Amerigo Resources Resumes Fresh Tailings Processing at MVC

Amerigo Resources ( (TSE:ARG) ) has provided an update.

Amerigo Resources Ltd. announced that its Minera Valle Central (MVC) operation in Chile has resumed processing fresh tailings from the El Teniente copper mine after a temporary suspension due to a seismic event. While the mine’s operations are not yet fully normalized, Amerigo is mitigating the impact by increasing the processing of historic tailings, although daily throughput is expected to be lower than initially forecasted.

The most recent analyst rating on (TSE:ARG) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Amerigo Resources stock, see the TSE:ARG Stock Forecast page.

Spark’s Take on TSE:ARG Stock

According to Spark, TipRanks’ AI Analyst, TSE:ARG is a Neutral.

Amerigo Resources has a solid financial foundation and attractive valuation, but faces short-term operational risks due to external events. The positive earnings call sentiment and strategic initiatives provide a balanced outlook.

To see Spark’s full report on TSE:ARG stock, click here.

More about Amerigo Resources

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Codelco, the world’s largest copper producer. The company produces copper concentrate and molybdenum concentrate as a by-product at its Minera Valle Central (MVC) operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world’s largest underground copper mine.

Average Trading Volume: 241,504

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$342.4M

For an in-depth examination of ARG stock, go to TipRanks’ Overview page.