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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 constructionsiteon Aug 19, 2022 9:39pm
343 Views
Post# 34908825

Copper Prices

Copper Prices I take it as a small bright sign that overall on the week, despite volatility, the spot price of copper has remained more or less flat over the past 7 days at $3.66.
Price has also rebounded from its July lows, and we're now sitting at approximately same place that we were at on June 30th, at the close of the 2nd quarter.  
Much more volatility to come, of course, and we can't be surprised to see copper testing the year lows once again over the next 6 months.  However, mid- and long-term, the future for copper looks bright.
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