Amerigo Resources Ltd. is pleased to report that on May 8, 2020, Chile’s Minister of Mining, Baldo Prokurica, visited the Company’s Chilean operation Minera Valle Central to learn about the actions that MVC has implemented to protect the health of MVC’s workers and subcontractors, and maintain zero contagion at the operation amidst the Covid-19 global pandemic. Following his visit, Mr. Prokurica commented, “This is a [...]
Amerigo Resources Ltd. is pleased to announce the appointment of Michael Luzich to the Company’s board of directors effective May 12, 2020. Mr. Luzich is the founder of Luzich Partners LLC, a multi-strategy investment firm formed in 2013 and a significant shareholder in the Company. Michael Luzich brings to the Board more than 30 years of investment and development expertise and has been founder and president of various [...]
Net loss of $4.0 million after $5.3 million of negative copper settlement adjustments Net negative operating cash flow of $1.4 million Working capital deficiency of $27.7 million VANCOUVER, British Columbia, May 06, 2020 -- Amerigo Resources Ltd. announced financial results for the quarter ended March 31, 2020 . Quarterly financial performance was impacted by low copper prices as a result of the current global pandemic [...]
Amerigo Resources Ltd. announces the results of voting at its 2020 Annual General Meeting of Shareholders held on May 4, 2020 in Vancouver, British Columbia. A total of 43,302,885 common shares were voted at the AGM, representing 23.95% of the votes attached to all outstanding common shares of the Company. Shareholders voted in favour of all items of business before the AGM, including the election of all director nominees [...]
Amerigo Resources Ltd. announced today Q1-2020 production results from Minera Valle Central , the Company’s 100% owned operation located near Rancagua, Chile. MVC produced 12.1 million pounds of copper at a cash cost of US$1.87/lb per pound, and 0.2 million pounds of molybdenum. Copper production results are in line with the Company’s 2020 guidance where the Company announced a reduction in Cauquenes tonnage processing [...]
Amerigo Resources Ltd. announced financial results for the year 2019. The Company’s 100% owned operation, Minera Valle Central located near Rancagua, Chile posted an annual net loss of $9.4 million or $0.05 loss per share . Annual net operating cash flow was $9.7 million. The Company’s cash position at year end was $7.2 million. Annual financial results were negatively impacted by lower metal prices, decreased [...]
Amerigo Resources Ltd. announces 2019 production results from Minera Valle Central , the Company’s 100% owned operation located near Rancagua, Chile. Amounts are reported in U.S. dollars. Amerigo’s MVC produced 69.8 million pounds copper in 2019 In 2019, MVC produced 69.8 million pounds of copper at a cash cost of $1.82 per pound, including production from fresh tailings , Cauquenes historic tailings and [...]
Amerigo Resources Ltd. announces that effective December 6, 2019, Rob Henderson departed the Company and ceased serving as the Company’s President and Chief Executive Officer and Aurora Davidson has been appointed as President and Chief Executive Officer. Ms. Davidson is a long-time executive officer of Amerigo, having joined the Company in 2003 as Chief Financial Officer, and having served as Executive Vice [...]
Net loss of $2.1 million Cash of $3.0 million generated from operations Refinanced debt reduces liquidity risk in low copper price environment VANCOUVER, British Columbia, Nov. 06, 2019 -- Amerigo Resources Ltd. announced financial results for Q3- 2019. Amerigo’s financial results in Q3-2019 were affected by low copper prices at Minera Valle Central , the Company’s 100% owned operation located near Rancagua [...]
Amerigo Resources Ltd. provides the following update in respect of Minera Valle Central , the Company’s operation located near Rancagua, Chile. Amerigo is pleased to announce that on October 21, 2019, negotiations between MVC and its 208-member union concluded satisfactorily, and the parties have entered into a new 3 year collective agreement. About the Company: Amerigo Resources Ltd. is an innovative copper [...]
Amerigo Resources Ltd. announces production results for Q3-2019 from Minera Valle Central , the Company’s 100% 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 0.5 million pounds of molybdenum. MVC completed [...]
Amerigo Resources Ltd. . is pleased to announce that its wholly owned Chilean subsidiary, Minera Valle Central has completed a refinance of its debt facilities, as initially announced in the Company’s news release of August 6, 2019. MVC obtained debt facilities of US$99.7 million in 2015 and 2017 to finance the Cauquenes expansion, with an original term to December 31, 2021. At the time of refinance, the facilities [...]
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