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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 > $5 million write down
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Comment by goldenson May 10, 2024 11:14am
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Post# 36033600

RE:$5 million write down

RE:$5 million write downCould have been the pumps and generators they bought in case flooding ever happened again. Next quarter will be huge and will include a positive from the settlement increase prices. It was smart to write it down now.
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