Amerigo Resources (TSE:ARG) reported higher third-quarter earnings and cash flow as stronger copper prices, increased production and lower cash costs supported its results at the Minera Valle Central (MVC) operation in Chile.
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President and Chief Executive Officer Aurora Davidson said the company produced 17 million pounds of copper during the quarter, while maintaining 98.1% plant availability despite heavy rainfall that limited some historic-tailings processing days. Year-to-date copper output reached 48.2 million pounds, or 76% of Amerigo’s annual guidance.
“Production is where it needs to be. Costs are performing better than guidance, and MVC continues to operate reliably,” Davidson said.
Quarterly Profitability Rises on Copper Prices and Production
Chief Financial Officer Carmen Amezquita said third-quarter revenue increased 61% from a year earlier to $84.6 million. The increase reflected higher copper production, stronger copper prices and $6.9 million in positive adjustments to the fair value of settlement receivables.
MVC’s average recognized copper price was $6.55 per pound, compared with $4.54 per pound in the third quarter of 2025. Copper production rose 16% f...