Brief: Amerigo posts Q4 net earnings of $3.0 million

Amerigo Resources

22/02/2017 12:30

Feb 22 (Reuters) - Amerigo Resources Ltd  ARG.TO  
    * Amerigo announces 2016 and Q4-2016 financial results 
    * Amerigo Resources Ltd - 2016 production was 56.8 million 
pounds of copper, 52 pct higher than 37.3 million pounds 
produced in 2015 
    * Amerigo Resources Ltd - in Q4-2016 the company posted 
revenue of $29.5 million 
    * Amerigo Resources Ltd- MVC estimates 2017 production of 
60.0 to 65.0 million pounds of copper at an annual cash cost of 
$1.60 to $1.75/lb 
    * Amerigo Resources Ltd - for 2017 MVC expects to produce 
1.5 million pounds of molybdenum 
    * Amerigo Resources - co is advancing debt financing 
discussion to complete construction of phase two cauquenes 
expansion project in second half of 2018 
    * Amerigo Resources Ltd - project has estimated cost of $30 
million, planned to up production to 87 million pounds of 
copper/year,  estimated cash cost $1.40/lb 
    * Qtrly net earnings of $3.0 million 
 
Source text for Eikon:  ID:nGNXNQHUOa  
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