Amerigo Provides Update on Heavy Rains in Chile Limited production impact reported to date No injuries or accidents reported to MVC personnel Additional heavy rains are expected during the week starting June 17, 2024
June 17, 2024
N.R. 2024-07
Amerigo Provides Update on Heavy Rains in Chile
Limited production impact reported to date
No injuries or accidents reported to MVC personnel
Additional heavy rains are expected during the week starting June 17, 2024
VANCOUVER, BRITISH COLUMBIA – June 17, 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.
Heavy rains occurred near MVC on Thursday, June 13, and Friday, June 14, 2024, with reported rainfall of 116
mm. The power supply to MVC 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
estimates 408,000 cubic meters of accumulated rainwater have been extracted as of this news release. The
impact on production from the June 13 and 14 rains is estimated at 0.55 million pounds of copper. It would not
warrant changes to MVC’s 2024 production guidance of 62.4 million pounds of copper and 1.2 million pounds of
molybdenum, as actual production outperformed guidance before these rains.
However, current weather forecasts indicate that heavy rains will return to the region during the week of June
17, 2024. We cannot anticipate how forecasted additional rain could impact MVC operations or the ongoing work
to remove accumulated water from Cauquenes. Amerigo will update the market as needed.
“MVC completed building a new water containment dam in Cauquenes in time for the rain season this year ,
which provided a critical first line of defense limiting the amount of water accumulated in the deposit. Our team
was also quick to deploy floating pumps to initiate water removal from Cauquenes as soon as safely possible,”
said Aurora Davidson, Amerigo’s President and CEO. “Our preparedness to deal with heavy rain events is strong
and will continue to mitigate potential future operational impacts,” 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