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 [...]
Amerigo Resources Ltd. announced financial results for Q2- 2019. Amerigo’s financial results in Q2-2019 were affected by low production at Minera Valle Central , the Company’s 100% owned operation located near Rancagua, Chile, and by low copper prices in the period. Rob Henderson, Amerigo’s President and CEO, stated “MVC experienced a very poor start up to the Phase Two expansion project this year [...]
Amerigo Resources Ltd. is pleased to announce that its wholly-owned Chilean subsidiary, Minera Valle Central S.A. , has received a commitment letter from Scotiabank Chile and has executed a financing mandate agreement with Scotiabank Chile to refinance MVC’s existing debt facilities, obtained in 2015 and 2017 to finance the Cauquenes expansion . The Existing Loans currently have a balance of US$56.25 million plus [...]
Amerigo Resources Ltd. announces production results for Q2-2019 from Minera Valle Central , the Company’s 100% owned operation located near Rancagua, Chile. Q2-2019 production remained affected by low plant recoveries In Q2-2019, MVC produced 13.3 million pounds of copper at a cash cost of $1.97 per pound, and 0.2 million pounds of molybdenum. Production was lower than forecast as a result of continued low plant [...]
Cash of $5.2 million generated from operations Net loss of $1.4 million Amerigo Resources Ltd. announced financial results for Q1- 2019, which were affected by lower than forecast production as a result of low plant recoveries, as announced in the Company’s news release of April 15, 2019. Amerigo posted a net loss of $1.4 million or $0.01 per share. Cash generated from operations before changes in working capital [...]
Amerigo Resources Ltd. announces the results of voting at its 2019 Annual General Meeting of Shareholders held on May 6, 2019 in Vancouver, British Columbia. A total of 72,840,077 common shares were voted at the meeting, representing 40.99% of the votes attached to all outstanding common shares of the Company. Shareholders voted in favour of all items of business before the meeting, including the election of all director [...]
Amerigo Resources Ltd. announces production results for Q1-2019 from Minera Valle Central , the Company’s 100% owned operation located near Rancagua, Chile. Q1-2019 production affected by low plant recoveries and maintenance shutdown In Q1-2019, MVC produced 13.0 million pounds of copper at a cash cost of $2.03/lb per pound, and 0.2 million pounds of molybdenum. Production was lower than forecast as a result of low [...]
Amerigo Resources Ltd. is pleased to announce that it has filed a technical report prepared for Minera Valle Central, S.A. , Amerigo’s Chilean subsidiary. Robert D. Henderson, P. Eng, President and CEO of Amerigo, is the author of the Report and is responsible for the technical comments related to the resource estimate and its parameters. Mr. Henderson is a "qualified person" for the purposes of National Instrument [...]
Amerigo Resources Ltd. is providing an update on expected production for the quarter ending March 31, 2019 from Minera Valle Central , the Company’s 100% owned operation, located near Rancagua, Chile. On February 25, 2019, MVC received a notification from the Department of Dams, Tailings and Hydraulic Resources of Codelco’s División El Teniente advising of a shutdown of DET’s tailings system [...]
Cash of $27.8 million generated from operations Net income of $10.5 million Record annual copper production of 65 million pounds copper Annual cash cost reduced to $1.56 per pound Amerigo Resources Ltd. is pleased to announce financial results for the year 2018. The Company’s 100% owned operation, Minera Valle Central located near Rancagua, Chile met annual copper production guidance of 65.0 million pounds at an [...]
Amerigo Resources Ltd. 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. To join the call, please dial 1-800-273-9672 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 [...]
Amerigo Resources Ltd. is pleased to announce production results for the year 2018 and Q4-2018 from Minera Valle Central , the Company’s 100% owned operation located near Rancagua, Chile. MVC set new production records in 2018 In 2018, MVC completed the Cauquenes expansion project and produced record quantities of copper and molybdenum. MVC produced 65 million pounds of copper at a cash cost of $1.56 per pound [...]