Amerigo Resources Updates on Fresh Tailings Processing Plans

Amerigo Resources Provides Operational Update
Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) has recently provided an update regarding its operations at Minera Valle Central (MVC), located near Rancagua, Chile. This comes after a critical development surrounding the El Teniente mine, one of the world's prominent copper mines.
El Teniente Mine Restarts Operations
As of early August, the El Teniente underground copper mine resumed operations following regulatory approval. This restart is significant for Amerigo as the company had halted the processing of fresh tailings due to a tragic seismic event that impacted operations and led to the loss of lives. The resumption of these operations means MVC can begin processing fresh tailings again.
Impact of Fresh Tailings on Production
With the restart date set, MVC has begun to receive fresh tailings since August 10. Initially, there are expectations that the daily throughput from this fresh tailings source will be lower than what was initially forecasted in MVC's production strategy for 2025. This is due to the time needed for El Teniente to return to its full operational capacity.
Continued Processing of Historic Tailings
In response to the lowered expectations from fresh tailings, Amerigo is actively increasing the processing of historic tailings. This proactive approach aims to mitigate potential production impacts while the El Teniente operations normalize. Aurora Davidson, the President and CEO of Amerigo, has highlighted the company's commitment to adjusting operations to maintain stability during this transition.
About Amerigo Resources Ltd.
Amerigo Resources is recognized as an innovative leader in copper production, maintaining a robust relationship with Codelco, the world’s leading copper producer. At MVC, Amerigo processes both fresh and historic tailings, allowing the recovery of copper concentrate and by-products like molybdenum. This process highlights the company’s strategic approach to resource management in the mining sector.
Looking Ahead
As operations at El Teniente stabilize, Amerigo is keen on monitoring the impact of these changes on their production outlook. The company looks forward to providing updates based on data collected over the forthcoming days, aligning their strategies and expectations based on these operational insights.
Frequently Asked Questions
What is the status of operations at El Teniente?
Operations at the El Teniente mine have resumed after receiving the necessary approvals from regulatory bodies.
How will the restart affect Amerigo’s production?
The restart of fresh tailings processing may initially mean lower than expected daily throughput for Amerigo.
What measures is Amerigo taking to mitigate production impacts?
Amerigo is increasing the processing of historic tailings to balance any potential impacts on production levels.
Where is Minera Valle Central located?
The MVC operation is located near Rancagua, Chile, and is wholly owned by Amerigo Resources.
What products does Amerigo produce?
Amerigo Resources primarily produces copper concentrates and molybdenum as a by-product from its operations.
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