Amerigo posts profit despite lower production, sales, tags

Nov 11, 2013 | 08:06 AM | Daniel Fitzgerald

Tags  Amerigo Resources, copper, molybdenum, earnings report, Colihues, Klaus Zeitler, Daniel Fitzgerald

NEW YORK — Amerigo Resources Ltd.’s revenue fell in the third quarter due to lower copper and molybdenum sales volumes as well as lower average metal prices.

The Vancouver, British Columbia-based company posted net income of $1.04 million for the three months ended Sept. 30 in contrast to a net loss of $4.19 million in the same period last year despite a 27.8-percent decline in revenue to $31.95 million. ....

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