CAPITAL MARKETS

Maiden profit for Avanco

Brazil copper and gold miner making progress

Michael Quinn

This article is 7 years old. Images might not display.

The interim profit came after earnings of $10.9 million, while revenue totalled $46.1 million.

Copper and gold sold totalled 7095 tonnes (or 14.85 million pounds), and 5113 ounces respectively.

Cash costs in June for the copper production came in at $1.36/lb net of credits.

Debt free Avanco has been publicly plugging away in Brazil since late 2007.

Antas produced first copper concentrates in March 2016, with the company having a bigger potential copper development (Pedra Branca) at feasibility stage, and a gold opportunity called CentroGold in the pipeline.

Shares in the company were up nearly 5% to A10.25c in morning trade, capitalising the company at $252 million.

The stock was at 5c 12 months ago, and at similar levels to today’s share price five years ago.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.