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Mining Bulletin

The full story: In-depth news and analysis

SILVER HEAVYWEIGHT PAN AMERICAN $1.07B BID FOR TAHOE RES

Big gun Pan American Silver has launched a mutually agreed $1.07b bid for suspended Escobel mine owner Tahoe Resources

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STRIKE HELPS PUSH RANDGOLD YTD18 PROFIT DOWN $50M

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RECORD PRODN FAILS TO AVERT HALVING AMERIGO’S Q3 18 PROFIT

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RECORD ALAMOS YTD18 GOLD PRODN FAILS TO OFFSET LOSS

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FY18 CENTERRA GOLD GUIDANCE UP, DESPITE COSTS HIT Q3 18 PROFIT

Impairments/one-off $60M charge hammer Centerra Q3 18 profit, despite Q3 18 gold jump that lifts FY/CY18 expectations

ILUKA FACES MORE PRODUCTION SETBACKS AFTER ILLEGAL SIERRA RUTILE WORKERS STRIKE

FY2018 production guidance at Iluka’s Sierra Rutile business has been lowered by a cumulative 20% due to equipment issues and unlawful strike action at the Sierra Leone operation.

$101M NPV HAS TERRAMIN LOOKING FOR $60M BIRD-IN-HAND FUNDING

Scoping study flags $66M, 47,000oz Au/22,000oz Ag pa initial 5-year LoM Bird-in-Hand deposit close to Terramin’s producing Angas Zinc Mine in South Australia

LOWER PRODN, HIGHER COSTS, IMPAIRMENTS SLASH NEWMONT YTD18 PROFIT

Following a YTD18 profit plunge to $283M from $473M, gold major Newmont Mining has cut FY/CY18 gold expectations
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AMERIGO RES: Q2 18 PRODN UP AHEAD OF NEW EXPANSION PRODN Q4 18

 

Vancouver, Jul 11

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.

Amerigo Resources

Exchange Code: 
TSX:ARG, OTCQX:ARREF
Website: 
http://www.amerigoresources.com

TSX-listed company producing copper and molybdenum concentrates from tailings of the El Teniente mine in Chile

Subsidiary: Minera Valle Central (MVC)

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