Brief: Amerigo Resources Reports Q1 Loss Per Share Of $0.02

Amerigo Resources

06/05/2020 13:12

May 6 (Reuters) - Amerigo Resources Ltd  ARG.TO :
    * AMERIGO REPORTS Q1-2020 FINANCIAL RESULTS
    * Q1 LOSS PER SHARE $0.02
    * Q1 REVENUE $15.6 MILLION VERSUS $27.7 MILLION
    * QUARTERLY FINANCIAL PERFORMANCE WAS IMPACTED BY LOW COPPER
PRICES AS A RESULT OF CURRENT GLOBAL PANDEMIC
    * MVC PRODUCED 11.8 MILLION POUNDS OF COPPER DURING Q1-2020
AT A
CASH COST OF $1.94/LB
    * QTRLY REVENUE $15.6 MILLION, DOWN 44%
    * AMERIGO RESOURCES - ABILITY TO CONTINUE AS GOING CONCERN
DEPENDENT UPON COPPER PRICES STABILIZING, MVC’S ABILITY TO
REDUCE OPERATING COSTS & ROYALTIES

Source text for Eikon:  ID:nGNXbgbdlP 
Further company coverage:  ARG.TO 

 ((Reuters.Briefs@thomsonreuters.com;))