79 Distribution – Disrupting The Global Gold Bullion Marketplace

Global marketing partner of Dubai based Phoenix Precious Metals ready to deliver on innovative new Gold Bullion product offerings

LONDON, UNITED KINGDOM, May 14, 2020 /EINPresswire.com/ — 79 Distribution of Dubai and London originally announced its exclusive global marketing partnership with Phoenix Precious Metals of Dubai back on 17th March 2020. Less than 2 months later, 79 Distribution have now launched their new website (www.79distribution.com) showcasing an exciting portfolio of innovative gold bullion offerings backed by Phoenix Precious Metals.

These include:

Advance Purchase of Discounted Gold (APDG)
Purchase LMBA gold bullion at a substantial effective discount, with delivery in monthly installments over a 24 month period. Secure storage costs included.

Direct Gold Bullion Purchase
Retail purchase of physical gold bullion (LBMA fine bars) with immediate delivery and competitive pricing. Starting at 1KG.

Trade Gold Bullion Supply
Supply for Trade Buyers of LBMA fine bars on a payment on confirmed delivery basis. Initial delivery time of 7-10 days. Weekly on subsequent orders.

Further details can be seen at www.79distribution.com or interested parties can contact Kevin Hart on +44 (0)207 549 3658 or by emailing enquiries@79distribution.com

Kevin Hart
79 Distribution Ltd
+44 20 7549 3658
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn


Source: EIN Presswire

Minnesota US Navy Veterans Lung Cancer Advocate Has Endorsed the Lawyers at Karst von Oiste to Assist A Navy Veteran or Person with Lung Cancer in Minnesota to Get Compensated-If they Had Exposure to Asbestos

"If your husband,or friend has lung cancer and you are certain they had heavy exposure to asbestos decades ago please have them call 800-714-0303 for direct access to the lawyers at Karst von Oiste.”

— Minnesota US Navy Veterans Lung Cancer Advocate

MINNEAPOLIS , MINNESOTA , USA, May 14, 2020 /EINPresswire.com/ — The Minnesota US Navy Veterans Lung Cancer Advocate says, "We have endorsed to remarkable lawyers at the law firm of Karst von Oiste to assist a Navy Veteran or person with lung cancer in Minnesota with what could be significant compensation-if the person had significant exposure to asbestos in the navy or at work prior to 1982. Most people with lung cancer do not realize the $30 billion dollar-asbestos trust funds were set up for people with lung cancer-who also had significant exposure to asbestos. Even if the person smoked cigarettes the compensation for them could exceed $100,000.

"The law firm of Karst von Oiste is a national law firm focused on representing people with asbestos exposure lung cancer and mesothelioma and they have been assisting people like this for decades. The lawyers at Karst von Oiste are responsible for over a billion dollars in financial compensation settlement results for people with asbestos exposure lung cancer and mesothelioma and they work overtime for their clients. If your husband, dad or friend has lung cancer and you are certain they had heavy exposure to asbestos decades ago please have them call 800-714-0303 for direct access to the lawyers at Karst von Oiste." www.karstvonoiste.com/

The Minnesota US Navy Veterans Lung Cancer Advocate is offering to assist a Navy Veteran or person with asbestos exposure lung cancer in Minnesota to organize the how, where and when they were exposed to asbestos. They call this free service the 'list' and it is this vital information that becomes the foundation for a compensation claim as the would be happy to explain at 800-714-0303. https://Minnesota.USNavyLungCancer.Com

The Minnesota US Navy Veterans Lung Cancer Advocate’s free services are available to people with asbestos exposure lung cancer or mesothelioma in Minneapolis, Saint Paul, Rochester, Duluth, Bloomington, Brooklyn Park, Plymouth, Saint Cloud or anywhere in Minnesota. https://Minnesota.USNavyLungCancer.Com

High-risk work groups for exposure to asbestos in Minnesota include Veterans of the US Navy, a worker at one of dozens of power plants in Minnesota, factory workers, welders, millwrights, pipefitters, industrial workers, public utility workers, plumbers, electricians, boiler technicians, auto mechanics, machinists, iron ore miners, and construction workers. Typically, the exposure to asbestos occurred in the 1950’s, 1960’s, 1970’s, or 1980’s. www.karstvonoiste.com/

According to the American Cancer Society for nonsmokers who have been exposed to asbestos in their workplace the risk of lung cancer is five times that of unexposed workers. https://www.cdc.gov/cancer/lung/statistics/index.htm.

The US Navy Veterans Lung Cancer Advocate says, “If your husband, dad, coworker or neighbor has just been diagnosed with lung cancer and you know they had significant exposure to asbestos in the navy, at a shipyard or while working at a factory, at power plant, public utility, or as a plumber, electrician welder, mechanic or any kind of skilled trades group in any state please have them call us anytime at 800-714-0303. Most people like this never get compensated-even though the asbestos trust funds were set up for them too. We are trying to change this sad fact.” https://USNavyLungCancer.Com

States with the highest incidence of lung cancer include Kentucky, West Virginia, Maine, Tennessee, Mississippi, Ohio, Indiana, Louisiana, Arkansas, Missouri, North Carolina, Rhode Island, Alabama, and Delaware. www.karstvonoiste.com/

For more information about asbestos exposure please visit the NIH’s website on this topic: https://www.cancer.gov/about-cancer/causes-prevention/risk/substances/asbestos/asbestos-fact-sheet.

Michael Thomas
Minnesota US Navy Veterans Lung Cancer Advocate
+1 800-714-0303
email us here


Source: EIN Presswire

Chile’s Mining Ministry Praises Amerigo’s MVC Covid-19 Response

VANCOUVER, BRITISH COLUMBIA, CANADA, May 13, 2020 /EINPresswire.com/ — N.R. 2020-7

Chile’s Mining Ministry Praises Amerigo’s MVC Covid-19 Response

Amerigo Resources Ltd. (“Amerigo” or “the Company”) is pleased to report that on May 8, 2020, Chile’s Minister of Mining, Baldo Prokurica, visited the Company’s Chilean operation Minera Valle Central (“MVC”) to learn about the actions that MVC has implemented to protect the health of MVC’s workers and subcontractors, and maintain zero contagion at the operation amidst the Covid-19 global pandemic.

Following his visit, Mr. Prokurica commented “This is a company that has taken this issue very seriously with union leaders and workers, so that operations can continue. It is an example to follow.” He added “On behalf of President Sebastián Piñera, we wanted to greet you and ask you to continue taking measures to protect the life and health of your workers.” Mr. Prokurica also commented on the importance of having continuity of operations in the mining industry, which is “extremely necessary for the Chilean State to fulfill the commitments it has made with the country.”

MVC’s General Manager, Christian Cáceres, also commented “We have followed all the recommendations of the Chilean Ministry of Health and, additionally, we established a Covid19 Emergency Committee that operates every day and reviews how the situation is evolving in Chile. The main initiatives are focused on self-care, we have improved communications and hygiene measures, we have implemented social distancing in our operations, we changed our shift systems, we implemented teleworking for administrative personnel and applied countless measures to respond to the emergency, with very good results.”

About the Company:

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:
• Aurora Davidson, President, CEO and Interim CFO (604) 697-6207
• Klaus Zeitler, Executive Chairman (604) 697-6204

Auroa Davidson
Amerigo Resources Ltd.
+1 604-697-6207
email us here


Source: EIN Presswire

Amerigo Announces Appointment of New Director

VANCOUVER, BRITISH COLUMBIA, CANADA, May 12, 2020 /EINPresswire.com/ — N.R. 2020-6

Amerigo Announces Appointment of New Director

VANCOUVER, BRITISH COLUMBIA – May 12, 2020- Amerigo Resources Ltd. (TSX: ARG, "Amerigo" or the "Company") is pleased to announce the appointment of Michael Luzich to the Company’s board of directors (the “Board”) effective May 12, 2020.
Mr. Luzich is the founder of Luzich Partners LLC, a multi-strategy investment firm formed in 2013 and a significant shareholder in the Company.
Michael Luzich brings to the Board more than 30 years of investment and development expertise and has been founder and president of various investment, real estate and international trading companies. He attended Marquette University and is a graduate of the OPM program at the Harvard Business School.
Amerigo’s Executive Chairman, Dr. Klaus Zeitler, stated “I am pleased that Michael accepted our invitation to join the Board and I am convinced that Amerigo will benefit from his broad international experience in trading and corporate finance.”

About the Company:

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:
• Aurora Davidson, President, CEO and Interim CFO (604) 697-6207
• Klaus Zeitler, Executive Chairman (604) 697-6204

Auroa Davidson
Amerigo Resources Ltd.
+1 604-697-6207
email us here


Source: EIN Presswire

Covid-19 Impact on Global Emergency Management Software Market by Technology, Future Trends, Top Key Players and more…

A new market study, titled “Global Emergency Management Software Market Size, Status and Forecast 2020-2026”, has been featured on WiseGuyReports.

PUNE, MAHARASTRA, INDIA, May 11, 2020 /EINPresswire.com/ — Emergency Management Software Market

This report focuses on the global Emergency Management Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Emergency Management Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study
Everbridge
DisasterLAN
Dude
IBM
Veoci
ArcGIS
BeSafe
CoBRA
Priority
Crisis360
Resolver

Request Free Sample Report at https://www.wiseguyreports.com/sample-request/4890165-global-emergency-management-software-market-size-status-and-forecast-2020-2026

Market segment by Type, the product can be split into
Cloud Based
Web Based

Market segment by Application, split into
Large Enterprises
SMEs

Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Emergency Management Software status, future forecast, growth opportunity, key market and key players.
To present the Emergency Management Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

View Detailed Report at https://www.wiseguyreports.com/reports/4890165-global-emergency-management-software-market-size-status-and-forecast-2020-2026

About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

NORAH TRENT
WISE GUY RESEARCH CONSULTANTS PVT LTD
+1 646-845-9349
email us here


Source: EIN Presswire

AIPM national awards open, marking its 20th year

Project management peak body says the awards reflect achievements of diverse organisations and industries across Australia.

SYDNEY, NSW, AUSTRALIA, May 8, 2020 /EINPresswire.com/ — Australian Institute of Project Management (AIPM) announces the launch of the 2020 Project Management Achievement Awards (PMAAs), a yearly acknowledgement of the nation’s best project delivery specialists the awards promote the exceptional accomplishments of projects and individuals.

Established by AIPM in 2000, the PMAAs exist to recognise, honour, and promote outstanding achievements in program and project leadership. This year marks the 20th anniversary of the PMAAs, a significant milestone in the heritage and prestige of this national awards program in Australia.

Elizabeth Foley CEO of AIPM said ‘The Awards program continues to evolve as we see the calibre of entrants and standards of project management increase each year. In our 20th anniversary year, we have reviewed the program and award categories to reflect the increase in the quality of projects delivered in Australia, and the benchmark being set to reward these projects’.

‘Our awards need to continually represent and reward an increasingly diverse and complex submission and judging process, reflected in the exceptional projects awarded in 2019 to major organisations such as RPS, Aurecon and Lendlease’, said Ms Foley.

The 2019 Project of the Year awarded to Sir John Monash Centre reflects the diversity and breadth of projects recognised through the awards. ‘We are proud of the outstanding work and dedication of the project team in having achieved a world-class outcome. The PMAA provides a mechanism for recognition of the team’s success’, said David Freudigmann, Director, Global Project Solutions.

This year, several initiatives have been implemented to streamline the PMAA entry and submissions process and extend the awards categories to reflect the integrity and calibre set by the PMAA program over its 20-year history. Those changes include:
• Awards for the leadership and management of projects (10 categories)
• Awards for individual project management achievement (3 categories)
• Revised submission criteria.
• Reduced overall submission length.
• Pure online submission process
• Submissions can be made in only one category – entrants must select the most appropriate category for the project or individual.

All the info about this year’s program can be found via the Awards section of the AIPM website including ‘The Guide to Entry’.

Key dates for this year’s awards:
• 31 July 2020 – submissions close
• Late November 2020 – Chapter award presentations
• Early 2021 – National award presentations

For more information: https://www.aipm.com.au/awards/2020-project-management-achievement-awards
Elizabeth Foley, CEO of AIPM are available for comment on request.

Media Contact:
• Marcus Sandmann, Chief Marketing Officer, Australian Institute of Project Management
P: +61 411 877 643, E: msandmann@aipm.com.au

About AIPM
The Australian Institute of Project Management (AIPM) is the premier, longest-serving body for project management in Australia. We are recognised by Australian business, industry and government as the key promoter, developer, and leader in project management professionalism for over 40 years. AIPM is a member of the International Project Management Association (IPMA).
www.aipm.com.au

Marcus Sandmann
AIPM
+61 411877643
email us here


Source: EIN Presswire

Mount Polley Remediation Presentation at Society for Metallurgy, Mining & Exploration Conference

Mount Polley mine remediation and recovery

Remediation workers supervise the recovery at the Mount Polley mine

An account of Mount Polley's remediation and recovery efforts as part of its commitment to responsible resource development was presented by Dr. Lyn Anglin.

WILLIAMS LAKE, BC, CANADA, May 6, 2020 /EINPresswire.com/ — Dr. Lyn Anglin, PhD., PGeo, was invited to present at a tailings-focused session at the annual Society for Metallurgy, Mining & Exploration Conference (SME) this past February 2020.

Dr. Anglin has extensive experience in managing geoscience research. She was integral to the remediation process at the Mount Polley mine following the August 2014 breach of the tailings storage facility, in her capacity as Imperial Metals Chief Scientific Officer and Vice President Environmental Affairs from October 2014-December 2018.

Dr. Anglin provided an overview of the breach event and emergency response, and the subsequent remediation work and monitoring conducted by Mount Polley 2014-2019. In conjunction with the mount polley remediation work by the mine employees, the mine also worked with a team of specialized consultants, headed by consultant firm Golder, to undertake the environmental impact assessments, conduct detailed investigations and examine human health and ecological risk assessments. A remediation plan, compliant with regulators, has guided the mount polley recovery progress of the work to date.

SME is an annual conference with approx. 6000 industry professionals attending, including tailings and geotechnical engineers, tailings and water management professionals, consultants and students.

Brian Kynoch
Mount Polley Mining Corporation
+1 604-669-8959
email us here
Visit us on social media:
Facebook


Source: EIN Presswire

Amerigo Reports Q1-2020 Financial Results

VANCOUVER, BRITISH COLUMBIA, CANADA, May 6, 2020 /EINPresswire.com/ — May 6, 2020
N.R. 2020- 5

Amerigo Reports Q1-2020 Financial Results

• Net loss of $4.0 million ($0.02 LPS) after $5.3 million of negative copper settlement adjustments
• Net negative operating cash flow of $1.4 million
• Working capital deficiency of $27.7 million

VANCOUVER, BRITISH COLUMBIA – May 6, 2020/Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) announced financial results for the quarter ended March 31, 2020 (“Q1-2020”).

Quarterly financial performance was impacted by low copper prices as a result of the current global pandemic, which affected Q1-2020 copper revenue from MVC (Minera Valle Central, the Company’s 100% owned operation locater near Rancagua, Chile) and resulted in negative copper settlement adjustments of $5.3 million.

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

COVID-19 effect on financial results and ongoing uncertainty

• In March 2020, the World Health Organization declared a global pandemic related to COVID-19. The current and expected impacts from the pandemic on the global economy are anticipated to be far reaching. To date, there have been significant stock market declines, significant volatility in commodity and foreign exchange markets and the global movement of people and some goods has become restricted. There is significant ongoing uncertainty surrounding COVID-19 and the extent and duration of the impact that it may have on the demand and on the market prices of copper and molybdenum, and on global financial markets.

• The Company’s financial results were substantially impacted during Q1-2020 as a result of lower copper prices. Commodity market fluctuations resulting from COVID-19 may continue to impact the Company’s financial results and liquidity for some time.

• MVC has not experienced production interruptions or significant disruption to its supply chain because of the COVID-19 global pandemic.

Amerigo reported quarterly net loss of $4.0 million

• Net loss during Q1-2020 was $4.0 million (Q1-2019: $1.4 million), due to lower production and lower metal prices including the effect of negative fair value adjustments to copper receivables ($5.3 million negative adjustments in Q1-2020 compared to $2.1 million positive adjustments in Q1-2019).

• Copper price declined from an average price of $2.75 per pound (“/lb”) in December 2019 to an average price of $2.35/lb in March 2020 in response to the current global pandemic.

• Negative settlement adjustments result from “M+3” pricing, a customary in the trade practice under which final pricing for copper produced by MVC is determined based on the average London Metal Exchange (“LME”) copper price of the third month following delivery of copper. Of the $5.3 million in negative settlement adjustments recorded in Q1-2020, $3.0 million were final settlements for October, November and December 2019 production and $2.2 million were mark-to-market adjustments for Q1-2020 production to a copper price of $2.35 per pound.

• Loss per share during Q1-2020 was $0.02 (Q1-2019: $0.01).

• The Company had negative operating cash flow before changes in non-cash working capital of $4.1 million in Q1-2020 (Q1-2019: $5.2 million). Quarterly net operating cash flow was negative $1.4 million (Q1-2019: negative $1.4 million).

MVC produced 11.8 million pounds of copper during Q1-2020 (Q1-2019: 12.9 million pounds) at a cash cost of $1.94/lb (Q1-2019: $2.03/lb).

• Q1-2020 production was 11.8 million pounds of copper (Q1-2019: 12.9 million pounds) including 5.7 million pounds from historic tailings (“Cauquenes”) (Q1-2019: 8.4 million pounds), 5.1 million pounds from fresh tailings (Q1-2019: 4.6 million pounds) and 1.2 million pounds from slag processing (nil in Q1-2019).

• As anticipated, Q1-2020 Cauquenes production was lower than in Q1-2019 due to reduced processing rates to preserve water supply in response to drought conditions in central Chile. MVC had forecasted processing rates of 125,000 tonnes per day (“TPD”) for fresh tailings and 40,000 TPD for Cauquenes during H1-2020. Q1-2020 actual processing rates averaged 120,868 TPD for fresh tailings and 44,427 TPD for Cauquenes.

• Operating days in Q1-2020 were 77 for fresh tailings and 67 for Cauquenes due to scheduled annual plant maintenance shutdowns at MVC and El Teniente and unexpected plant stoppages due to downtime of one or more of MVC’s water thickeners in connection with work carried out to improve water recovery and equipment adjustments to handle higher density tailings. There have been no plant stoppages since March 3, 2020.

• MVC continues to advance on its plant optimization program.

• 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,) during Q1-2020 decreased to $1.94/lb (Q1-2019: $2.03/lb).

• Total cost (a non-GAAP measure equal to the aggregate of cash cost, Codelco’s Division El Teniente (“DET”) notional copper royalties and DET molybdenum royalties of $0.50/lb and depreciation of $0.44/lb) during Q1-2020 decreased to $2.88/lb (Q1-2019: $3.02/lb), due to lower cash cost and lower DET notional royalties from lower metal prices

MVC’s average copper price in Q1-2020 was $2.35/lb

• During Q1-2020, MVC’s copper price was $2.35/lb (Q1-2019: $2.92/lb) and MVC’s molybdenum price was $9.20/lb (Q1-2019: $11.11/lb).

• Revenue during Q1-2020 was $15.6 million (Q1-2019: $27.7 million), including copper tolling revenue of $13.3 million (Q1-2019: $25.5 million), molybdenum revenue of $1.7 million (Q1-2019: $2.2 million) and slag processing revenue of $0.7 million (Q1-2019: $nil).

• Copper tolling revenue is calculated from MVC’s gross value of copper produced during Q1-2020 of $27.2 million (Q1-2019: $36.4 million) and fair value adjustments to settlement receivables of ($5.3) million (Q1-2019: $2.1 million), less notional items including DET royalties of $5.2 million (Q1-2019: $8.1 million), smelting and refining of $3.0million (Q1-2019: $4.5 million) and transportation of $0.3 million (Q1-2019: $0.4 million).

• MVC’s financial performance is very sensitive to changes in copper prices. MVC’s Q1-2020 provisional copper price was $2.35/lb, and final prices will be the average LME prices for April, May and June 2020. A 10% increase or decrease from the $2.35/lb provisional price used at March 31, 2020 would result in a $2.5 million change in revenue in Q2-2020 in respect of Q1-2020 production.

At March 31, 2020, MVC had a working capital deficiency of $27.7 million

• At March 31, 2020, the Company held cash of $0.6 million (December 31, 2019: $7.2 million), with a working capital deficiency of $27.6 million (December 31, 2019: $15.1 million).

• The Company’s working capital position was severely affected by a sharp decline in copper prices during Q1-2020, which resulted in a reduction in cash receipts due to negative price settlement adjustments of $3.0 million and a decrease in amounts receivable of $2.3 million from mark-to-market adjustments. Also during Q1-2020, the Company made scheduled debt payments of $4.7 million and $1.6 million in interest payments, for a total of $6.3 million in scheduled cash payments to MVC’s lenders.

• The price of copper remains at levels where it is insufficient to cover the Company’s production costs, royalty obligations to DET, financial commitments and ongoing working capital requirements. These adverse conditions give rise to material uncertainties that may cast significant doubt as to the ability of the Company’s ability to meet its obligations as they come due and accordingly, the appropriateness of using accounting principles applicable to a going concern.

• In response to these circumstances, the Company has reduced operating costs, suspended most capital expenditures, structured deferred payment programs with key suppliers and is conducting discussions with the MVC lenders and with Codelco. There can be no assurance that these initiatives will be successful.

• The Company’s ability to continue as a going concern is dependent upon copper prices stabilizing and/or MVC’s ability to reduce operating costs and royalties, in order to generate positive cash flows from operations.

Investor Conference Call on May 7, 2020

Amerigo’s quarterly investor conference call will take place on Thursday May 7, 2020 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.

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 months ended March 31, 2020 and the Audited Consolidated Financial Statements and MD&A for the year ended December 31, 2019, available at the Company’s website at www.amerigoresources.com and at www.sedar.com.

For further information, please contact:

Aurora Davidson, President and CEO (604) 697-6207
Klaus Zeitler, Executive Chairman (604) 697-6204

Key performance metrics for the current and comparative quarter

1 Copper production conducted under a tolling agreement with DET, and in Q1-2020 a slag processing agreement with DET.
2 Revenue reported net of notional items (smelting and refining charges, DET notional copper royalties and transportation costs).
3 Operating cash flow before changes in non-cash working capital.
4 At March 31, 2020, comprised of short and long-term portions of $9.4 and $41.2 million respectively.
5 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.
6 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 the Company’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 the Company 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 the Company’s control, the Company 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 include but are not limited to, statements concerning:

• forecasted production, reductions in operating costs and an increase in recoveries;
• water supply risk to MVC as a result of extreme drought conditions in Chile;
• our strategies and objectives;
• our estimates of the availability and quantity of tailings, and the quality of our mine plan estimates;
• our estimates in respect of annual 2020 sustaining capital expenditures;
• the timing of completion of MVC’s projects to improve water recirculation;
• 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;
• our ability to comply with our loan covenants;
• 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
• 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; risks related to the potential impact of global or national health concerns, including COVID-19, and the inability of employees to access sufficient healthcare; government or regulatory actions or inactions; 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 Codelco’s Division El Teniente’s current production and historic tailings from tailings deposit; risks with respect to completion of all phases of the Cauquenes expansion, the ability of the Company to draw down funds from bank facilities and lines of credit, the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions, including all phases of the Cauquenes expansion; 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. Notwithstanding the efforts of the Company and MVC, there can be no guarantee that the Company’s or MVC’s staff will not contract COVID-19 or that the Company’s and MVC’s measures to protect staff from COVID-19 will be effective. 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:
• 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;
• 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;
• rainfall in the vicinity of MVC returning to normal levels;
• average recoveries for fresh tailings and Cauquenes tailings;
• 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.

Auroa Davidson
Amerigo Resources Ltd.
+1 604-697-6207
email us here


Source: EIN Presswire

Amerigo Announces Results of AGM and Election of New Director

VANCOUVER, BRITISH COLUMBIA, CANADA, May 5, 2020 /EINPresswire.com/ — May 5, 2020
N.R. 2020-4

Amerigo Announces Results of AGM and Election of New Director

VANCOUVER, BRITISH COLUMBIA – May 5, 2020- Amerigo Resources Ltd. (TSX: ARG, "Amerigo" or the "Company") announces the results of voting at its 2020 Annual General Meeting of Shareholders (the “AGM”) held on May 4, 2020 in Vancouver, British Columbia.

A total of 43,302,885 common shares were voted at the AGM, representing 23.95% of the votes attached to all outstanding common shares of the Company. Shareholders voted in favour of all items of business before the AGM, including the election of all director nominees as follows:

Name

Votes by Proxy For
Votes by Proxy Withheld
Percentage of Votes by Proxy For

Percentage of Votes by Proxy Withheld
Klaus Zeitler 43,120,767 99,961 99.77 0.23
Robert Gayton 43,126,967 93,761 99.78 0.22
Sidney Robinson 43,120,217 100,511 99.77 0.23
Alberto Salas 43,127,227 93,501 99.78 0.22
George Ireland 43,106,767 113,961 99.74 0.26
Aurora Davidson 43,098,927 121,801 99.72 0.28

Aurora Davidson, President, CEO and CFO of the Company, has joined the Company’s Board of Directors after having been elected as a director at the AGM.

Detailed voting results for the 2020 Annual General Meeting are available on SEDAR at www.sedar.com

______

About the Company:

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:
• Aurora Davidson, President, CEO and CFO (604) 697-6207
• Klaus Zeitler, Executive Chairman (604) 697-6204

Auroa Davidson
Amerigo Resources Ltd.
+1 604-697-6207
email us here


Source: EIN Presswire

Global Steel Sandwich Panels Market 2020 Industry Analysis, Size, Share, Growth, Trends & Forecast To 2026

Wiseguyreports.Com Adds “Steel Sandwich Panels – Global Market Growth, Opportunities, Analysis of Top Key Players & Forecast to 2026” To Its Research Database.

PUNE, MAHARASTRA, INDIA, May 5, 2020 /EINPresswire.com/ — Steel Sandwich Panels Market 2020

Report Summary:

The purpose of the report is to provide a comprehensive and detailed analysis for the industry Steel Sandwich Panels. The report takes 2020 as the base year and considers a wide range of factors affecting the industry to provide a forecast still the year 2026. The information provided by the report can be used by industry and market analysts as well as by people who have an interest in the industry. The data used in the report is reliable and accurate. Primary and secondary research has been conducted to collect the data. The data in the report has been analysed using a wide range of mathematical and statistical metrics so as to provide the users of the report with quantifiable numbers that can be used to compare the performance of the industry with others of the same type. Methods like Price Trend Analysis. SWOT, Porters 5 Forces have been made use to prepare the report and give a reliable analysis of the industry.

Steel sandwich panels are made of three layers: low density core inserted in between two relatively thin skin layers. The most used materials for cores are expanded polystyrene, polyurethane, phenolic aldehyde, mineral wool. Steel sandwich panel is widely used in various architectural constructions as roof, wall, etc.

Steel Sandwich Panels market is competitive and fragmented with a small number of large global firm, and thousands of smaller local companies, the concentration of this market is very low.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Steel Sandwich Panels 3900 market in 2020.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Steel Sandwich Panels market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Steel Sandwich Panels market.
The following manufacturers are covered in this report:
Kingspan
Metecno
Assan Panel
Isopan
NCI Building Systems
TATA Steel
ArcelorMittal
Romakowski
Lattonedil
RigiSystems
Silex
Isomec
GCS
Zhongjie Group
AlShahin
Nucor Building Systems
Tonmat
Marcegaglia
Italpannelli
Alubel
Changzhou Jingxue
Ruukki
Balex
Hoesch
Dana Group
Multicolor
Zamil Vietnam
BCOMS
Pioneer India
Panelco

Request Free Sample Report Steel Sandwich Panels industry outlook @ https://www.wiseguyreports.com/sample-request/5272027-covid-19-impact-on-global-steel-sandwich-panels

Steel Sandwich Panels Breakdown Data by Type
PUR/PIR Sandwich Panels
EPS Sandwich Panels
Mineral Wool Sandwich Panels
Steel Sandwich Panels Breakdown Data by Application
Residential Building
Industrial Building
Agricultural Building
Cold Storage

Ask any query on Steel Sandwich Panels market size, share, and volume @ https://www.wiseguyreports.com/enquiry/5272027-covid-19-impact-on-global-steel-sandwich-panels

If you have any special requirements, please let us know and we will offer you the report as you want.

Segmental Analysis: –

The industry Steel Sandwich Panels is segmented on the basis of the applications, end-users as well as the type of products and services it provides. The report therefore studies the industry on the basis of these segments. The report provides detailed data related to the applications that drive the growth of the industry. The report also discusses the products and services and their end-users who make a significant contribution to the revenue of the industry Steel Sandwich Panels. New product innovations by the industry are also talked about in the report.

Major Key Points from Table of Content:

1 Study Coverage
1.1 Steel Sandwich Panels Product Introduction
1.2 Market Segments
1.3 Key Steel Sandwich Panels Manufacturers Covered: Ranking by Revenue
1.4 Market by Type
1.4.1 Global Steel Sandwich Panels Market Size Growth Rate by Type
1.4.2 PUR/PIR Sandwich Panels
1.4.3 EPS Sandwich Panels
1.4.4 Mineral Wool Sandwich Panels
1.5 Market by Application
.……

11 Company Profiles
11.1 Kingspan
11.1.1 Kingspan Corporation Information
11.1.2 Kingspan Description, Business Overview and Total Revenue
11.1.3 Kingspan Sales, Revenue and Gross Margin (2015-2020)
11.1.4 Kingspan Steel Sandwich Panels Products Offered
11.1.5 Kingspan Recent Development
11.2 Metecno
11.2.1 Metecno Corporation Information
11.2.2 Metecno Description, Business Overview and Total Revenue
11.2.3 Metecno Sales, Revenue and Gross Margin (2015-2020)
11.2.4 Metecno Steel Sandwich Panels Products Offered
11.2.5 Metecno Recent Development
11.3 Assan Panel
11.3.1 Assan Panel Corporation Information
11.3.2 Assan Panel Description, Business Overview and Total Revenue
11.3.3 Assan Panel Sales, Revenue and Gross Margin (2015-2020)
11.3.4 Assan Panel Steel Sandwich Panels Products Offered
11.3.5 Assan Panel Recent Development
11.4 Isopan
11.4.1 Isopan Corporation Information
11.4.2 Isopan Description, Business Overview and Total Revenue
11.4.3 Isopan Sales, Revenue and Gross Margin (2015-2020)
11.4.4 Isopan Steel Sandwich Panels Products Offered
11.4.5 Isopan Recent Development
11.5 NCI Building Systems
11.5.1 NCI Building Systems Corporation Information
11.5.2 NCI Building Systems Description, Business Overview and Total Revenue
11.5.3 NCI Building Systems Sales, Revenue and Gross Margin (2015-2020)
11.5.4 NCI Building Systems Steel Sandwich Panels Products Offered
11.5.5 NCI Building Systems Recent Development
11.6 TATA Steel
11.6.1 TATA Steel Corporation Information
11.6.2 TATA Steel Description, Business Overview and Total Revenue
11.6.3 TATA Steel Sales, Revenue and Gross Margin (2015-2020)
11.6.4 TATA Steel Steel Sandwich Panels Products Offered
11.6.5 TATA Steel Recent Development
11.7 ArcelorMittal
11.7.1 ArcelorMittal Corporation Information
11.7.2 ArcelorMittal Description, Business Overview and Total Revenue
11.7.3 ArcelorMittal Sales, Revenue and Gross Margin (2015-2020)
11.7.4 ArcelorMittal Steel Sandwich Panels Products Offered
11.7.5 ArcelorMittal Recent Development
11.8 Romakowski
11.9 Lattonedil
11.10 RigiSystems

Continued…..

NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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NORAH TRENT
Wise Guy Reports
841-198-5042
email us here


Source: EIN Presswire