- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- 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’s MVC Phase Two Expansion Project Starts Producing Concentrates
Copper production is increasing, and unit costs are dropping in accordance with the company’s guidance.
Amerigo Resources (TSX:ARG) has reported that commissioning of the new rougher flotation circuit has commenced on the phase two expansion project at Minera Valle Central, the company’s operation located near Rancagua, Chile.
According to the release, copper concentrates from the new flotation circuit are being processed in the existing cleaner flotation circuit. Construction of the new cleaner flotation circuit is expected to be complete this month. Construction of MVC’s new molybdenum circuit is expected to be complete in October. Copper production is increasing, and unit costs are dropping in accordance with the company’s guidance.
As quoted in the press release:
In 2018, Amerigo expects to produce 65 to 70 million pounds of copper at a cash cost of $1.45 to $1.60 per pound. MVC’s phase two expansion will increase MVC’s copper production to 85 to 90 million pounds per year and lower cash cost to $1.45/lb.
Click here to read the full Amerigo Resources (TSX:ARG) press release.
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.