Amerigo Announces Fiscal 2009 Financial Results
Amerigo Resources Ltd. (TSX:ARG) announced today results for the year ended December 31, 2009.
Amerigo Resources Ltd. (TSX:ARG) announced today results for the year ended December 31, 2009.
The press release is quoted as saying:
Mr. Steven Dean, Amerigo’s Chairman, stated, “2009 was a year of two contrasting halves. The first half was characterized by low copper and molybdenum prices, low production due to the shutdown and reconfiguration of old tailings extraction, and continuing high input costs post the 2008 financial crisis. The second half saw a return to profitability, with net earnings of $7,149,882 and operating cash flow of $11,342,732, due to higher copper prices, the fruits of our cost reduction efforts and higher copper production with increasing old tailings extraction.”