RE:Q2
It is a good production report and they also report good project advancement. The short term outlook fully depends on the copper price fluctuations, which seem linked to Trump's tariffs. To me, electrification of transport, increase in solar electricity production will remain the true hidden forces fuelling copper`s price, which have nowhere to go but up (at least I hope). GLTA Excerpt from latest NR: Amerigo remains fully leveraged to the price of copper Rob Henderson, Amerigo's President and CEO, stated Production results in Q2-2018 met expectations and MVC is nearing completion of the Phase Two expansion project which will increase production and lower cash costs. Amerigo remains well positioned for a strong close of the year, fully leveraged to the price of copper. Production and cash cost for Q2-2018 are in line with guidance In Q2-2018 Amerigo produced 14.7 million pounds of copper at a cash cost of $1.71 per pound. Molybdenum production was 0.4 million pounds.