NEW YORK Copper production at Amerigo Resources Ltd.
fell nearly 18 percent in the second quarter of 2013 after a
slide at the Colihues Mine in April, the company
The Vancouver, British Columbia-based company produced 9.55
million pounds of copper and 176,000 pounds of molybdenum for
three months ended June 30, 2013 at its Minera Valle Central
project near Rancagua Chile vs. 11.57 million pounds of copper
and 229,000 pounds of molybdenum a year previously.
Production fell 36 percent year over year in April alone
because of the Colihues slide but showed positive growth in May
and June, Klaus Zeitler, Amerigo president and chief operating
officer, said in a statement.
The company had already cut its 2013 copper production
guidelines to the low end of its initial 45 million to 50
million pound estimate following the slide (
amm.com, May 10
During the second and third quarters Colihues extraction
rates and grades will be lower than originally
anticipated, Zeitler said.
However, the company expects improvement at Colihues in the
fourth quarter, Rob Henderson, Amerigos chief operating
Amerigos second quarter copper sales also fell 12.31
percent year over year as a result of lower production. Amerigo
sold 9.44 million pounds of copper in the second quarter
compared to 10.76 million pounds a year ago.