Wall slide at Chile mine puts Amerigo in the red in 2d qtr.

Aug 07, 2013 | 10:11 AM | Everdeen Mason

Tags  Amerigo Resources, copper, molybdenum, earnings report, Colihues, Klaus Zeitler, Minera Valle Central, Rob Henderson Everdeen Mason

NEW YORK — Continuing fallout from a wall slide at Amerigo Resources Ltd.’s copper-molybdenum operation in Chile as well as lower metal prices pushed the company into the red in the second quarter.

The company posted a net loss of $837,000 for the three months ended June 30 in contrast to net income of $3.24 million in the first quarter on sales that fell 27.1 percent to $31.45 million from $43.16 million in the same comparison.....





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