2022 GUIDANCE "SERIOUSLY" UNDERWHELMING...something was indeed annoying me with 2022 guidance of 61.9 mill pound Cu in light of 2021 results beat production and cost guidance.Copper production of 63.4 million pounds, 4% over guidance.
Cash cost1 of $1.75/lb, 2% below guidance.
..small drop off in production but with higher Cu pricing and maybe the opportunity to under promise and over deliver..NOW i went back and found this from a sept 2018 NR...see below
"In 2018, Amerigo expects to produce 65 to 70 million pounds of copper at a cash cost of $1.45 to $1.60 per pound. MVC’s Phase Two Expansion will increase MVC’s copper production to 85 to 90 million pounds per year and lower cash cost to $1.45/lb.
simple question: what happened?? phase 2 more/less complete..this is all to do because more fresh tailings?? dwdc