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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the production of copper concentrates under a tolling agreement with DET.


TSX:ARG - Post by User

Bullboard Posts
Comment by sesses3on Mar 05, 2012 12:52pm
316 Views
Post# 19627675

RE: RE: Results

RE: RE: Results

The results looked pretty bleak to me. Cost inflation seems to be rampant, cap-ex will continue to be high in 2012 ($18 million) and the agreement with Codelco to treat additional old tailings is still MIA.

I also see that they bought out their partner in the pilot plant for treating oxidized tailings for a cost of about $4 million. No rationale is provided why, so it's hard to tell if it's of any significance.

 

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