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.
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