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NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
Production / Operations

Amerigo's MVC produces 14.6M lb Cu, 350,000 lb Mo in Q3

By The Northwire Desk — AI Analysis Oct 08, 2025 · 18:32 ARG · 3.00 Amerigo Resources Ltd.
ARG · Price

Executive Summary

  • Amerigo Resources now expects 2025 copper production of 60–61.5 million lbs, down 2‑5% from its original guidance of 62.9 million lbs, due to reduced fresh tailings throughput in August.
  • Q3 2025 MVC operation produced 14.6 million lbs of copper and 350,000 lbs of molybdenum; plant availability was 98.3% with no lost‑time accidents.
  • Cash cost guidance remains unchanged at $1.93 per lb, cash position is $28 M, and the company continues its capital return strategy, having returned $3.5 M in Q3 dividends.

Key Details

  • Production Impact: Accident at Codelco’s El Teniente mine halted fresh tailings for 10 days in August; MVC compensated by processing historic tailings, keeping September output on budget.
  • Revised Annual Copper Guidance: 60–61.5 M lbs (‑2% to ‑5% vs. original 62.9 M lbs).
  • Annual Molybdenum Guidance: Remains unchanged; YTD production of 970,000 lbs equals 75% of the 1.3 M‑lb target.
  • Q3 2025 Production Figures:
  • Copper: 14.6 M lbs
  • Molybdenum: 350,000 lbs
  • Plant Performance: Availability 98.3%; zero lost‑time accidents.
  • Cash Costs: Q3 cash cost $1.80/lb; YTD cash cost $1.93/lb (guidance unchanged).
  • Copper Pricing:
  • Average provisional price Q3: $4.54/lb (up from $4.42/lb in Q2)
  • LME average prices: July $4.44/lb, August $4.38/lb, September $4.51/lb, October to date $4.70/lb.
  • Molybdenum Pricing: Average price Q3 $24.11/lb (up from $20.44/lb in Q2).
  • Capital Returns: Q3 dividend $3.5 M; YTD total returned $15.6 M ($10.5 M dividends, $5.1 M buybacks).
  • Liquidity & Debt: Cash $28 M (down $7.9 M YoY); restricted cash $3.1 M; outstanding bank debt $7.5 M (down $4 M YoY).
  • Future Releases: Q3 2025 financial results to be released Oct 29, 2025; investor conference call scheduled for Oct 30, 2025 at 11 a.m. PT.

Notable Quotes

“Utilizing the tremendous flexibility of MVC's processing plant, our team has done an exceptional job increasing the processing of historic tailings and adjusting plant performance to minimize the continued impact from lower fresh tailings throughput.” – Aurora Davidson, President & CEO

“Notwithstanding MVC's agile response, the August production shortfall will likely prevent Amerigo from meeting its original annual production guidance… We currently expect to produce between 60 and 61.5 million pounds of copper in 2025.” – Aurora Davidson, President & CEO

Read the original news release →

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