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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 Jan 05, 2023 12:56pm
268 Views
Post# 35205073

NCIB

NCIBThey posted activity on the Website. They didn't make any purchases which I had expected since they said at the last call that copper prices above $3.80 would allow for re-purchase of shares. I think we have a pretty conservative CEO which is a good thing in my opinion. They will protect the current stable dividend.

I'm still surprised by the lack of movement higher. Not sure the PR firm is worth the money we are paying them so they should take a look at that to ensure we are getting value. GLTA
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