Amerigo Resources (OTCMKTS:ARREF) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Amerigo Resources (OTCMKTS:ARREF) issued its earnings results on Wednesday. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.08, Zacks reports.

Amerigo Resources Stock Performance

Amerigo Resources stock traded up $0.13 on Wednesday, hitting $5.58. 10,227 shares of the stock traded hands, compared to its average volume of 179,205. The business’s fifty day simple moving average is $5.91 and its 200 day simple moving average is $4.85. Amerigo Resources has a 1 year low of $2.08 and a 1 year high of $6.46.

Amerigo Resources Company Profile

Amerigo Resources Ltd. is a Canadian mining company focused on the production of copper and molybdenum. Through its Chilean subsidiary, Minera Valle Central (MVC), the company recovers these metals from fresh and historical tailings generated by Codelco’s El Teniente underground copper mine.

MVC operates near Rancagua, in Chile’s O’Higgins Region, and uses mineral-processing facilities to reprocess tailings and extract additional copper and molybdenum. This approach allows Amerigo to produce metals from previously mined material rather than operating a conventional greenfield mine.

Amerigo acquired its interest in MVC in 2003 and has expanded and improved the operation over time.