Feb 21 (Reuters) - Amerigo Resources Ltd ::AMERIGO ANNOUNCES ANNUAL 2017 AND Q4-2017 FINANCIAL RESULTS.Q4 REVENUE $37 MILLION.IN 2018, CO EXPECTS TO PRODUCE 65.0 MILLION TO 70.0 MILLION POUNDS OF COPPER AT A CASH COST OF $1.45 TO $1.60/LB.QTRLY NET INCOME OF $3.1 MILLION.
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Jan 16 (Reuters) - Amerigo Resources Ltd ::AMERIGO ANNOUNCES ANNUAL 2017 AND Q4-2017 PRODUCTION RESULTS.AMERIGO RESOURCES LTD - IN Q4-2017, MINERA VALLE CENTRAL PRODUCED 15.6 MILLION POUNDS OF COPPER AT A CASH COST OF $1.66 PER POUND.AMERIGO RESOURCES - CONSTRUCTION OF MVC'S CAUQUENES PHASE TWO EXPANSION ON TRACK FOR COMPLETION IN Q3-2018, FULL PRODUCTION EXPECTED IN Q4-2018.AMERIGO RESOURCES LTD - IN 2018, AMERIGO EXPECTS MVC TO PRODUCE 65 TO 70 MILLION POUNDS OF COPPER AND 1.8 MILLION POUNDS OF MOLYBDENUM.
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Amerigo Resources Ltd : Amerigo announces 2016 and Q4-2016 financial results . Amerigo Resources Ltd - 2016 production was 56.8 million pounds of copper, 52 pct higher than 37.3 million pounds produced in 2015 . Amerigo Resources Ltd - in Q4-2016 the company posted revenue of $29.5 million . Amerigo Resources Ltd- MVC estimates 2017 production of 60.0 to 65.0 million pounds of copper at an annual cash cost of $1.60 to $1.75/lb . Amerigo Resources Ltd - for 2017 MVC expects to produce 1.5 million pounds of molybdenum . Amerigo Resources - co is advancing debt financing discussion to complete construction of phase two cauquenes expansion project in second half of 2018 . Amerigo Resources Ltd - project has estimated cost of $30 million, planned to up production to 87 million pounds of copper/year, estimated cash cost $1.40/lb .Qtrly net earnings of $3.0 million.
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Amerigo Resources Ltd : Amerigo announces 2016 fourth quarter and annual production results . Amerigo Resources Ltd - in 2017, MVC expects to produce 60 to 65 million pounds of copper . Amerigo Resources Ltd says Q4-2016 copper production was affected by a labour strike in October 2016 . Amerigo Resources - is advancing financing discussions to complete construction of second phase of cauquenes expansion project in second half of 2018 .Amerigo Resources -in 2017 Minera Valle Central expects to produce 60 to 65 million pounds of copper, at an annual cash cost of $1.60 to $1.75 per pound copper.
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Amerigo Resources Ltd : Amerigo provides labour update at MVC . Amerigo Resources Ltd -During month of Sept 2016, MVC has been engaged in negotiations with 216-member union to renew MVC'S current collective agreement . Amerigo Resources Ltd -MVC is also taking necessary operational and legal steps to be prepared for a strike . Amerigo Resources Ltd -Minera Valle Central requested mediation services of Labor Authority in order to extend negotiations . Amerigo resources says Minera Valle has presented its final offer which was rejected by vote of majority of union members on September 27, 2016 . Amerigo resources ltd - MVC will continue its discussions with union in following days, in an effort to reach a new collective agreement. .Amerigo Resources Ltd -A strike could potentially be postponed to commence on first working shift on October 11, 2016.
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Amerigo Resources Ltd : Q2 revenue rose 18 percent to $19.3 million . 2016 financial results . Q2-2016 production was 14.4 million pounds of copper, 58% higher than 9.1 million pounds produced in Q2-2015 . MVC maintains its 2016 production guidance of 55.0 to 60.0 million pounds of copper at an annual cash cost of $1.65 to $1.85/lb .Amerigo Resources Ltd qtrly loss per share $0.02.
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Amerigo Resources Ltd : Amerigo announces 2016 second quarter production results . Says in Q2 2016, MVC produced 14.4 million pounds of copper at a cash cost of $1.65 per pound . Says in Q2 2016, MVC produced 14.4 million pounds of copper at a cash cost of $1.65 per pound .In Q3 2016, ramp up in copper production should continue to improve and unit costs should continue to decrease.
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