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Announces Q4 2008 Production Results
Jan 30, 2009 07:11AM
January 30, 2009
Amerigo Announces Q4 2008 Production Results
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2009) - Amerigo Resources Ltd. (TSX:ARG) ("Amerigo" or the "Company") announced today that during Q4-2008 Amerigo produced a total of 9.53 million pounds of copper and 211,729 pounds of molybdenum, compared to 9.52 million pounds of copper and 157,630 pounds of molybdenum in Q4-2007. The Company will book Q4-2008 copper sales at $1.31/lb (December 31, 2008 price), compared to Q3-2008 sales which were booked at $2.81/lb (September 30, 2008 price).
The Company's power costs averaged $0.1415/kwh during the quarter, compared to $0.1703/kwh in Q3-2008.
Amerigo Resources Ltd. is a Canadian company producing copper and molybdenum from its MVC operations near Santiago, Chile.