atalaya mining said monday that firstquarter pretax profit fell on higher costs though revenue rose the iberiafocused mining company said pretax profit for the first three months of 2023 fell to 136 million euros 148 million from eur215 million this reflects higher operating costs and administrative expenses mine site depreciation and amortization exploration expenses and foreign exploration losses somewhat offset by lower administration costs sharebased payouts and care and maintenance expenditure however revenue rose to eur912 million from eur863 million a year prior average realized copper prices fell to 400 a pound from 450 though allin sustaining costs decreased and production rose we remain conscious of the ongoing input cost inflation that is affecting the mining sector but we believe these pressures will provide support to the copper price over the medium and longer term chief executive alberto lavandeira said