NEW YORK Amerigo Resources Ltd. produced 13.6 million
pounds of copper and 290,705 pounds of molybdenum during the
fourth quarter of 2012 at its Minera Valle Central facility,
posting a full-year total of 51.7 million pounds of copper and
1,057,717 pounds of molybdenum.
The Vancouver, British Columbia-based company said production
at the plant near Rancagua, Chile, surpassed the companys
guidance for the three months ended Dec. 31, as well as for the
Annual copper and molybdenum production from (Minera
Valle Central) has steadily increased and is now at record
levels, Amerigo president and chief executive officer
Klaus Zeitler said in a statement Jan. 16.
He added that 2012 copper production was 11 percent higher than
the previous record of 46.6 million pounds in 2010.
Molybdenum production was 35 percent higher in 2012 than in the
previous year, when the facility produced a then-record 785,068
pounds, Zeitler said.
I am now looking forward to improved financial results in
2013 due to significantly lower power costs and lower capital
outlays, he added.
Amerigo produces copper and molybdenum concentrates from
tailings produced by Corporación Nacional del Cobre de
Chiles (Codelcos) El Teniente copper mine in Chile.