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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 Sep 27, 2023 11:57am
135 Views
Post# 35657088

Didn’t see this coming

Didn’t see this comingNever would have thought we would be here. I thought copper consumption was supposed to increase but prices are basically collapsing yet production from the big boys is way down. This really is not good overall for when things snap back to reality and consumption picks up. The mines won't be able to keep up and prices will go through the roof. While it will end up being good for us it won't be for the overall economy. I would much rather see a stable price $4-4.50 than these wild swings. LME sitting with only 170,000 tons is still low if you look at long term. GLTA
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