Amerigo Reports Q2-2019 Financial Results

VANCOUVER, BRITISH COLUMBIA, CANADA, August 8, 2019 /EINPresswire.com/ — August 8, 2019
N.R. 2019- 12

Amerigo Reports Q2-2019 Financial Results

• Q2-2019 net loss of $6.6 million ($0.04 LPS) as a result of low production and low copper prices

• June 2019 debt repayments made on schedule

VANCOUVER, BRITISH COLUMBIA – August 8, 2019/Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) announced financial results for Q2- 2019.

Amerigo’s financial results in Q2-2019 were affected by low production at Minera Valle Central ("MVC"), the Company’s 100% owned operation located near Rancagua, Chile, and by low copper prices in the period.

Rob Henderson, Amerigo’s President and CEO, stated “MVC experienced a very poor start up to the Phase Two expansion project this year due to low recoveries from the historic Cauquenes tailings deposit. In July, MVC completed construction of the deep level extraction sump and the new concentrate regrind mill, with which we expect performance to improve. In order to have more short-term financial flexibility, the existing MVC bank loans are expected to be restructured in Q3-2019.”

Amounts in this news release are reported in U.S. dollars except where indicated otherwise.

Amerigo reported a financial loss of $6.6 million in Q2-2019

• Net loss was $6.6 million (Q2-2018: net income of $2.7 million), due to lower production and lower metal prices.

• Loss per share was $0.04 (Q2-2018: earnings per share of $0.02).

• The Company used cash flow of $4.8 million in operations, before changes in non-cash working capital (Q2-2018: generated cash flow from operations of $6.4 million before changes in non-cash working capital). Net cash from operating activities in Q2-2019 was $3.0 million (Q2-2018: $1.8 million).

MVC’s Q2-2019 production remained low, negatively affecting financial performance

• Q2-2019 production was 13.3 million pounds of copper (Q2-2018: 14.7 million pounds), as a result of continued low plant recoveries during the quarter. Cauquenes material was still being extracted from the same low quality, high fines extraction zone that adversely affected Q1-2019 production.

• Copper production is comprised of 8.2 million pounds from Cauquenes (Q2-2018: 9.2 million pounds) and 5.1 million pounds from fresh tailings (Q2-2018: 5.5 million pounds).

• Molybdenum production was 0.2 million pounds (Q2-2018: 0.4 million pounds). The material processed in the molybdenum plant in recent months has also been very fine, negatively affecting production.

• Cash cost (a non-GAAP measure equal to the aggregate of smelting and refining charges, tolling/production costs net of inventory adjustments and administration costs, net of by-product credits) increased to $1.97/lb (Q2-2018: $1.71/lb).

• Total cost (a non-GAAP measure equal to the aggregate of cash cost, DET notional copper royalties and DET molybdenum royalties of $0.65/lb and depreciation of $0.33/lb) increased to $2.95/lb (Q2-2018: $2.74/lb), due to higher cash cost and depreciation, mitigated by lower DET notional royalties from lower metal prices.

Production at MVC is ramping up following completion of the new Cauquenes extraction sump

• MVC completed the construction of a new, deeper Cauquenes extraction sump which became operational on July 6, 2019. The sump has a depth of 48 meters and has enabled MVC to regain access to coarser material with better grades and better recoveries. Further plant optimization is still in progress.

• MVC has also installed and is operating its new concentrate regrind mill, thus completing the Cauquenes Phase II expansion.

• MVC expects its 2019 annual production to be 70 – 75 million pounds of copper and 1.5 million pounds of molybdenum at a cash cost of $1.60 to $1.75/lb. Amerigo’s financial performance in 2019 will be highly dependent on MVC meeting its production goals and recovery targets.

• In 2019, MVC continues to expect to incur $5.8 million in sustaining Capex, in addition to $3.1 million in Capex payments from the Phase Two expansion.

MVC’s average copper price in Q2-2019 was $2.67/lb

• MVC’s copper price was $2.67per pound (“/lb”) (Q2-2018: $3.16/lb) and MVC’s molybdenum price was $11.84/lb (Q2-2018: $11.51/lb).

• Revenue was $22.7 million (Q2-2018: $33.0 million), including copper tolling revenue of $20.5 million (Q2-2018: $29.2 million) and molybdenum revenue of $2.2 million (Q2-2018: $3.8 million).

• Copper tolling revenue is calculated from MVC’s gross value of copper produced of $37.3 million (Q2-2018: $44.5 million) and negative fair value adjustments to settlement receivables of $3.2 million (Q2-2018: positive adjustments of $0.6 million, less notional items including DET royalties of $8.3 million (Q2-2018: $10.6 million), smelting and refining of $4.8 million (Q2-2018: $4.7 million) and transportation of $0.5 million (Q2-2018: $0.5 million).

• MVC’s financial performance is very sensitive to changes in copper prices. MVC’s Q2-2019 provisional copper price was $2.67/lb, and final prices will be the average London Metal Exchange (“LME”) prices for July, August and September 2019. A 10% increase or decrease from the $2.67/lb provisional price used at June 30, 2019 would result in a $3.6 million change in revenue in Q3-2019 in respect of Q2-2019 production.

• Amerigo remains fully leveraged to the price of copper.

Cash balance at quarter end was $8.4 million

• At June 30, 2019 the Company’s cash balance was $8.4 million (December 31, 2018: $21.3 million).

• MVC completed its scheduled semi-annual bank repayment, reducing borrowings to $57.6 million.

• At June 30, 2019, the Company had a $33.3 million working capital deficiency (December 31, 2018: $16.9 million), caused by the then estimated $25.7 million in scheduled bank debt repayments payable within a year.

• Subsequent to June 30, 2019, the Company received a Commitment Letter from and executed a Financing Mandate Agreement with Scotiabank Chile to refinance MVC’s loans (refer to Amerigo’s news release of August 6, 2019). Under the proposed terms and conditions set out in the Commitment Letter, Scotiabank Chile is to arrange a four-year senior secured term loan facility (the “New Facility”) of up to $56.5 million on a best efforts basis. Scotiabank Chile has committed to underwrite 50% of the New Facility, up to US$28.25 million, as it has received firm credit approval. Proceeds from the New Facility will be used to refinance MVC’s existing loans and to finance transaction related costs. Closing of the New Facility is expected in Q3-2019.

• Amerigo does not consider that its working capital deficiency constitutes a significant liquidity risk, as it anticipates generating operating cash flow to meet current liabilities as they come due, assuming copper prices remain at levels above $2.60/lb.

Investor Conference Call on August 9, 2019

Amerigo’s quarterly investor conference call will take place on Friday August 9, 2019 at 11:00 am Pacific Standard Time/2:00 pm Eastern Standard Time.

To join the call, please dial 1-800-273-9672 (Toll-Free North America) and let the operator know you wish to participate in the Amerigo Resources conference call.

The analyst and investment community are welcome to ask questions to management. Media can attend on a listen-only basis.

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 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; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX.

For further information, please contact:

• Rob Henderson, President and CEO (604) 697-6203
• Aurora Davidson, Executive Vice-President and CFO (604) 697-6207

The information and data contained in this news release should be read in conjunction with the Company’s Condensed Interim Consolidated Financial Statements (Unaudited) and Management’s Discussion and Analysis (“MD&A) for the three and six months ended June 30, 2019 and the Audited Consolidated Financial Statements and MD&A for the year ended December 31, 2018, available at the Company’s website www.amerigoresources.com and at www.sedar.com.

Key performance metrics for the current and comparative quarter

1 Copper production conducted under a tolling agreement with DET.
2 Revenue reported net of notional items (smelting and refining charges, DET notional copper royalties and transportation costs).
3 At June 30, 2019, comprised of short and long-term portions of $25.7 and $31.9 million respectively.
4 MVC’s copper price is the average notional copper price for the period, before smelting and refining, DET notional copper royalties, transportation costs and settlement adjustments to prior period sales.
5 MVC’s molybdenum price is the average realized molybdenum price in the period, before roasting charges and settlement adjustments to prior period sales


Cautionary Statement on Forward Looking Information
This news release contains certain forward-looking information and statements as defined in applicable securities laws (collectively referred to as "forward-looking statements"). These statements relate to future events or Amerigo’s future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "should", "believe" and similar expressions is intended to identify forward-looking statements. Although Amerigo believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond Amerigo’s control, Amerigo cannot assure that it will achieve or accomplish the expectations, beliefs or projections described in the forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such statements. These forward-looking statements speak only as of the date of this news release. These forward-looking statements include but are not limited to, statements concerning:
• the New Facility, including the expectation to use the proceeds of the New Facility to restructure the MVC bank loans during Q3-2019;
• the Company’s expectation that MVC’s performance will improve as a result of MVC having completed construction of a deep level extraction sump and the concentrate regrind mill;
• a forecasted increase in production and a reduction in operating costs;
• our strategies and objectives;
• the expected improvement of flotation recovery efficiency from the Phase Two expansion;
• our estimates of the availability, quantity and grade of tailings (including, but not limited to, the estimated higher grades and recoveries from the Cauquenes deposit), and the quality of our mine plan estimates;
• prices and price volatility for copper and other commodities and of materials we use in our operations;
• the demand for and supply of copper and other commodities and materials that we produce, sell and use;
• sensitivity of our financial results and share price to changes in commodity prices;
• our financial resources and our expected ability to meet our obligations for the next 12 months;
• interest and other expenses;
• domestic and foreign laws affecting our operations;
• our tax position and the tax rates applicable to us;
• the timing and costs of tolling/production;
• our ability to procure or have access to financing and to comply with loan covenants;
• the probability of DET exercising any of its early exit options under the Master Agreement;
• the production capacity of our operations, our planned production levels and future production;
• potential impact of production and transportation disruptions;
• hazards inherent in the mining industry causing personal injury or loss of life, severe damage to or destruction of property and equipment, pollution or environmental damage, claims by third parties and suspension of operations
• our planned Capex (including our plan to upgrade our existing plant and operations) including the timing and cost of completion of our capital projects;
• estimates of asset retirement obligations and other costs related to environmental protection;
• our future capital and production costs, including the costs and potential impact of complying with existing and proposed environmental laws and regulations in the operation and closure of our operations;
• repudiation, nullification, modification or renegotiation of contracts;
• our financial and operating objectives;
• our environmental, health and safety initiatives;
• the outcome of legal proceedings and other disputes in which we may be involved;
• the outcome of negotiations concerning metal sales, treatment charges and royalties;
• disruptions to the Company's information technology systems, including those related to cybersecurity;
• our dividend policy; and
• general business and economic conditions.

Inherent in forward-looking statements are risks and uncertainties beyond our ability to predict or control, including risks that may affect our operating or capital plans; risks generally encountered in the permitting and development of mineral projects such as unusual or unexpected geological formations, negotiations with government and other third parties, unanticipated metallurgical difficulties, delays associated with permits, approvals and permit appeals, ground control problems, adverse weather conditions, process upsets and equipment malfunctions; risks associated with labour disturbances and availability of skilled labour and management; fluctuations in the market prices of our principal commodities, which are cyclical and subject to substantial price fluctuations; risks created through competition for mining projects and properties; risks associated with lack of access to markets; risks associated with availability of and our ability to obtain both tailings from DET’s current production and historic tailings from tailings deposit; the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions; mine plan estimates; risks posed by fluctuations in exchange rates and interest rates, as well as general economic conditions; risks associated with environmental compliance and changes in environmental legislation and regulation; risks associated with our dependence on third parties for the provision of critical services; risks associated with non-performance by contractual counterparties; title risks; social and political risks associated with operations in foreign countries; risks of changes in laws affecting our operations or their interpretation, including foreign exchange controls; and risks associated with tax reassessments and legal proceedings. Many of these risks and uncertainties apply not only to the Company and its operations, but also to Codelco and its operations. Codelco’s ongoing mining operations provide a significant portion of the materials the Company processes and its resulting metals production, therefore these risks and uncertainties may also affect their operations and in turn have a material effect on the Company.
Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about:
• the proposed indicative terms for the New Facility being the terms ultimately agreed to between the parties and Scotiabank Chile being able to secure an additional lender for the New Facility, and the parties being able to close the New Facility during Q3-2019.
• general business and economic conditions;
• interest rates;
• commodity (and in particular, copper) and power prices;
• acts of foreign governments and the outcome of legal proceedings;
• the supply and demand for, deliveries of, and the level and volatility of prices of copper and other commodities and products used in our operations;
• the ongoing supply of material for processing from Codelco’s current mining operations;
• the ability of the Company to profitably extract and process material from the Cauquenes tailings deposit;
• the timing of the receipt of and retention of permits and other regulatory and governmental approvals;
• the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions;
• our costs of production and our production and productivity levels, as well as those of our competitors;
• changes in credit market conditions and conditions in financial markets generally;
• our ability to procure equipment and operating supplies in sufficient quantities and on a timely basis;
• the availability of qualified employees and contractors for our operations;
• our ability to attract and retain skilled staff;
• the satisfactory negotiation of collective agreements with unionized employees;
• the impact of changes in foreign exchange rates and capital repatriation on our costs and results;
• engineering and construction timetables and capital costs for our expansion projects;
• costs of closure of various operations;
• market competition;
• the accuracy of our preliminary economic assessment (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based;
• tax benefits and tax rates;
• the outcome of our copper concentrate sales and treatment and refining charge negotiations;
• the resolution of environmental and other proceedings or disputes;
• the future supply of reasonably priced power;
• our ability to obtain, comply with and renew permits and licenses in a timely manner; and
• our ongoing relations with our employees and entities with which we do business.
Future production levels and cost estimates assume there are no adverse mining or other events which significantly affect budgeted production levels.
We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements. Except as required by law, we undertake no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise.

Rob Henderson
Amerigo Resources Ltd.
604-697-6203
email us here


Source: EIN Presswire

Trace-A-Matic Continues to Invest in New Machining Technology

Smart Lathe Cell Installation at Trace-a-Matic North

Smart Lathe Cell Installation at Trace-a-Matic North

Trace-A-Matic Logo

Trace-A-Matic Logo

New CNC machining centers provide increased efficiency and accuracy.

BROOKFIELD, WI, USA, August 7, 2019 /EINPresswire.com/ — CNC machining Trace-A-Matic Corporation has installed two new Smart NL 3000BL 2-axis CNC lathes in Plant 5 at their Brookfield, WI location. The identically configured centers feature 47 HP – 2,800 RPM precision geared-head spindles, a 27.6" swing over bed – 20.1" over cross slide, magazines holding 12 tools, with a part turning diameter of 18.9" x length 43.3" maximum, and a 4.06" bar capacity. The new machines replace existing equipment being retired at the 116,000 square foot facility. The newly installed cell will primarily serve the oil & gas and defense industries, as well as general machining jobs.

"Trace-A-Matic is in a continuous state of process improvement. Our customers demand machining excellence, and Trace is determined to deliver on that," Thorsten Wienss, CEO of Trace-A-Matic, said in a statement. "Our talented people are well trained and equipped with the latest machining technology resulting in exceptional parts and fabrications. It's a business formula that continues to work well for us and more importantly, our customers."

About Trace-A-Matic Corporation
Trace-A-Matic machines precision parts and assemblies for manufacturers in the aerospace, defense & military, food processing & pharmaceutical, heavy equipment, medical equipment, mining, oil & gas, power generation, transportation, and general industrial markets. The company’s state-of-the-art facilities use the latest CNC manufacturing technologies to produce complex and intricate components that meet or exceed the most critical tolerances. They machine parts from castings, weldments, forgings, tubing and bar stock that range in weight from 1 pound to 15,000 pounds.

Trace-A-Matic was established in 1968 and has evolved into a multi-facility operation with locations in Brookfield, WI and Houston, TX serving the US and international customers. They employ a highly skilled workforce of 200+ people that operate 120+ precision machining centers in a combined climate-controlled environment of 300,000+ square feet.

Visit https://www.traceamatic.com/news/manufacturing-efficiency/Smart-NL-3000BL-Lathe-Cell-Installation.html for more information.

Trace-A-Matic North – Headquarters
21125 Enterprise Avenue
Brookfield, WI 53045, USA
https://www.traceamatic.com
sales@traceamatic.com
+1-262-797-7300

Trace-A-Matic South
7210 Empire Central Drive
Houston, TX 77040, USA
+1-713-538-1370

Ron Fladwood
Trace-A-Matic
+1 262-797-7300
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn


Source: EIN Presswire

Executed Mandate Agreement with Scotiabank Chile to Refinance MVC Debt Facilities

VANCOUVER, BRITISH COLUMBIA, CANADA, August 6, 2019 /EINPresswire.com/ — Executed Mandate Agreement with Scotiabank Chile to Refinance MVC Debt Facilities

Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") is pleased to announce that its wholly-owned Chilean subsidiary, Minera Valle Central S.A. (“MVC”), has received a commitment letter from Scotiabank Chile (“the Commitment Letter”) and has executed a financing mandate agreement with Scotiabank Chile (the “Financing Mandate Agreement”) to refinance MVC’s existing debt facilities, obtained in 2015 and 2017 to finance the Cauquenes expansion (the “Existing Loans”). The Existing Loans currently have a balance of US$56.25 million plus interest accrued from July 1, 2019 and a term to December 31, 2021.

Under the proposed terms and conditions set out in the Commitment Letter, Scotiabank Chile is to arrange a four-year senior secured term loan facility (the “New Facility”) of up to US$56.5 million on a best efforts basis. Scotiabank Chile has committed to underwrite 50% of the New Facility, up to US$28.25 million, as it has received firm credit approval. Closing of the New Facility is expected in Q3 2019.

Proceeds from the New Facility will be used to refinance the Existing Loans and to finance transaction related costs.
Rob Henderson, Amerigo’s President and CEO, stated “We are pleased with the progress made to refinance MVC’s existing debt facilities in a way that would provide more flexibility and reduce liquidity exposure to the Company. We value our strategic relationship with MVC’s lenders and look forward to continuing our ongoing relationship with them.”

The New Facility remains subject to the fulfillment of conditions including the following: a) completion of customary due diligence by the lenders; b) the preparation, execution and delivery of loan documentation that incorporates substantially the terms and conditions set out in the Commitment Letter; c) there having been no material adverse change in the business, financial condition, operational results and property of MVC or in the credit or financial markets of Chile and/or internationally which according to Scotiabank Chile may impede or affect substantially the ability of granting the New Facility; d) the payment by MVC of all applicable expenses, fees, commissions, taxes and levies related to the transaction; e) the accuracy and integrity in substance of all statements and information that MVC publishes or provides to Scotiabank Chile; f) compliance with all applicable laws and regulations; and g) the consummation of the transaction on terms and conditions and pursuant to documentation satisfactory to Scotiabank Chile.


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 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; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX.

For further information, please contact:

• Rob Henderson, President and CEO (604) 697-6203
• Aurora Davidson, Executive Vice-President and CFO (604) 697-6207

Cautionary Statement on Forward-Looking Information
This news release contains certain forward-looking information and statements as defined in applicable securities laws (collectively referred to as "forward-looking statements"). These statements relate to future events or Amerigo’s future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "should", "believe" and similar expressions is intended to identify forward-looking statements. Although Amerigo believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond Amerigo’s control, Amerigo cannot assure that it will achieve or accomplish the expectations, beliefs or projections described in the forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such statements.

These forward-looking statements speak only as of the date of this news release. These forward-looking statements include but are not limited to, statements concerning the New Facility, including the securing of an additional lender for the New Facility, the expectation to close the New Facility during Q3 and the intended use of the proceeds from the New Facility.

Inherent in forward-looking statements are risks and uncertainties beyond our ability to predict or control, including risks that may affect our operating or capital plans; risks generally encountered in the permitting and development of mineral projects such as unusual or unexpected geological formations, negotiations with government and other third parties, unanticipated metallurgical difficulties, delays associated with permits, approvals and permit appeals, ground control problems, adverse weather conditions, process upsets and equipment malfunctions; risks associated with labour disturbances and availability of skilled labour and management; fluctuations in the market prices of our principal commodities, which are cyclical and subject to substantial price fluctuations; risks created through competition for mining projects and properties; risks associated with lack of access to markets; risks associated with availability of and our ability to obtain both tailings from DET’s current production and historic tailings from tailings deposit; the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions; mine plan estimates; risks posed by fluctuations in exchange rates and interest rates, as well as general economic conditions; risks associated with environmental compliance and changes in environmental legislation and regulation; risks associated with our dependence on third parties for the provision of critical services; risks associated with non-performance by contractual counterparties; title risks; social and political risks associated with operations in foreign countries; risks of changes in laws affecting our operations or their interpretation, including foreign exchange controls; and risks associated with tax reassessments and legal proceedings. Many of these risks and uncertainties apply not only to the Company and its operations, but also to Codelco and its operations. Codelco’s ongoing mining operations provide a significant portion of the materials the Company processes and its resulting metals production, therefore these risks and uncertainties may also affect their operations and in turn have a material effect on the Company.

Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about:
• the proposed indicative terms for the New Facility being the terms ultimately agreed to between the parties;
• general business and economic conditions;
• interest rates;
• changes in commodity and power prices;
• acts of foreign governments and the outcome of legal proceedings;
• the supply and demand for, deliveries of, and the level and volatility of prices of copper and other commodities and products used in our operations;
• the ongoing supply of material for processing from Codelco’s current mining operations;
• the ability of the Company to profitably extract and process material from the Cauquenes tailings deposit;
• the timing of the receipt of and retention of permits and other regulatory and governmental approvals;
• the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions;
• our costs of production and our production and productivity levels, as well as those of our competitors;
• changes in credit market conditions and conditions in financial markets generally;
• our ability to procure equipment and operating supplies in sufficient quantities and on a timely basis;
• the availability of qualified employees and contractors for our operations;
• our ability to attract and retain skilled staff;
• the satisfactory negotiation of collective agreements with unionized employees;
• the impact of changes in foreign exchange rates and capital repatriation on our costs and results;
• engineering and construction timetables and capital costs for our expansion projects;
• costs of closure of various operations;
• market competition;
• the accuracy of our preliminary economic assessment (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based;
• tax benefits and tax rates;
• the outcome of our copper concentrate sales and treatment and refining charge negotiations;
• the resolution of environmental and other proceedings or disputes;
• the future supply of reasonably priced power;
• our ability to obtain, comply with and renew permits and licenses in a timely manner; and
• our ongoing relations with our employees and entities with which we do business.

Future production levels and cost estimates assume there are no adverse mining or other events which significantly affect budgeted production levels.

We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements. Except as required by law, we undertake no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise.

Rob Henderson
Amerigo Resources Ltd.
604-697-6203
email us here


Source: EIN Presswire

West Virginia Mesothelioma Victims Center Now Appeals to A Person with Mesothelioma in Wheeling or Anywhere in West Virginia To Call for Direct Access To Attorney Erik Karst of Karst von Oiste-Get The Best Compensation

"We are also appealing to a person with mesothelioma in West Virginia to call us at 800-714-0303 about making a list of their exposures to asbestos-This is the foundation of the Compensation Claim.”

— West Virginia Mesothelioma Victims Center

WHEELING , WEST VIRGINIA, USA, August 2, 2019 /EINPresswire.com/ — The West Virginia Mesothelioma Victims Center says, "We are appealing to a person with mesothelioma in Wheeling or anywhere in Ohio or Marshall Counties West Virginia or their family members to call us anytime at 800-714-0303. We know the Ohio River Valley well and we want to do everything possible to make certain a person with mesothelioma in West Virginia receives the very best possible financial compensation and we would also like to assist with medical treatment options as well. To get the financial compensation job done we have endorsed the law firm of Karst von Oiste-because they get the best possible client compensation results.

"If a person with mesothelioma in Wheeling or anywhere in West Virginia would like to talk to a national expert about mesothelioma compensation usually we can have them talking directly with Erik Karst the founding partner of the law firm of Karst von Oiste within twenty or thirty minutes. Trust us-talking directly with Erik will be much more informative that a 'free' book about mesothelioma as we would be happy to discuss anytime at 800-714-0303. www.karstvonoiste.com/

The West Virginia Mesothelioma Victims Center wants to emphasize that once a person with mesothelioma in West Virginia or their family members retain the services of a law firm they are stuck with them. If the law firm is inexperienced or has misrepresented their capabilities the person with mesothelioma could lose out on hundreds of thousands of dollars in financial compensation as they would like to explain. The group is also appealing to a person with mesothelioma anywhere in West Virginia to call them at 800-714-0303 about making a list of their various exposures to asbestos-because it is this information that becomes the compensation claim. https://WestVirginia.MesotheliomaVictimsCenter.Com

The West Virginia Mesothelioma Victims Center’s services are available to a person with mesothelioma or asbestos exposure lung cancer throughout West Virginia including communities such as Wheeling, Morgantown, Martinsburg, Charleston, Huntington, and Fairmont.” https://westvirginia.mesotheliomavictimscenter.com/

The West Virginia Mesothelioma Victims Center is also incredibly focused on making certain a diagnosed victim in the Mountain State has the best treatment options. Two of the better options for diagnosed victims in West Virginia include the Mary Babb Randolph Cancer Center in Morgantown, or the University of Pittsburgh’s Cancer Institute:

* The Mary Babb Randolph Cancer Center Morgantown, West Virginia: https://www. wvucancer.org/.#sthash. lf6xcXiQ.dpuf

* The University of Pittsburgh Cancer Institute Pittsburgh, Pennsylvania: https://www.upmccancercenter.com/

The states indicated with the highest incidence of mesothelioma include Maine, Massachusetts, Connecticut, Maryland, New Jersey, Pennsylvania, Ohio, West Virginia, Virginia, Michigan, Illinois, Minnesota, Louisiana, Washington, and Oregon.

High-risk work groups for exposure to asbestos in West Virginia include US Navy Veterans, power plant workers, oil refinery workers, steel mill workers, coal miners, manufacturing, or industrial workers, plumbers, electricians, auto mechanics, machinists, miners, or construction workers. Typically, the exposure to asbestos occurred in the 1950’s, 1960’s, 1970’s, or 1980’s. www.karstvonoiste.com/

For more information about mesothelioma please refer to the National Institutes of Health’s web site related to this rare form of cancer: https://www.cancer.gov/types/mesothelioma.

Michael Thomas
West Virginia Mesothelioma Victims Center
+1 800-714-0303
email us here


Source: EIN Presswire