https://newsletter-en.creamermedia.com
Atico Mining|Trafigura|TSX Venture Exchange|Ecuador|La Plata Project|Copper Mining|Gold Mining|Fernando Ganoza
||||
atico-mining|trafigura|tsx-venture-exchange|ecuador|la-plata-project|copper-mining|gold-mining|fernando-ganoza

Atico secures $95m Trafigura loan for La Plata project build

La Plate project area

La Plata project area

30th September 2026

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

TSX-V-listed Atico Mining Corporation has entered into a new secure project finance facility worth $95-million with commodities trader Trafigura to facilitate the construction and development of the La Plata gold and copper project, in Ecuador.

Atico also entered into a subscription agreement with an affiliate of Trafigura for a private placement of $16.4-million.

The company will issue a convertible debenture with a face value of $16.4-million to the debenture holder, which is convertible into the company's shares at a price of $0.22 apiece.

CEO and director Fernando Ganoza says the financing package for the La Plata project is the result of a competitive review process that assessed several alternatives aimed at finding the best value for shareholders.

"Given our decade-long relationship with Trafigura and their deep knowledge of the La Plata project, this result was both competitive and a natural fit. Following extensive due diligence, this investment signifies a strong vote of confidence in the quality of our asset.

"The financial flexibility provided by this package allows us to strengthen our balance sheet while simultaneously funding all necessary pre-construction activities. We are thrilled to advance responsibly towards construction, develop Ecuador’s next gold and copper mine, and create significant value for all our stakeholders," Ganoza states.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







301

sq:0.049 1.777s - 150pq - 2rq
Subscribe Now