SM Investments Corp. Plans Strategic Exit from Atlas Mining to Focus on Core Businesses
SM Investments Corp. (SMIC) is considering divesting its over 30% stake in Atlas Consolidated Mining & Development Corp. due to lack of synergy with its core businesses. SMIC President Frederic C. DyBuncio indicated that the company is shifting its focus to renewable energy and other synergistic operations. Atlas Mining has begun mine stripping operations, expected to continue until mid-2026, amidst favorable copper and gold prices. SMIC is also looking to exit its data center business as part of its strategic realignment.
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SM Investments Corp. (SMIC) is contemplating a strategic exit from Atlas Consolidated Mining & Development Corp., holding over 30% stake, due to the mining business's lack of synergy with its core operations.
President Frederic C. DyBuncio noted the company’s focus on renewable energy as it evaluates the divestment. Atlas Mining has initiated mine stripping operations, to continue until mid-2026, with a positive outlook due to rising copper and gold prices.
Additionally, SMIC plans to exit its data center business, which has seen limited progress. In 2025, Atlas reported P16.5 billion in revenues, a 12% decrease from the previous year.
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