Amerigo Announces Q4 2008 Production Results
VANCOUVER,
BRITISH COLUMBIA � January 30/CNW/ - Amerigo Resources Ltd. (TSX:ARG,
"Amerigo" or the "Company") announced today that during
Q4-2008 Amerigo produced a total of 9.53 million pounds of copper and 211,729
pounds of molybdenum, compared to 9.52 million pounds of copper and 157,630
pounds of molybdenum in Q4-2007. The Company will book Q4-2008 copper
sales at $1.31/lb. (December 31, 2008 price), compared to Q3-2008 sales which
were booked at $2.81/lb (September 30, 2008 price).
The
Company's power costs averaged $0.1415/kwh during the quarter, compared to
$0.1703/kwh in Q3-2008.
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Amerigo
Resources Ltd. is a Canadian company producing copper and molybdenum from its
MVC operations near Santiago, Chile. Tel: (604) 681-2802; Fax: (604)
682-2802; Web: www.amerigoresources.com
; Listing: ARG:TSX
For further
information, please contact:
Dr. Klaus
Zeitler, President (604) 681-2802, (604)
218-7013
Amerigo Resources Ltd.
Certain of
the information and statements contained herein that are not historical
facts, constitute �forward-looking information� within the meaning of the
Securities Act (Ontario) and the Securities Act (Alberta) (�Forward-Looking
Information�). Forward-Looking Information is often, but not always,
identified by the use of words such as �seek�, �anticipate�, �believe�,
�plan�, �estimate�, �expect� and �intend�; statements that an event or result
is �due� on or �may�, �will�, �should�, �could�, or might� occur or be achieved;
and, other similar expressions. More specifically, Forward-Looking
Information contained herein includes, without limitation, information
concerning future tailings production volumes and the Company's copper and
molybdenum production, all of which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such Forward-Looking Information; including, without
limitation, material factors and assumptions relating to, and risks and
uncertainties associated with, the supply of tailings from El Teniente and
extraction of tailings from the Colihues tailings impoundment, the
achievement and maintenance of planned production rates, the evolving legal
and political policies of Chile, the volatility in the Chilean economy,
military unrest or terrorist actions, metal price fluctuations, favourable
governmental relations, the availability of financing for activities when
required and on acceptable terms, the estimation of mineral resources and
reserves, current and future environmental and regulatory requirements, the
availability and timely receipt of permits, approvals and licenses,
industrial or environmental accidents, equipment breakdowns, availability of
and competition for future mineral acquisition opportunities, availability
and cost of insurance, labour disputes, land claims, the inherent uncertainty
of production and cost estimates, currency fluctuations, expectations and
beliefs of management and other risks and uncertainties, including those
described under Risk Factors in the Company�s Annual Information Form dated
March 27, 2007, and in each subsequent Management�s Discussion and
Analysis. Such Forward-Looking Information is based upon the Company�s
assumptions regarding global and Chilean economic, political and market
conditions and the price of metals, including copper and molybdenum, and future
tailings production volumes and the Company's copper and molybdenum
production.. Among the factors that have a direct bearing on the
Company�s future results of operations and financial conditions are changes
in project parameters as plans continue to be refined, interruptions in the
supply of fresh tailings from El Teniente, further delays in the extraction
of tailings from the Colihues tailings impoundment, a change in government
policies, competition, currency fluctuations and restrictions and technological
changes, among other things. Should one or more of any of the
aforementioned risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from any
conclusions, forecasts or projections described in the Forward-Looking
Information. Accordingly, readers are advised not to place undue
reliance on Forward-Looking Information. Except as required under
applicable securities legislation, the Company undertakes no obligation to
publicly update or revise Forward-Looking Information, whether as a result of
new information, future events or otherwise.
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