financetom
Business
financetom
/
Business
/
Amerigo Resources Reported Q3-2025 Operational Results; Shares Hit 52 Week Highs on Tuesday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amerigo Resources Reported Q3-2025 Operational Results; Shares Hit 52 Week Highs on Tuesday
Oct 8, 2025 6:22 AM

08:36 AM EDT, 10/08/2025 (MT Newswires) -- Amerigo Resources ( ARREF ) , which saw its shares jump 3.3% to 52 week highs yesterday, announced Wednesday operational results for the quarter ended September 30, 2025 from Minera Valle Central, the company's 100% owned operation located near Rancagua, Chile, which was impacted by lower fresh tailings throughput following an accident at the El Teniente mine.

Among highlights, ARG cited Q3-2025 copper production of 14.6 million pounds; and said 2025 copper production is estimated to be 2% to 5% below guidance, while cash cost guidance remains in place. The company added it is "positioned to eliminate remaining debt" in Q4-2025, while US$3.5 million was returned through dividends in Q3-2025.

The company in a statement said operational results during Q3-2025 were impacted by lower fresh tailings throughput following an accident at the El Teniente mine. ARG noted MVC did not receive fresh tailings for 10 days in August while El Teniente's mine operations were fully suspended. It said El Teniente's operations continue to ramp up under the Safe and Progressive Restart of Operations Plan, but fresh tailings throughput has not yet returned to pre-accident levels. Despite this dynamic situation, MVC's daily production has remained stable since the last week of August, it added.

"Utilizing the tremendous flexibility of MVC's processing plant, our team has done an exceptional job increasing the processing of historic tailings and adjusting plant performance to minimize the continued impact from lower fresh tailings throughput. MVC's production results were heavily impacted in August, but MVC's September output was closely aligned with its original monthly production budget," said Aurora Davidson, Amerigo's President and CEO.

"Notwithstanding MVC's agile response, the August production shortfall will likely prevent Amerigo from meeting its original annual production guidance of 62.9 million pounds of copper. We currently expect to produce between 60 and 61.5 million pounds of copper in 2025, which is 2% to 5% lower than our original guidance. Amerigo's molybdenum production and cash cost guidance remain in place."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alphabet's Google Antitrust Case Result 'Best-Case Outcome,' Oppenheimer Says
Alphabet's Google Antitrust Case Result 'Best-Case Outcome,' Oppenheimer Says
Sep 3, 2025
11:12 AM EDT, 09/03/2025 (MT Newswires) -- Alphabet's (GOOG, GOOGL) legal win in the antitrust case ruling on Google's ( GOOG ) monopoly is the best-case outcome and removes the medium-term overhang on valuation and sentiment, Oppenheimer said in a Tuesday note. According to the recent court ruling by US District Judge Amit Mehta for the District of Columbia, Google...
McDonald's Plans to Win Back Value-Oriented Consumers, Oppenheimer Says
McDonald's Plans to Win Back Value-Oriented Consumers, Oppenheimer Says
Sep 3, 2025
11:13 AM EDT, 09/03/2025 (MT Newswires) -- McDonald's (MCD) plans to improve its value perception and win back budget-conscious consumers, Oppenheimer said in a note emailed Wednesday after attending a sell-side event with Chief Executive Chris Kempczinski and Chief Financial Officer Ian Borden. Before the event, the fast food giant announced the return of its Extra Value Meals with deeper...
Canadian PM says he spoke to Trump on Monday, had good conversation
Canadian PM says he spoke to Trump on Monday, had good conversation
Sep 3, 2025
OTTAWA (Reuters) -Canadian Prime Minister Mark Carney on Wednesday said he had a lengthy and productive conversation with U.S. President Donald Trump on Monday, covering trade issues and other topics. Carney, speaking to reporters ahead of a cabinet retreat in Toronto, also said a senior team of Canadian officials was in Washington for the latest round of talks on a...
Chevron signs preliminary agreement with Angola to explore for oil in offshore block
Chevron signs preliminary agreement with Angola to explore for oil in offshore block
Sep 3, 2025
LUANDA (Reuters) -Chevron has signed a preliminary agreement with Angola's national oil and gas concessionaire ANPG to explore for oil in the country's offshore block 33/24, the U.S. oil major said on Wednesday. The risk services contract with Angola's National Oil, Gas and Biofuels Agency was signed on the first day of an energy conference in the country. The execution...
Copyright 2023-2026 - www.financetom.com All Rights Reserved