ATALAYA MINING COPPER, S.A. - Q1 Financial Results for the period ended 31 March 2026

Atalaya Mining Copper S.A.’s Q1 2026 investor update highlighted resilient financial performance despite weather-related operational disruptions that impacted copper production during the quarter. The company reported €14 million EBITDA, strong cash flow generation of nearly €30 million, and a robust balance sheet with almost €300 million in cash, supported by higher copper prices, strong silver by-product credits, and favourable negative treatment charges for copper concentrates. Management reaffirmed full-year production guidance of 50,000–54,000 tonnes of copper, while noting output is expected toward the lower end following heavy rainfall in Spain. Cash costs and all-in sustaining costs remained within guidance, demonstrating operational discipline and margin resilience despite lower grades and higher diesel costs. Atalaya Mining Copper S.A. also provided significant updates on its growth strategy, including continued development at Masa Valverde and the high-potential Proyecto Touro in Spain, where environmental approvals are expected before summer 2026. The company outlined plans to expand production capacity toward 200,000 tonnes of copper equivalent annually through organic growth projects, exploration across the Iberian Pyrite Belt, and strategic investments, including a recent stake acquisition in a Brazilian copper project. Management emphasized Atalaya Mining Copper S.A.’s strong liquidity position, competitive operating costs, improving ESG credentials, and long-term leverage to strengthening copper market fundamentals driven by global supply constraints and rising demand for critical minerals.