Atlas Consolidated Mining and Development Corp. (AT) value of shipment dipped slightly in August as total production decreased. Total mill throughput for the month amounted to 1.81 million tons, resulting in a production of 10,031 dry metric tons (DMT) of copper concentrate.

This is marginally lower than the 1.19m tons throughput and the 10,240 DMT produced a month earlier. Estimated revenues generated for the August shipment amounted to US$24.4m, or just 1.6% less than the US$24.8m recorded in July. The provisional price for August gold went up by 11.5% month-on-month to US$1,788 per ounce while that of copper decreased by 2.3% to US$4.24 per pound.

AT is looking at record earnings growth this year on the back of strong copper and gold sales, lower finance charges and derivative adjustments. Buy on weakness.

Good luck fellow investor/trader, stay cautious.