Business
Amerigo Announces 2016 First Quarter Production Results
VANCOUVER, BC / ACCESSWIRE / April 14, 2016 / Amerigo Resources Ltd. ("Amerigo" or the "Comp...
About this update from Amerigo Resources Ltd
[{"type":"text","content":"Amerigo Announces 2016 First Quarter Production ResultsVANCOUVER, BC / ACCESSWIRE / April 14, 2016 / Amerigo Resources Ltd. (\"Amerigo\" or the \"Company\") (TSX: ARG) announced today production results for the first quarter of 2016 from Minera Valle Central (\"MVC\"), the Company's operation located near Rancagua, Chile. \nOperational Highlights for Q1-2016:\nIn Q1-2016, MVC produced 12.9 million pounds of copper at a cash cost of $1.82 per pound, pursuant to a tolling agreement with Codelco's Division El Teniente and a toll processing agreement with Minera Maricunga.\n\nThe ramp up in the historic Cauquenes deposit has progressed in line with expectations, with tonnage at design rates of 60,000 tpd and plant recovery improving to 33% at the end of March. MVC is now extracting more copper from historic tailings than fresh tailings. In Q2, the ramp up in production should continue to improve and unit costs should continue to decrease as Cauquenes material is extracted from deeper zones. Rob Henderson, Amerigo's President and CEO, stated \"I am pleased with MVC's progress to date and I look forward to record results in the second half of the year.\"\nAmerigo's production guidance for 2016 is maintained at 55.0 to 60.0 million pounds of copper at an annual cash cost of $1.65 to $1.85 per pound.\nSummary of Production Results for the Most Recent Five Quarters: \nImage: https://www.accesswire.com/uploads/Ameirgold%204-14%201.png\nRelease of Financial Results for Q1-2016:\nThe Company will release Q1-2016 financial results at market open on Wednesday May 4, 2016, followed by an investor conference call on Thursday May 5, 2016 at 11:00 am Pacific Standard Time/2:00 pm Eastern Standard Time. Conference Call Participation:\nTo participate in the call, please dial 1-866-223-7781 (Toll-Free North America) and let the operator know you wish to participate in the Amerigo Resources conference call. Media are invited to attend on a listen-only basis. Following management's discussion of the quarterly results, the analyst and investment community will be invited to ask questions. \nAbout the Company:\nAmerigo Resources Ltd. is an innovative copper producer with a long-term partnership with Codelco, the world's largest copper producer. Amerigo produces copper concentrate at the MVC operation in Chile by processing fresh and historic tailings fr...