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Saturn Oil & Gas Inc. Announces its First Development of Cardium Wells at Brazeau and Continued Successful Development (click to learn more)
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Bullboard - Stock Discussion Forum 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... see more

TSX:ARG - Post Discussion

Amerigo Resources Ltd > New Press Release - Amerigo Announces 2023 Results & Quarterly Dividend
View:
Comment by goldens on Feb 21, 2024 8:20am
So looking at the net income Q4 saved their year. They had $3.9 million in Q4 and for 2023 their net income was $3.5. This makes me thing they have turned the corner and 2024 will be a much better year even if prices continue to hover around the $3.80 mark (which I do not believe). Debt levels continue to decrease and the dividend looks to be very safe. All we need is for China to start recovering ...more  
Comment by TimeTooSoar on Feb 21, 2024 8:27am
I'm mixed on the results.  I thought q4 would of been stronger with prices averaging $3.80/lb their revenue was less than q4 2022? yet i thought they were doing maximum output this qtr?  They also don't state how much their cash grew from last qtr levels.  Other than those 2 factors, with 16 million cash in the bank and back to earning profits. I think the divy is safe for ...more  
Amerigo Resources Ltd