UPDATE: Amerigo Resources Provides 2013 Production, Capital Guidance; Stock Falls Nearly 2% to Day Lows
Amerigo Resources Ltd. (ARG.TO) announced today operations and capital guidance for the year 2013 from Minera Valle Central ( MVC ).
said production in 2013 is anticipated to be between 45 and 50 million pounds of copper and one million pounds of molybdenum from the processing of both fresh tailings from El Teniente and historic tailings from Colihues.
Excluding the Cauquenes Project, 2013 capital expenditures at MVC are estimated to be approximately $7 million, which is significantly lower than the $22 million invested in 2012 and will positively impact the company's cash resources.
ARG has fallen to day low 65 cents by nearly 2%.