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Amerigo Resources Reports 2020 Annual Production Results and Provides 2021 Guidance
VANCOUVER, British Columbia, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX: ARG) is pleased to announce 2020 produc
About this update from Amerigo Resources Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (\"Amerigo\" or the \"Company\") (TSX: ARG) is pleased to announce 2020 production results from Minera Valle Central (\"MVC\"), the Company’s 100% owned operation located near Rancagua, Chile. MVC produced 56.2 million pounds (“M lbs”) of copper at a cash cost of $1.76 per pound (“/lb”) and 1.4 M lbs of molybdenum. All dollar amounts in this news release refer to U.S. dollars (“USD”). Annual copper production results were 1% below the latest guidance provided in the Q3-2020 production results. Annual molybdenum production was 6% higher and annual cash cost was $0.02/lb lower than the Company’s latest guidance. 2020 Q4-2020 Q3-2020 Q2-2020 Q1-2020 Fresh tailings Tonnes per day 123,690 136,011 119,285 119,435 120,037 Operating days 353 92 92 91 78 Tonnes processed 43,662,625 12,512,980 10,974,235 10,868,556 9,306,854 Copper grade 0.134% 0.135% 0.136% 0.137% 0.125% Copper recovery 19.9% 19.3% 20.4% 20.3% 19.9% Copper produced (M lbs) 25.6 7.17 6.68 6.66 5.13 Cauquenes tailings Tonnes per day 47,453 54,541 54,292 35,875 43,763 Operating days 326 91 79 89 67 Tonnes processed 15,488,590 4,985,031 4,362,040 3,164,898 2,976,621 Copper grade 0.251% 0.247% 0.245% 0.257% 0.261% Copper recovery 34.2% 34.2% 34.5% 34.9% 33.4% Copper produced (M lbs) 29.31 9.28 8.00 6.31 5.72 Fresh tailings + Cauquenes (M lbs) 54.95 16.45 14.68 12.97 10.85 Slag Processing Tonnes processed 14,960 - - - 14,960 Copper grade 4.6% - - - 4.6% Copper recovery 80% - - - 80% Copper produced (M lbs) 1.23 - - - 1.23 Copper produced (M lbs) 56.18 16.45 14.68 12.97 12.08 Copper delivered (M lbs) 56.34 15.90 14.92 13.70 11.82 Cash cost ($/lb) 1.76 1.65 1.80 1.72 1.94 Molybdenum produced (M lbs) 1.41 0.50 0.37 0.35 0.19 Molybdenum sold (M lbs) 1.46 0.50 0.37 0.36 0.23 Q4-2020 Results In Q4-20...