- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Purpose Bitcoin ETF
Silver47 Exploration
Syntheia
Black Swan Graphene
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Amerigo Announces Annual 2017 and Q4-2017 Financial Results
Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) announced today financial results for the year 2017. Stronger copper prices and increased copper production resulted in a 47% increase in revenue in the year. The Company posted revenue of $134.0 million and net income of $8.0 million. Cash of $26.4 millionwas generated from operations before working capital changes. Debt proceeds …
Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) announced today financial results for the year 2017. Stronger copper prices and increased copper production resulted in a 47% increase in revenue in the year. The Company posted revenue of $134.0 million and net income of $8.0 million. Cash of $26.4 millionwas generated from operations before working capital changes. Debt proceeds for the second phase of the Cauquenes expansion (“Phase Two”) were $10.7 million, and debt repayments on existing loans were $18.7 million. At December 31, 2017, cash balance was $27.5 million.
As quoted in the press release:
Rob Henderson, Amerigo’s President and CEO, stated “I believe the foundations for future growth are now well established. In 2018, we are focused on safely increasing production to 85.0 to 90.0 million pounds of copper per year and are well positioned to benefit from increases in the copper price while continuing to work hard to reduce costs.”
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.