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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 21, 2011 11:15pm
247 Views
Post# 18859692

RE: QTR......mjh9413

RE: QTR......mjh9413Clearly the unit power cost increase is not helpful and the production of copper at its lowest quarter level since Q1, 2010,  is to some degree understandable but disappointing. 

I anticipate from the production numbers published by Amerigo for Q2,2011 a little bit more Net Earnings before taxes(closer to $2 million region) than your indicated   "$1million net to breakeven:  ...... that is before the
.02 dividend paid on May 5th for hold of April 22, 2011 and of course before gain/loss on sales such as the 5 Million shares of Candente Copper sold with $9.75 million gain  in Q1, 2011,

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