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Amerigo resumes full production at its MVC copper operation in Chile

Kitco Media
By Vladimir Basov
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Updated
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(Kitco News) - Chile-focused copper producer Amerigo Resources (TSX: ARG) announced today that Minera Valle Central (MVC), the company's 100% owned operation located near Rancagua, Chile has resumed normal operations.

The company said that the MVC plant was reconnected to Chile's central power grid on July 21, 2023, enabling MVC to resume normal operations processing fresh and historic Cauquenes tailings on July 22, 2023.

MVC lost its connection to the central power grid on June 23, 2023, when three high-voltage power towers owned by MVC collapsed following severe flooding from heavy rains in central Chile.

"This situation caused a total power outage at MVC. Emergency power supplies took immediate effect to prevent any negative environmental impact from occurring," the company noted in a press release.

As reported in the company's news release of July 12, 2023, Amerigo reduced its annual production guidance by 3% to 60.5 million pounds of copper due to the lost production from the flooding.

Amerigo noted that this revised copper production guidance remains in place, and the company's original guidance of 1.0 M lbs of molybdenum remains unchanged.

"We are pleased to resume normal operations at MVC. I am very proud of the swift response from all members of our team in Chile, which allowed us to reconnect to the power grid as quickly as possible and minimize lost production," said president and CEO Aurora Davidson.

Amerigo Resources is an innovative copper producer with a long-term relationship with Chile's Codelco, the world's largest copper producer. Amerigo produces copper concentrate, and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco's El Teniente mine, the world's largest underground copper mine.

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Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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