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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 prestedon Mar 15, 2024 12:41pm
109 Views
Post# 35935175

This is a long game investment

This is a long game investmentI've been in this forever. I was in when the cut the dividend and styaed. They reintoroduced it and I don't see them ever making that mistake again because markets never forgive companies that do.
  Our prospects are basically tied to the price of copper and it will vary. The yield now is high because the SP is low, and that too will change round but the overall effect will be the same. To my mind it is a valueable asset to have in ones portfolio in limited amount. GLTAL

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