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Amerigo Resources announced today (July 11) production results for Q2-2018 from Minera Valle Central (MVC), the company’s operation located near Rancagua, Chile.
Amerigo Resources (TSX:ARG) announced today (July 11) production results for Q2-2018 from Minera Valle Central (MVC), the company’s operation located near Rancagua, Chile.
According to Amerigo, the company produced 14.7 million pounds of copper at a cash cost of US$1.71 per pound. Molybdenum production was 0.4 million pounds.
President and CEO of Amerigo, Rob Henderson said:
“Production results in Q2-2018 met expectations and MVC is nearing completion of the Phase Two expansion project which will increase production and lower cash costs. Amerigo remains well positioned for a strong close of the year, fully leveraged to the price of copper.”
As quoted in the press release:
Production guidance for the full year 2018 remains unchanged. In 2018, Amerigo expects to produce 65 to 70 million pounds of copper at a cash cost of US$1.45 to US$1.60 per pound. In 2018, the company also expects to produce 1.5 million pounds of molybdenum.
Click here to read the full Amerigo Resources (TSX:ARG) press release.