period began.

Deal Announcement: L&G has not publicly announced a position on the deal. They are not listed among the shareholders who have provided a "Letter of Intent" (LoI) to support the offer in the official RNS announcements.

The stock has had a fabulous run. It has come a long way.

The news is positive recent broker upgrades (and more expected when Touro gets announced/approved).

It is normal for shareholders to take profit given the run, and maybe things got a bit ahead of themselves today because of market jitters stemming from Ai / magnificent 7 stock fatigue and Trump Greenland ambitions (end of Nato).

Copper and Silver are both trading lower: copper's move will trigger some fast/quant/tracker trades, but also everyone else looking for a signal.

What I know for sure, with copper here (and silver lofty levels reducing our production costs) we are in an excellent position and basically printing money.

Nothing changes: no debt, low risk copper resource, more ore coming, underlying prices very good, Touro green light, expansion of current mine site, potential accretive acquisition , E-LIX to improve silver and zinc recovery ... the list goes on and don't forget Gemini says we are top copper / silver bid target.

Just wonder what is going on here!

Copper (US) 6$ !!!! and holding. Silver almost $80 .

Some people calling silver over 100 , and even over 200 by year end.

What is going on with this stock?

Silver likely to be > 100 this year. Some calling > 200