Atalaya Mining (LON:ATYM) reported first-quarter 2026 results that were held back by heavy rainfall in Spain, but management said stronger metal prices, silver credits and unusually favorable concentrate market conditions helped offset the production shortfall.
Chief Executive Officer Alberto Lavandeira told investors that output in the quarter was below the company’s plan after “very heavy rainfalls” in late January and throughout February affected mining operations. He said conditions improved after the quarter ended, with April and May described as “quite dry,” allowing Atalaya to exceed plan during those months and recover “a good part” of the first-quarter shortfall.
