Business
Amerigo Resources Ltd. - MVC Production Resumption
Amerigo Resources Ltd. - MVC Production Resumption.
About this update from Amerigo Resources Ltd
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, April 25 /CNW/ - Amerigo Resources Ltd. (TSX:ARG) (\"Amerigo\"\nor the \"Company\") announced today that El Teniente has restored the flow of\nfresh tailings and the Company's MVC plant is back in operation. Based on El\nTeniente's original communication on the likely duration of the shutdown, MVC\nbrought forward maintenance initially scheduled to take place at a later date,\nand some of that work remains in progress. As a result, the plant is currently\noperating at approximately 60% capacity while MVC completes repairs and\nmodifications to two grinding mills and the installation of a higher capacity\npump for Colihues. The Company estimates that this ongoing maintenance will be\ncompleted and the plant returned to full capacity in approximately 10 days.\nManagement has revised downward the estimate for the Q2 production\nshortfall to approximately 500 tonnes of copper and 30,000 pounds of\nmolybdenum.\n\nAmerigo is a Canadian copper and molybdenum producing company with\noperations near Santiago, Chile. Tel.: (604) 681-2802; Fax: (604) 682-2802;\nWeb: www.amerigoresources.com; listing: ARG:TSX.\n\nThe Toronto Stock Exchange has not reviewed nor accepted responsibility\nfor the adequacy or accuracy of the contents of this news release, which has\nbeen prepared by management. Statements contained in this news release that\nare not historical facts are forwarding-looking statements within the meaning\nof the Private Securities Litigation Reform Act of 1995. Such forward-looking\nstatements are subject to risks and uncertainties which could cause actual\nresults to differ materially from estimated results. Such risks and\nuncertainties are detailed in the Company's filings with the TSX and on SEDAR.\nForward-looking statements are based on the beliefs, estimates and opinions of\nthe Company's management on the date the statements are made. The Company\nundertakes no obligation to update these forward-looking statements if\nmanagement's beliefs, estimates or opinions, or other factors, should change.\n\n\n\n","length":2097,"tagName":"div"}]