Amerigo Provides Update Following Heavy Rains in Chile Limited production impact Production guidance is maintained No further rain is currently forecasted
June 26, 2024
N.R. 2024-08
Amerigo Provides Update Following Heavy Rains in Chile
Limited production impact
Production guidance is maintained
No further rain is currently forecasted
VANCOUVER, BRITISH COLUMBIA – June 26, 2024 /Amerigo Resources Ltd. (TSX: ARG; OTCQX:
ARREF) (“Amerigo” or the “Company”) is providing an operational update on Minera Valle Central (“MVC”), the
Company’s 100% owned operation located near Rancagua, Chile.
Following the Company’s June 17, 2024 news release, Amerigo reports that heavy rains continued at MVC and
have now ended. The total reported rainfall at MVC from June 13 to June 23, 2024, was 267 mm. As a reference,
recent full-year precipitations were 287 mm in 2022 and 247 mm in 2021.
Our power supply was unaffected, and MVC is processing fresh tailings normally. The rains caused water
accumulation in the Cauquenes historic tailings deposit, halting the processing of historic tailings. MVC deployed
floating pumps to remove water from Cauquenes. As of this news release, MVC estimates that 1.6 million cubic
meters of accumulated rainwater have been extracted from Cauquenes. Water removal is expected to conclude
on June 29, 2024, and processing of historical tailings is expected to resume on June 30, 2024.
The impact on production from these rains is estimated at 1.0 million pounds of copper. MVC’s 2024 production
guidance of 62.4 million pounds of copper and 1.2 million pounds of molybdenum remains in place, as actual
production outperformed guidance before these rains.
No further heavy rain is currently forecast in the region where MVC operates.
“Since our market update on June 17, 2024, MVC has been able to continue removing water from Cauquenes
uninterruptedly despite heavy rains. Our team expects to resume processing Cauquenes tailings by quarter end,”
said Aurora Davidson, Amerigo’s President and CEO. “ MVC continues to showcase their ability to anticipate
operational disruptions and safely deploy the appropriate response plans,” she added.
About Amerigo and MVC
Amerigo Resources Ltd. is an innovative copper producer with a long -term relationship with Corporación
Nacional del Cobre de Chile (“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. Tel: (604) 681-2802; Web: www.amerigoresources.com; Listing: ARG: TSX.
Contact Information
Aurora Davidson Graham Farrell
President and CEO Investor Relations
(604) 697-6207 (416) 842-9003