![]() Amerigo’s annual molybdenum production guidance has been revised upwards from 1.0 M lbs toĪmerigo’s cash cost 1 in Q3-2023 was $2.44 per pound (“/lb”), primarily due to temporarily reduced production levels.Īmerigo’s quarterly copper price in Q3-2023 was $3.76/lb, compared to $3.80/lb in Q2-2023, and the Company’s molybdenum price was $23.31/lb, up from $20.76/lb in Q2-2023. YTD molybdenum production of 0.8 M lbs is 3% over guidance. Q3-2023 molybdenum production was 0.2 M lbs. This revised annual guidance incorporated the severe rains' impact on MVC’s Q2-2023 and Q3-2023 copper production. Guidance of 57.8 M lbs announced to the market on September 11, 2023. Amerigo’s total 2023 copper production is expected to exceed the revised annual In Q3-2023, MVC produced 11.1 million pounds (“M lbs”) of copper, with 74% of production coming from fresh tailings. Davidson added, “MVC’s operations were back to normal before the end of September, and we now expect Q4-2023 copper production to exceed the 16.6 million pounds produced during Q4-2022.” Severe rain in central Chile, which affected the production of historic tailings in two separate events,” said Aurora Davidson, Amerigo’s President and CEO. ![]() ![]() This revised guidance reflected the impact of “MVC’s copper production in the third quarter of 2023 was 11.1 million pounds, aligned with our revised guidance published on September 11, 2023. Dollar amounts in this news release are in U.S.ĭollars (“USD”) unless indicated otherwise. Quarter ended Septem(“Q3-2023”) from Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile. (TSX: ARG OTCQX: ARREF) (“Amerigo” or the “Company”) announces production results for the 10, 2023 (GLOBE NEWSWIRE) - Amerigo Resources Ltd. *Results impacted by the temporary impact of historic flooding MVC resumed full production on September 21, 2023
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