Atico Mining CEO Fernando Ganoza Talks High-grade Copper Mining In Colombia

If you're looking for a family with a strong history in mining, look no further than the Ganoza family. The Ganozas took Fortuna Silver Mines (TSX: FVI,NYSE:FSM) from a start up to where it is today, and they're now attempting to do it again with copper-focused Atico Mining (TSXV: ATY).

The Investing News Network was able to chat with CEO Fernando Ganoza about the company and what it's been up to lately.

At the start of May, Atico reported intercepts of 6.26 percent copper and 1.85 g/t gold over 70 meters in one hole at the mine. Certainly, that grabbed the attention of market watchers.

"El Roble is a VMS deposit that has been in operation for over 20 years, and it has been mining exceptionally high grades, in terms of what you commonly see out there for copper deposits and in particular for VMS deposits," Ganoza said. "There's good potential for the mineralization to continue at depth. We're still in a very high-grade copper and gold zone."

Atico took over at the mine back in November 2013 and has been aiming to ramp up operations since then. This year, Atico had some problems with equipment commissioning that put it behind its production targets for the first quarter. However, the company still reported significant increases in copper and gold production year-over-year (43 percent and 90 percent, respectively), and Ganoza believes that the company will still reach its targets for the year.

Ganoza also spoke about the benefits and challenges of mining in Colombia and about what else investors can expect to see from Atico this year. Watch the video below for more of his thoughts:

 

Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Related reading:

Atico Mining Gains on High-grade Drill Results at El Roble