Mr. Rob Henderson reports
AMERIGO REPORTS Q3-2019 PRODUCTION RESULTS
Amerigo Resources Ltd. has provided its production results for Q3 2019 from Minera Valle Central (MVC), the company's 100-per-cent-owned operation located near Rancagua, Chile.
With the addition of slag processing, MVC posted record quarterly production of 19.1 million pounds copper in Q3 2019
In Q3 2019, MVC produced 19.1 million pounds of copper at a cash cost of $1.56 per pound, and 500,000 pounds of molybdenum.
MVC completed the construction of a deeper Cauquenes extraction sump in July, 2019, and regained access to coarser material, improving the tonnage, grade and recoveries from Cauquenes. Production from Cauquenes increased to 11.1 million pounds of copper in the quarter. MVC continues to work on plant optimization to further improve recoveries from Cauquenes and reduce operating costs.
MVC started to process El Teniente slag material mid-August, 2019, which resulted in 3.0 million pounds of copper produced in the quarter.
Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018
Tonnes processed 10,883,200 10,940,468 9,956,069 10,642,607 11,125,346
Copper grade 0.110% 0.111% 0.110% 0.113% 0.121%
Copper recovery 18.8% 19.1% 19.0% 18.0% 19.1%
Copper produced (millions of pounds) 4.985 5.121 4.593 4.785 5.652
Tonnes processed 5,226,443 5,094,589 4,941,816 5,567,424 5,651,098
Copper grade 0.270% 0.232% 0.237% 0.252% 0.259%
Copper recovery 35.7% 31.6% 32.6% 44.5% 36.8%
Copper produced (millions of pounds) 11.103 8.223 8.411 13.747 11.903
Tonnes processed 33,885 - - - -
Copper grade 5.0% - - - -
Copper recovery 80.5% - - - -
Copper produced (millions of pounds) 2.999 - - - -
Total copper produced (millions of pounds) 19.087 13.344 13.005 18.531 17.555
Total copper delivered (millions of pounds) 19.549 13.865 12.920 17.593 17.595
Cash cost ($/pound copper) 1.56 1.97 2.03 1.46 1.38
Release of Q3 2019 results on Nov. 6, 2019
The company will release its Q3 2019 financial results at market open on Wednesday, Nov. 6, 2019.
Investor conference call on Nov. 7, 2019
Amerigo's quarterly investor conference call will take place on Thursday, Nov. 7, 2019, at 11 a.m. Pacific Standard Time/2 p.m. Eastern Standard Time.
To join the call, please dial 1-800-273-9672 (toll-free North America) and let the operator know you wish to participate in the Amerigo Resources conference call.
The analyst and investment community are welcome to ask questions to management. Media can attend on a listen-only basis.
About Amerigo Resources Ltd. and MVC
Amerigo Resources is an innovative copper producer with a long-term relationship with Corporacion Nacional del Cobre de Chile (Codelco), the world's largest copper producer.
Amerigo produces copper concentrate at the MVC operation in Chile by processing fresh and historic tailings from Codelco's El Teniente mine, the world's largest underground copper mine.
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