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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 savyinvestor333on Sep 16, 2022 3:57pm
122 Views
Post# 34967883

RE:Soooo

RE:Soooo
goldens wrote: They have ~$50 Million in the bank. Market Cap of $166 Million. 12% dividend. I suspect next quarter they will post a profit now that copper price has been stable (ie. they won't have to payback $$$ based on settlement timing).  China manufacturing just surprised to the upside and yet we are still sliding. Must be missing something



I think you need to recheck the settlement info. I believe it will still be a drain this quarter.
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