Amerigo logs loss in qtr. as sales, prices fall

May 09, 2014 | 03:07 PM | Saranya Kapur

Tags  Amerigo Resources, copper, molybdenum, company earnings, El Teniente Mine, Saranya Kapur

NEW YORK — Amerigo Resources Ltd. posted a net loss in the first quarter due to lower copper and molybdenum sales and declining metal prices.

The Vancouver, British Columbia-based mining company’s copper selling price before smelting, refining and other charges averaged $3.36 per pound in the three months ended March 31, down 4.5 percent from $3.52 per pound a year earlier, while the average selling price for molybdenum dropped 12.4 percent to $9.93 per....

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