TSX:ARG News - The Assay


Amerigo Resources (TSX:ARG) 100% owned MVC operation in Chile produces copper (and molybdenum as a by- product) by processing fresh and historic tailings from Codelco’s El Teniente mine.

Amerigo is a historical copper producer (MVC has been producing copper concentrates since 1992) with a strategic relationship with Codelco, the world’s largest copper producer. MVC’s contractual rights to process fresh and historic tailings from El Teniente currently run to 2037. Amerigo’s business model is built on US$300M of investment since 2003 when Amerigo bought MVC. The operational objectives are to maximize production from fresh and historic tailings and manage costs to maximize margin. MVC has low sustaining capex requirements (US$6M/year) and predictable EBITDA and cash flow.

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