Amerigo Resources Ltd. reported production results of Minera Valle Central for the fourth quarter 2023 . For the period, the company reported production 16.4 million pounds, returning to normal levels following last year?s severe weather events at MVC. In 2023, MVC produced 57.6 million pounds of copper, in line with the revised annual guidance of 57.8 M lbs announced last September.

The revised yearly guidance incorporated the impact of severe rains on MVC?s Q2-2023 and Q3-2023 copper production. In Q4-2023, MVC produced 16.4 M lbs of copper; 47% of copper production came from historic tailings (Cauquenes tailings), proving MVC?s operational flexibility and ability to increase processing from Cauquenes if and when needed. Amerigo produced 1.2 M lbs of molybdenum in 2023, compared to the Company?s increased guidance of 1.1 M lbs.

The Company?s 2023 cash cost was $2.17 per pound (/lb), compared to latest guidance of $2.20/lb. In 2023, the Company incurred $14.3 million in capital expenditures on projects (?Capex?), up $1.0 million from original guidance of $13.3 million. Capitalizable maintenance and strategic spares were $3.7 million.