Atlas Consolidated Mining & Development Corp.
PPSE:AT18.48
PHP
-0.12
(-0.65%)
Atlas Consolidated Mining & Development Corp.
PSE:AT
(Philippine Stock Exchange)
Recent
price
18.48
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Atlas Consolidated Mining and Development Corporation is a Philippine-based natural resources company primarily engaged in metallic mineral exploration, development, mining, and ore beneficiation. The company executes its core mining operations through its wholly-owned subsidiary, Carmen Copper Corporation, which operates the Toledo Copper Mine situated in Toledo City, Cebu Province, encompassing the Carmen, Lutopan, and Biga mineral deposits. Its core product and service offerings comprise the production and export of copper concentrates; the extraction and recovery of associated precious metal by-products, specifically gold and silver; the processing and supply of industrial minerals, including molybdenum, magnetite, and pyrite concentrates; comprehensive geological exploration and mine development services; bulk water supply, treatment, and distribution operations managed through its subsidiary AquAtlas, Inc.; and associated bulk material handling, logistics, and port terminal operations. The company delivers its concentrate shipments primarily to commercial smelters and metal trading enterprises across the Asia-Pacific region, notably in China and Japan. Founded in 1953 through the merger of three pioneering mining entities, Atlas Consolidated Mining and Development Corporation maintains its corporate headquarters in Pasay City, Metro Manila, Philippines, operating with key institutional shareholding associations including SM Investments Corporation and Anglo Philippine Holdings Corporation. In recent developments, the company has advanced through the final phases of a multi-year pit-widening and mine redevelopment program at the Toledo copper complex to access higher-grade, deeper ore reserves and double operational output capacity; implemented renewable power solutions through the commissioning of a utility-scale floating solar installation at its Toledo site to optimize energy efficiency; prepared for major ownership restructuring following the strategic announcement by SM Investments Corporation to divest and transfer its approximately 34 percent equity interest to Dominion Holdings, Inc.; strengthened executive governance through key board appointments, including former Philippine Transportation Secretary Jaime J. Bautista as an independent director; and recorded a major financial turnaround characterized by a return to strong net profitability supported by elevated international copper and gold prices and enhanced mill recovery rates.