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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

Comment by goldenson Nov 04, 2021 6:50am
139 Views
Post# 34085462

RE:My only concern with $ARG is draught conditions in Chile

RE:My only concern with $ARG is draught conditions in ChileMVC’s main source of water is the water contained in the fresh tailings they receive from El Teniente. They also have water rights and they store surplus water from rainfall in a water dam in Colihues which helps them during periods of drought. Finally, MVC has 3 water thickeners that allow it to reutilize water in their processes, and will be completing improvements in these thickeners this year to increase their recovery rate.
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