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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

Comment by Thestockguyon May 10, 2024 1:46pm
93 Views
Post# 36034012

RE:$5 million write down

RE:$5 million write downI am not sure to what you are referring.  'Write downs' are accounting entries and while the affect earnings, they do not affect cash.  

Are you talking about the $5.773M (non-cash) Depreciation and amortization charge?    This charge is the highest it has been in the last year or so.  Howevewr, it is not meaningfully so.  (It has been at or above $5MM each of the past 5 quarters).  The Company is carrying about $150MM in Property, Plant, and Equipment.

The company paid $3.6MM in dividends and repaid $1.8MM in debt.  That totals about $5.2MM.  Tis is cash.

TimeTooSoar, is it something else?
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