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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Metals & Mining Industrial Metals & Minerals
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

Amerigo Resources Ltd > $5 million write down
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Comment by goldenson May 11, 2024 6:43am
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Post# 36035024

RE:RE:RE:$5 million write down

RE:RE:RE:$5 million write downIt is not disturbing and in my opinion this was all related to the flooding that occurred. I think they explained it in the last quarter's report. They even said there would be some carry over. Don't forget the contract bonus ate into profits this time around as well. Next quarter will likely be more normal.
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