In a regulatory filing, Atlas said its net income surged by 113 percent to P563 million in the first three months compared to P264 million in the same period last year.
This came after revenues picked up by 12 percent to P5.55 billion.
Copper metal produced in the company's wholly owned Carmen Copper Corp.(CCC) increased by 15 percent to 22.89 million pounds as ore milled improved to 4.75 million dry metric tons.
Copper concentrate output likewise jumped by 21 percent to 43,000 dry metric tons, which were all shipped to smelters in China and Japan.
Total shipments for the quarter improved by almost 20 percent to 8.6 from last year's 7.25.
The increase in production and shipment managed to offset lower copper prices for the three-month period, which went down by five percent to $3.83 per pound from $4.05 per pound in 2023.
CCC is the country's top copper producer, accounting for more than half of the annual output.
On the other hand, gold production rose by 41 percent to 8,437 ounces. Nearly 8,000 ounces of the total were also exported, up 44 percent.
Gold prices increased by nearly 10 percent to $2,074 per ounce.
Meanwhile, Atlas' cash costs went up by six percent to P3.41 billion.
The firm's earnings before interest, tax, depreciation and amortization grew by more than a quarter to P2.14 billion.

Higher output lifts Atlas Mining profit

1163,477,554,135,1875,3225

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.