Overview
Amerigo Resources Limited : ARG produces copper concentrates at its 100% owned MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world’s largest underground copper mine. MVC has a twenty five year track record of producing copper safely and profitably and, unlike conventional mines, MVC is not subject to geology or mining risk.
Amerigo achieved record annual copper production in 2017 following completion of the first phase of the Cauquenes historic tailings project. The Phase Two expansion project is scheduled to be complete in Q3 2018 and Amerigo is well-positioned to generate further record copper production, decrease cash costs and improve cash flow from operations.
The website for the company can be found here.
News
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22 Feb 2017 2 min read
Amerigo Resources year-end revenues increased 68%
Amerigo Resources (ARG:TSX) Reported year end and Q4 2016 financial results. Gross tolling revenue for 2106 grew to US$124.4m from US$73.8m for 2015. The increase in revenue was due to a 52% increase in copper production to 56.8m lbs versus 37.3m lbs in 2015. Cash costs declined to US$1.73/lb from US$2.18/lb in 2015 due to […]
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26 Jan 2017 1 min read
Amerigo Resources produces a record 56.8 million lbs of copper in 2016
Amerigo Resources (ARG:TSX) The company reported record annual production from Minera Valle Central (“MVC”) operation located near Rancagua, Chile. MVC produced 56.8 million lbs of copper in 2016 at a cash cost of $1.73/lb. Good performance from the Cauquenes deposit resulted in the record copper production within the original guidance. Q4 2016 production was 13.6m […]