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Amerigo Resources Ltd
Symbol ARG
Shares Issued 180,169,351
Close 2019-10-16 C$ 0.60
Recent Sedar Documents

Amerigo Resources produces 19.1 million lb Cu in Q3

2019-10-17 08:31 ET - News Release

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  
Fresh tailings                                                                                      
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 
Cauquenes tailings                                                                                  
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 
Slag processing                                                                                     
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.

We seek Safe Harbor.

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