Amerigo reviews moly, cuts output forecast

May 10, 2013 | 05:05 PM | Daniel Fitzgerald

Tags  Amerigo Resources, copper, molybdenum, molybdenum prices, Rob Henderson, Colihues Mine, Codelco, Daniel Fitzgerald

NEW YORK — Amerigo Resources Ltd. is conducting a "detailed economic review of molybdenum production under current prices" given the "minimal profitability" of its molybdenum operations in the first quarter, it said.

The Vancouver, British Columbia, company has cut its output guidance for 2013, with a recent slide in one of the working areas at its Colihues Mine meaning that extraction rates and grades will be lower than thought for the second and third quarters.....

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