BusinessWorld May 7, 2021 | 7:10 pm Atlas Consolidated Mining and Development Corp. on Friday reported a first- quarter net income of P420 million, a turnaround from its losses a year ago, on the back of higher copper prices. The listed company, which incurred a P37-million net loss in January-March 2020, said in a regulatory filing that revenues in the first quarter this year fell 11% to P3.58 billion from P4.04 billion previously. Its earnings before interest, tax, depreciation, and amortization (EBITDA) improved 3% to P1.68 billion from P1.62 billion. For the period, Atlas Mining said the price of copper rose 55% to $3.93 per pound from $2.53 per pound, while gold price increased 14% to $1,797 per ounce compared to $1,574 per ounce last year.