Amerigo Resources Ltd.s copper production rose in the
third quarter as operations continued to recover from a mine
slide earlier this year.
Columbia-based Amerigo produced 11.04 million pounds of copper
and 193,000 pounds of molybdenum at its Minera Valle Central
project in Chile for the quarter ended Sept. 30, up 15.5
percent and 9.7 percent, respectively, from 9.6 million pounds
of copper and 176,000 pounds of molybdenum in the second
However, the figures
were down from the third quarter of 2012, when the site
produced 12.7 million pounds of copper and 322,000 pounds of
A slide at the
Colihues Mine in April impacted its extraction rates and
yielded grades (amm.com, May 10), with the company
saying Oct. 15 that its production outlook for 2013 remains at
the lower end of 45 million to 50 million pounds of copper.
copper production ... is expected to show continued improvement
in the fourth quarter," Amerigo chairman and chief executive
officer Klaus Zeitler said in a statement.
third-quarter copper sales totaled 10.9 million pounds in the
quarter at an average price of $3.19 per pound, down from
13.02 million pounds at an average $3.52 per pound a year
earlier, while molybdenum sales totaled 205,000 pounds at an
average price of $9.41 per pound, down from 338,000 pounds
at an average of $11.64 per pound.
The company said
it expects to receive environmental approvals for its Cauquenes
expansion project within the next three months.