Finance > Profit-loss

Rising copper boosts Amerigo's coffers

Stronger copper prices helped Chile copper producer Amerigo Resources (CN:ARG) report a gross profit of US$11.9 million for the third quarter, compared with a gross loss of almost $1 million in the previous corresponding period.

Staff reporter

Finance > Profit-loss

Rising copper boosts Amerigo's coffers

Stronger copper prices helped Chile copper producer Amerigo Resources (CN:ARG) report a gross profit of US$11.9 million for the third quarter, compared with a gross loss of almost $1 million in the previous corresponding period.

Staff reporter

Rising copper boosts Amerigo's coffers

MVC’s production is expected to increase

President and CEO Rob Henderson said the copper price had risen due to continued strong demand from China and expectations of global supply shortfalls and Amerigo was starting to benefit from its expansion investments.