Amerigo’s MVC Phase Two Expansion Meets Completion Criteria

- January 3rd, 2019

The company said the Cauquenes phase two project completion tests included production, costs, commercial, environmental compliance and mechanical completion targets over a sixty-day period.

Amerigo Resources (TSX:ARG) has announced that Minera Valle Central (MVC), the company’s operation near Rancagua, Chile, has successfully met the completion tests set out in the $35.3 million finance agreement under which the expansion project was financed by Scotiabank Chile and Export Development Canada.

The company said the Cauquenes phase two project completion tests included production, costs, commercial, environmental compliance and mechanical completion targets over a sixty-day period. The project’s $1.5 million concentrate regrind mill was removed from the phase two completion timeline and is expected to be installed in Q2 2019.

As quoted in the press release:

On December 6, 2018, Chile’s President Sebastián Piñera visited MVC to attend a ceremony celebrating the start up of the new process plant. President Piñera highlighted the innovative work carried out by MVC in the treatment of waste material from mining operations. “This new project means not only a leap into the future, but also a very important investment”, said the President at the ceremony, in which he was accompanied by Chile’s Minister of Mining, Baldo Prokurica. “It brings value and quality of life to the inhabitants of the O’Higgins Region”, Mr. Piñera added.

Click here to read the full Amerigo Resources (TSX:ARG) press release.

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