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Atalaya director boosts stake with share purchase

Published 08/04/2025, 07:16
Atalaya director boosts stake with share purchase
EUA
22.08%

LONDON - Atalaya Mining Copper, S.A. (LSE: ATYM), a European copper producer, disclosed that Jesus Fernandez, a director of the company, has increased his stake by purchasing 32,000 ordinary shares. The transaction took place on the London Stock Exchange (LON:LSEG) at an average price of 307.98 pence per share.

Following this acquisition, Mr. Fernandez's total beneficial holding in Atalaya now amounts to 138,412 ordinary shares, representing approximately 0.098% of the company's issued share capital. This move by a person discharging managerial responsibilities (PDMR) is a matter of public record as per the EU Market Abuse Regulation, which continues to be part of UK law post-Brexit.

Atalaya operates the Proyecto Riotinto complex in southwest Spain and is involved in several other regional projects aimed at copper production. The company's activities include the Cerro Colorado open pit mine and a processing plant with a capacity of 15 million tonnes per annum. Atalaya has been expanding its footprint, with agreements in place for projects like Proyecto Touro and Proyecto Ossa Morena.

The purchase by Mr. Fernandez aligns with the company's recent developments and its position in the copper production industry. Transactions of this nature are closely monitored and reported to ensure transparency and adherence to regulatory standards.

This information, based on a press release statement, is a clear indication of a PDMR's confidence in the company's value and prospects. It also provides an insight into the financial activities of Atalaya's management, which can be of interest to investors and stakeholders monitoring the company's performance.

Atalaya Mining has not released any further comments on this transaction beyond the regulatory disclosure. The company's share price and market activities can be followed on the London Stock Exchange under the ticker symbol ATYM.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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