Stock Information

AT | ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION

Sector: MINING & OIL | Sub-Sector: MINING

Atlas Consolidated Mining & Development Corporation (AT) was incorporated as Masbate Consolidated Mining Company, Inc. on March 9, 1935, as a result of the merger of assets and equities of three pre-war mining companies, namely, Masbate Consolidated Mining Company Inc., Antamok Goldfields Mining Company, and IXL Mining Company. Thereafter, AT amended its articles of incorporation to reflect the present corporate name.

AT's significant subsidiary, Carmen Copper Corporation (CCC), is engaged in metallic mining and mineral exploration and development. CCC, as the operator of the Company's copper mines in Toledo, Cebu, primarily produces and exports copper metal in concentrate, and gold and silver as the principal by-products, exporting 100% of its copper production. The Company is also pursuing the development and commercial production of other marketable by-products such as pyrite, magnetite, and molybdenum.

AT and its subsidiaries own and/or hold operating rights to several mining claims which are covered by Mineral Production Sharing Agreements (MPSA), Applications for MPSA, and/or Exploration Permit Applications. The Company currently has three approved MPSAs in Cebu, and one in South Cotabato and Sultan Kudarat.

Source: SEC Form 17-A (2024)