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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

Post by goldenson Jun 01, 2022 9:49am
193 Views
Post# 34722920

May share buyback

May share buybackPurchased 3.2 million shares in May. That is 38% of trades on the TSX. they must have done a block trade on the 27th because their daily limit is 86625 which makes their total possible purchase from May 5th to May 31st just over 1.8 million. They have purchased a total of 7.6 million of their 10.7 allotment in the NCIB. They might apply for a larger buyback to they think at these prices they should gobble up as many as they can. GLTA
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