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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

Comment by savyinvestor333on Feb 26, 2021 12:09pm
95 Views
Post# 32671625

RE:RE:RE:RE:RE:Nice Opening

RE:RE:RE:RE:RE:Nice Opening
From the conference call they implied lower tonnage from El Teniente but they can get better recoveries. Is this what you were referring to?

Another factor to consider is tonnage. In Q4 2020, we processed a substantial amount of fresh tailings from El Teniente, averaging 136 tons per day. In 2021, the information we have received from El Teniente in respect of this variable is slightly lower. With lower tonnage and the same plant, we can do better recoveries. With less fresh, we can process more Cauquenes and so the story goes.
Lucentio wrote:
It's the grade  of the  tailings that count. My understanding is that current grades are higher  than normal as there is not enough space for full treatment up the mountain, so the compromise was made to take out the balance of the copper further down the mountain and hence MVC.


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