Welcome to our dedicated page for Amerigo Res news (Ticker: ARREF), a resource for investors and traders seeking the latest updates and insights on Amerigo Res stock.
Amerigo Resources Ltd. reports developments from its Minera Valle Central (MVC) operation in Chile, where the company produces copper concentrate and molybdenum concentrate as a by-product by processing fresh and historic tailings from Codelco's El Teniente mine. Company updates commonly cover MVC production, cash costs, copper pricing exposure and operating performance under its long-term relationship with Codelco.
Amerigo news also includes quarterly and annual financial results, dividends, performance dividends, share buybacks and other capital-return actions. Governance items include annual meeting results, majority-voting matters and executive securities disposition plans, while sustainability updates have highlighted MVC's circular-economy work in tailings recovery and energy efficiency.
Amerigo Resources Ltd. (ARREF) reported strong production results for Q1-2021 from its wholly owned Minera Valle Central (MVC) in Chile, producing 15.5 million pounds of copper at a cash cost of $1.89/lb and 0.4 million pounds of molybdenum. The copper production met 99% of guidance and molybdenum exceeded it by 1%. Despite higher maintenance costs, with an average copper price of $4.08/lb, the company anticipates strong financial results to be released on May 5, 2021. The cash balance as of March 31, 2021, was $38.4 million.
Amerigo Resources Ltd. (OTC: ARREF) reported a strong financial performance for Q4-2020 and the full year. The company achieved an annual net income of $6.1 million and earnings per share of $0.03. In Q4-2020, net income rose to $8.3 million with an EBITDA of $20.1 million. The company’s cash balance increased to $14.1 million, and operating cash flow before changes in working capital for the year was $29.1 million. Despite facing challenges earlier in the year, better copper prices in H2-2020 improved results significantly.
Amerigo Resources Ltd. reported Q3-2020 production results from its 100% owned Minera Valle Central.
The operation produced 14.7 million pounds of copper at a cash cost of US$1.80 per pound, marking a 13% increase in production compared to Q2-2020.
Copper recovery rates improved, and water reserves at Colihues rose significantly to 10 million cubic meters.
The company adjusted its 2020 copper production forecast to 56.8 million pounds, up from previous guidance.