trending Market Intelligence /marketintelligence/en/news-insights/trending/b9ornvkzr9fyoabtrvkvwa2 content esgSubNav
In This List

Amerigo begins copper concentrate production at Chilean expansion project

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Amerigo begins copper concentrate production at Chilean expansion project

Amerigo Resources Ltd. kicked off commissioning of the new rougher flotation circuit as part of the phase-two expansion at the company's Minera Valle Central copper project in Chile.

Copper concentrates from the new flotation circuit are being processed in the existing cleaner flotation circuit, according to a Sept. 5 release.

The construction of the new cleaner flotation circuit is expected to be completed this month, while construction of Minera Valle Central's molybdenum circuit would be finished in October.

As a result, the company's copper production is increasing, and unit costs are dropping in line with its guidance.

Amerigo expects to produce 65 million to 70 million pounds of copper at a cash cost of C$1.45 to C$1.60 per pound this year.

The phase-two expansion will boost copper production from Minera Valle Central to between 85 million and 90 million pounds per year and lower the cash cost to C$1.45/lb.