(RTTNews) - Amerigo Resources Ltd. (ARG.TO) announced Tuesday higher fiscal 2024 production of Copper and Molybdenum from Minera Valle Central or MVC, the company's 100% owned operation located near Rancagua, Chile.
In 2025, Amerigo expects to produce 62.9 million pounds or M lbs of copper and 1.3 M lbs of molybdenum, marking the fifth year of increased production guidance.
In 2024, MVC produced 64.6 M lbs of copper, up from 57.6 M lbs last year, and 4% over the Company's annual production guidance of 62.4 M lbs. The company recorded 65.0 M lbs of copper deliveries.
Amerigo produced 1.3 M lbs of molybdenum in 2024, higher than 1.2 M lbs in 2023, and 8% over the guidance of 1.2 M lbs.
Amerigos average annual copper price in 2024 was $4.15 per pound, up from $3.86/lb a year ago.
The annual plant maintenance shutdown at MVC is scheduled for Q1-2025. The maintenance shutdown's lower production expected in Q1-2025 is factored into the annual production guidance.
Amerigo will release 2024 financial results on February 26.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
