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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 ElJon Jul 20, 2010 12:36am
451 Views
Post# 17280754

RE: Copper Production Up 34%

RE: Copper Production Up 34%Based on the Production and sales update provided in NR July 19, 2010,  I anticipate Q2, 2010 Copper Revenues in the order of $33 million(copper was a little lower in price than in Q1,2010) and Moly revenues at slightly more than $2 million.  Given the power costs outlined for Q2, 2010,  I anticipate Net Earnings at between $4 and $5 million for Q2, 2010,

Peace,
Good Decision-making to All,
ElJ
Bullboard Posts