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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Metals & Mining Industrial Metals & Minerals
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

Amerigo Resources Ltd > New Press Release - Amerigo Announces 2023 Results & Quarterly Dividend
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Comment by goldenson Feb 21, 2024 8:20am
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Post# 35890441

RE:New Press Release - Amerigo Announces 2023 Results & Quarterly Dividend

RE:New Press Release - Amerigo Announces 2023 Results & Quarterly DividendSo looking at the net income Q4 saved their year. They had $3.9 million in Q4 and for 2023 their net income was $3.5. This makes me thing they have turned the corner and 2024 will be a much better year even if prices continue to hover around the $3.80 mark (which I do not believe). Debt levels continue to decrease and the dividend looks to be very safe. All we need is for China to start recovering and we will see some real appreciation in the SP. Just my opinion. GLTA
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