2017-10-23 - 17:30:05
3.15 USD
0.000 (0.00%)
2017-10-23 - 15:58:00
0.83 CAD
0 (0.00%)
2017-10-23 - 13:28:00
0.65 USD
-0.0090 (-1.42%)

Low-risk copper production

Amerigo 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-four 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 2016 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.


MVC Operation

In 2016, MVC produced 57 million pounds of copper at a cash cost of $1.73 per pound. MVC has been producing copper concentrates since 1992 and has contracts with El Teniente that extend to at least 2037. Production growth is through development of the higher grade Cauquenes historic tailings deposit with a planned expansion up to 90 million pounds per year.



Amerigo Announces Q3-2017 Production Results
Vancouver, British Columbia – October 16, 2017/CNW/ - Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX: ARG) announced today production results for the third quarter of 2017 from Minera Valle Central ("MVC"), the Company’s 100% owned operation loc
Amerigo Announces Q2-2017 Financial Results
Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) reported today financial results for the three months ended June 30, 2017. Cash of $4.5 million was generated from operations before working capital changes ($6.4 million operating cash flow a
Amerigo Closes Bank Financing for Phase Two of the Cauquenes Expansion
Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) is pleased to announce that its wholly-owned subsidiary Minera Valle Central S.A. (“MVC”) has closed the loan facility (the “Phase Two Bank Facility”) with Banco Bilbao Vizcaya Argentaria (“BB
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