Business
Amerigo Resources Reports Q3-2021 Production Results
Quarterly copper production of 16 million pounds, 9% over Q3 guidance Cash cost of $1.62/lb, 8% below Q3 guidance and lowest quarterly cash cost of 2021 Annual
About this update from Amerigo Resources Ltd
[{"type":"text","content":" Quarterly copper production of 16 million pounds, 9% over Q3 guidance Cash cost of $1.62/lb, 8% below Q3 guidance and lowest quarterly cash cost of 2021 Annual MVC plant maintenance shutdown successfully completed on schedule VANCOUVER, British Columbia, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; ARREF: OTC) is pleased to announce production results for the quarter ended September 30, 2021 (“Q3-2021”) from Minera Valle Central (\"MVC\"), the Company’s 100% owned operation located near Rancagua, Chile. Dollar amounts in this news release are in U.S. dollars. In Q3-2021, MVC produced 16 million pounds (“M lbs”) of copper at a cash cost1 of $1.62 per pound (“/lb”) and 0.3 M lbs of molybdenum. Q3-2021 copper production was at 109% of guidance2 (YTD-2021: 101% of guidance2), due to higher fresh tailings tonnage and grade. During the quarter, MVC also successfully completed a series of planned plant modifications which now allow it to process a higher throughput of fresh tailings without sacrificing recovery. Production from fresh tailings in Q3-2021 accounted for 54% of quarterly production. Molybdenum production in Q3-2021 was at 100% of guidance2 (YTD-2021: 95% of guidance2), marginally affected as more copper production comes from fresh tailings than from Cauquenes, as fresh tailings have lower molybdenum content. Q3-2021 Q2-2021 Q1-2021 Q4-2020 Q3-2020 Fresh tailings Tonnes per day 137,650 129,153 128,238 136,011 119,285 Operating days 84 89 90 92 92 Tonnes processed 11,562,611 11,533,405 11,541,378 12,512,980 10,974,235 Copper grade 0.152% 0.144% 0.143% 0.135% 0.136% Copper recovery 22.3% 20.2% 19.3% 19.3% 20.4% Copper produced (M lbs) 8.62 7.37 7.03 7.17 6.68 Cauquenes tailings Tonnes per day 52,981 54,026 55,457 54,541 54,292 Operating days 81 87 87 91 79 Tonnes processed 4,267,203 4,701,475 4,811,171 4,985,031 4,362,040 Copper grade 0.238% 0.230% 0.242% 0.247% 0.245% Copper recovery 33.0% 31.9% 33.1% 34.2% 34.5% Copper produced (M lbs) 7.37 7.61 8.47 9.28 8.00 Copper produced (M lbs) 15.99 14.99 15.50 16.45 14.68 Copper delivered (M lbs) 16.90 15.13 15.11 15.90 14.92 Cash cost ($/lb) 1.62 1.81 1.88 1.65 1.80 Molybdenum produced (M lbs) 0.32 0.33 0.40 0.50 0.37 Molybdenum sold (M lbs) 0.34 0.33 0.36 0.50 0.37 &n...