Amerigo Announces Q3-2017 Financial Results
Phase Two Cauquenes expansion proceeding on time and budgetVancouver, British Columbia--(Newsfile Corp. - November 8, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") reported today financial results for the three months ended September 30, 2017 ("Q3-2017"). Cash of $11.0 million was generated from operations before working capital changes. The Company posted revenue of $37.4 million and net income of $7.9 million. Debt proceeds for the second phase of...
2017-11-08 7:30 AM EST
Amerigo Announces Q3-2017 Production Results
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") announced today production results for the third quarter of 2017 from Minera Valle Central ("MVC"), the Company's 100% owned operation located near Rancagua, Chile.Operational Highlights for Q3-2017: In Q3-2017, MVC produced 15.5 million pounds of copper at a cash cost of $1.69 per pound, pursuant to a tolling agreement with Codelco's Division El Teniente....
2017-10-16 7:30 AM EDT
Amerigo Closes Bank Financing for Phase Two of the Cauquenes Expansion
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") is pleased to announce that its wholly-owned subsidiary Minera Valle Central S.A. ("MVC") has closed the loan facility (the "Phase Two Bank Facility") with Banco Bilbao Vizcaya Argentaria ("BBVA") and Export Development Canada ("EDC") announced in the Company's July 31, 2017 press release, for funding of the second phase of the planned expansion of MVC's operations...
2017-08-04 7:30 AM EDT
Amerigo Secures Bank Financing for Phase Two of the Cauquenes Expansion
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") is pleased to announce that its wholly-owned subsidiary Minera Valle Central S.A. ("MVC"), has received approval from Banco Bilbao Vizcaya Argentaria ("BBVA") and Export Development Canada ("EDC") for a loan facility of up to $35.3 million (the "Phase Two Bank Facility") to fund the second phase of the planned expansion of MVC's operations for the processing of...
2017-07-31 7:30 AM EDT
Amerigo Announces 2017 Second Quarter Production Results
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") announced today production results for the second quarter of 2017 from Minera Valle Central ("MVC"), the Company's operation located near Rancagua, Chile. Operational Highlights for Q2-2017:In Q2-2017, MVC produced 16.3 million pounds of copper at a cash cost of $1.53 per pound, pursuant to a tolling agreement with Codelco's Division El Teniente and a toll processing...
2017-07-13 7:30 AM EDT
Amerigo Announces Q1-2017 Financial Results
$4.3 million generated from operations, cash balance of $23.1 millionPhase two financing due diligence nears completionVancouver, British Columbia--(Newsfile Corp. - May 3, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") reported today financial results for the three months ended March 31, 2017. The Company posted revenue of $29.7 million and a net loss of $1.3 million. Cash of $4.3 million was generated from operations before working capital changes ($7.4 million...
2017-05-03 7:30 AM EDT
Amerigo Announces Results of AGM
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") announced today the results of voting at its 2017 Annual General Meeting of Shareholders ("AGM") held on May 1, 2017 in Vancouver, British Columbia.A total of 83,168,525 common shares were voted at the meeting, representing 47.41% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of business before the meeting, including...
2017-05-02 6:00 PM EDT
Amerigo Announces 2017 First Quarter Production Results
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") announced today production results for the first quarter of 2017 from Minera Valle Central ("MVC"), the Company's operation located near Rancagua, Chile. Operational Highlights for Q1-2017:In Q1-2017, MVC produced 15.1 million pounds of copper at a cash cost of $1.71 per pound, pursuant to a tolling agreement with Codelco's Division El Teniente and a toll processing...
2017-04-20 7:30 AM EDT
Amerigo Announces Filing of NI 43-101 Technical Report
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") is pleased to announce that it has filed a technical report (the "Report") prepared for Minera Valle Central, S.A. ("MVC"), Amerigo's Chilean subsidiary in conjunction with Amerigo's intention to commence the Cauquenes Phase Two Expansion project ("Phase Two"). Phase Two is planned to improve flotation recovery efficiency and expand the existing facilities to an...
2017-03-30 7:32 AM EDT
Amerigo Announces 2016 and Q4-2016 Financial Results
Q4-2016: $7.0 million in operating cash flow, net earnings of $3.0 millionAnnual 2016: $9.6 million in operating cash flow, net loss of $7.5 millionRecord annual copper productionVancouver, British Columbia--(Newsfile Corp. - February 22, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") reported today financial results for the year ended December 31, 2016. The Company posted revenue of $91.4 million, operating cash flow before working capital changes of $9.6 million and...
2017-02-22 7:32 AM EST
Amerigo Executes Mandate Agreement with BBVA to Arrange Financing for Phase Two of the Cauquenes Expansion
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") is pleased to announce that its wholly-owned Chilean subsidiary, Minera Valle Central S.A. ("MVC"), has executed a financing mandate agreement (the "Mandate Agreement") with BBVA Chile and BBVA Securities Inc. (collectively "BBVA").The Mandate Agreement sets out an exclusive arrangement with BBVA describing the activities needed to arrange a loan facility (the...
2017-02-21 12:08 PM EST
Amerigo Announces 2016 Fourth Quarter and Annual Production Results
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2017) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") announced today production results for the fourth quarter and full year 2016 from Minera Valle Central ("MVC"), the Company's operation located near Rancagua, Chile. Operational Highlights for Q4 and Annual 2016:MVC produced 56.8 million pounds of copper in 2016 at a cash cost of $1.73 per pound, pursuant to a tolling agreement with Codelco's Division El Teniente...
2017-01-26 7:32 AM EST
Amerigo's MVC Meets Cauquenes Completion Criteria
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") is pleased to announce that Minera Valle Central ("MVC"), the Company's 100% owned operation located near Rancagua, Chile, has successfully met the completion tests set out in the $64.4 million finance agreement under which phase one of the Cauquenes project was financed. The completion tests included mechanical completion, production, costs, commercial and...
2016-12-12 7:32 AM EST
Amerigo Announces Q3-2016 Financial Results
Record production of 16.0 million pounds of copper$1.7 million cash flow from operationsVancouver, British Columbia--(Newsfile Corp. - November 9, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") reported today financial results for the three months ended September 30, 2016 ("Q3-2016"). The Company posted revenue of $23.4 million and a net loss of $2.5 million. The Company generated cash flow from operations of $1.7 million in the quarter, and had a cash balance of $21.1...
2016-11-09 7:30 AM EST
Amerigo Announces 2016 Third Quarter Production Results
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") announced today production results for the third quarter of 2016 from Minera Valle Central ("MVC"), the Company's operation located near Rancagua, Chile. Operational Highlights for Q3-2016:In Q3-2016, MVC produced 16.0 million pounds of copper at a cash cost of $1.60 per pound, pursuant to a tolling agreement with Codelco's Division El Teniente and a toll...
2016-10-19 7:32 AM EDT
Amerigo's MVC Signs Collective Labour Agreement
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") provides the following update in respect of Minera Valle Central ("MVC"), the Company's operation located near Rancagua, Chile.Further to the Company's news releases dated September 30, 2016 and October 6, 2016, Amerigo is pleased to announce that on October 13, 2016, negotiations between MVC and its 216-member union concluded satisfactorily, and the parties have...
2016-10-14 11:50 AM EDT
Unionized Employees Strike at Amerigo's MVC
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company"), announced today that unionized employees have initiated strike action at Minera Valle Central ("MVC"), the Company's operation located near Rancagua, Chile.As announced in the Company's news release dated September 30, 2016, MVC has been conducting negotiations with its 216-member union to renew the previous collective agreement which expired on September 30, 2016....
2016-10-06 12:49 PM EDT
Amerigo Provides Labour Update at MVC
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") provides the following update in respect of Minera Valle Central ("MVC"), the Company's operation located near Rancagua, Chile. During the month of September 2016, MVC has been engaged in negotiations with its 216-member union to renew MVC's current collective agreement, which has an expiry date of September 30, 2016. MVC has presented its final best offer which...
2016-09-30 1:39 PM EDT
Amerigo's MVC Receives Chile's National Mining Award
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") is pleased to announce that Minera Valle Central ("MVC"), the Company's 100% owned operation located near Rancagua Chile, has been awarded the prestigious Premio Nacional de Minería 2016 (2016 National Mining Award) by Chile's SONAMI (National Mining Society), in the category of Mid-Size Producers. The award is for introducing an innovative business model for the...
2016-08-31 7:30 AM EDT
Amerigo Announces Q2-2016 Financial Results
Record production of 14.4 million pounds of copperScheduled debt repayments of $10.7 million made in the quarterVancouver, British Columbia--(Newsfile Corp. - August 10, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") reported today financial results for the three months ended June 30, 2016 ("Q2-2016"). The Company posted revenue of $19.3 million and a net loss of $3.6 million. The Company had negative cash flow from operations of $0.6 million, and had a cash balance of...
2016-08-10 7:32 AM EDT