Amerigo Resources expects 1st copper/molybdenum conc production from the phase-2 expansion production of its 100%-owned Minera Valle Central (MVC) tailings processing operation near Rancagua, Chile, in Q3 FY/CY18 and full production beginning in Q4 18 to increase copper production to 85Mlbs-90Mlbs pa and cutting cash costs to $US1.45/lb.
The expectations are well up on Q2 18’s 14.7Mlb copper and Q1 18’s 14.2Mlbs at cash costs down to $1.71/lb from $1.77lb. Q2 18 molybdenum production was 400,000lbs. Amerigo expects to produce 65Mlbs-70Mlbs copper in FY/CY18 at cash costs of $1.45lb-$1.60lb and 1.5Mlbs molybdenum.
Full Q2 18 results expects July 31, 2018.