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Copper
2019-03-22 - 23:45:02
2.84 USD
-0.080 (-2.74%)
TSX: ARG
2019-03-22 - 16:00:00
1.08 CAD
-0.04 (-3.67%)
OTCQX: ARREF
2019-03-22 - 16:00:00
0.80 USD
-0.02 (-2.50%)

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 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 and molybdenum production in 2018. Production at MVC is now ramping up to 80 to 85 million pounds per year, following development of the Cauquenes historic tailings project. Amerigo is well-positioned to generate further record copper production, decrease cash costs and improve cash flow from operations.

Investors

MVC Operation

In 2018, MVC produced 65 million pounds of copper at a cash cost of $1.56 per pound. MVC has been producing copper concentrates since 1992 and has contracts with El Teniente that extend to at least 2037. MVC's royalty to El Teniente is based on a factor applied to the LME copper price, above $1.95/lb. The factor varies directly with copper price based on a series of formulas.

Operation

News

02.28.2019
Amerigo Provides Update on Q1-2019 Production
Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) is providing an update on expected production for the quarter ending March 31, 2019 (“Q1-2019”) from Minera Valle Central ("MVC"), the Company’s 100% owned operation, located near Rancagua, Ch
02.21.2019
Amerigo Reports Annual 2018 and Q4-2018 Financial Results
Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) is pleased to announce financial results for the year 2018. The Company’s 100% owned operation, Minera Valle Central ("MVC") located near Rancagua, Chile met annual copper production guidan
02.15.2019
Amerigo announces revised call in number for Q4-2018 Investor Call
Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX: ARG) announced today that the call-in number announced in the January 16, 2019 news release has been revised due to an error beyond the Company’s control.
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