{"id":27262,"date":"2023-07-25T07:30:23","date_gmt":"2023-07-25T11:30:23","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=27262"},"modified":"2025-06-27T09:46:57","modified_gmt":"2025-06-27T13:46:57","slug":"amerigo-resumes-full-production-at-mvc","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/","title":{"rendered":"Amerigo Resumes Full Production at MVC"},"content":{"rendered":"<p><strong>Highlights<\/strong><\/p>\n<ul>\n<li>Repairs completed at MVC<\/li>\n<li>Full production from fresh and historic tailings resumed on July 22, 2023<\/li>\n<li>MVC reconnected to Chile\u2019s central power grid<\/li>\n<\/ul>\n<p><strong>Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF)<\/strong> announced that Minera Valle Central (\u201cMVC\u201d), the Company\u2019s 100% owned operation located near Rancagua, Chile has resumed normal operations. The MVC plant was reconnected to Chile\u2019s central power grid on July 21, 2023, enabling MVC to resume normal operations processing fresh and historic Cauquenes tailings on July 22, 2023.<\/p>\n<div class=\"su-quote su-quote-style-default\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\">We are pleased to resume normal operations at MVC. I am very proud of the swift response from all members of our team in Chile, which allowed us to reconnect to the power grid as quickly as possible and minimize lost production.\u00a0<\/div><\/div>\n<div class=\"su-quote su-quote-style-default su-quote-has-cite\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\">We took this opportunity to make changes to our infrastructure in a way that should provide additional protection to our operations from another event of this type. The disruption from this climatic event will impact our second and third quarter results but have no lasting effect on Amerigo\u2019s long-term business and the Company\u2019s capital return strategy. The quarterly dividend is secure.<span class=\"su-quote-cite\">Aurora Davidson, CEO, Amerigo Resources <\/span><\/div><\/div>\n<p>Full production operations resumed on July 22, 2023. As reported in the Company\u2019s news release of July 12, 2023, Amerigo reduced its annual production guidance by 3% to 60.5 million pounds of copper due to the lost production from the flooding. This revised copper production guidance remains in place, and Amerigo\u2019s original guidance of 1.0 M lbs of molybdenum remains unchanged.<\/p>\n<p>MVC lost its connection to the central power grid on June 23, 2023, when three high-voltage power towers owned by MVC collapsed following severe flooding from heavy rains in central Chile. This situation caused a total power outage at MVC. Emergency power supplies took immediate effect to prevent any negative environmental impact from occurring.<\/p>\n<p>MVC quickly secured a secondary power supply, which allowed the plant to process fresh tailings from El Teniente while repairs were completed. While the extensive repairs required to reconnect to the power grid properly were underway, including installing seven new high-voltage towers, MVC successfully produced 90,000 lbs of copper per day from July 6 to July 21, substantially offsetting the negative production impact from the flooding.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) announced that Minera Valle Central (\u201cMVC\u201d), the Company\u2019s 100% owned operation located near Rancagua, Chile has resumed normal operations. The MVC plant was reconnected to Chile\u2019s central power grid on July 21, 2023, enabling MVC to resume normal operations processing fresh and historic Cauquenes tailings on July 22, 2023.<\/p>\n","protected":false},"author":25,"featured_media":26764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2430,56],"tags":[2097,76,482,2330,2196,2195,2194],"class_list":{"0":"post-27262","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-energy-transition-metals","8":"category-featured","9":"tag-amerigo-resources","10":"tag-copper","11":"tag-dividend-stocks","12":"tag-dividend-yield","13":"tag-investing-in-copper","14":"tag-otcqx-arref","15":"tag-tsx-arg"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amerigo Resumes Full Production at MVC | Capital 10X<\/title>\n<meta name=\"description\" content=\"Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) announced that Minera Valle Central (\u201cMVC\u201d), the Company\u2019s 100% owned operation located near Rancagua, Chile has resumed normal operations. The MVC plant was reconnected to Chile\u2019s central power grid on July 21, 2023, enabling MVC to resume normal operations processing fresh and historic Cauquenes tailings on July 22, 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amerigo Resumes Full Production at MVC | Capital 10X\" \/>\n<meta property=\"og:description\" content=\"Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) announced that Minera Valle Central (\u201cMVC\u201d), the Company\u2019s 100% owned operation located near Rancagua, Chile has resumed normal operations. The MVC plant was reconnected to Chile\u2019s central power grid on July 21, 2023, enabling MVC to resume normal operations processing fresh and historic Cauquenes tailings on July 22, 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital 10X\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Capital10x\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-25T11:30:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-27T13:46:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/05\/amerigo-07.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1069\" \/>\n\t<meta property=\"og:image:height\" content=\"713\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Duane Hope\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@capital10x\" \/>\n<meta name=\"twitter:site\" content=\"@capital10x\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Duane Hope\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/\"},\"author\":{\"name\":\"Duane Hope\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/75fddffbd75d63e9226bc4c592e9a851\"},\"headline\":\"Amerigo Resumes Full Production at MVC\",\"datePublished\":\"2023-07-25T11:30:23+00:00\",\"dateModified\":\"2025-06-27T13:46:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/\"},\"wordCount\":372,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/05\/amerigo-07.jpg\",\"keywords\":[\"Amerigo Resources\",\"Copper\",\"Dividend Stocks\",\"dividend yield\",\"investing in copper\",\"OTCQX: ARREF\",\"TSX: ARG\"],\"articleSection\":[\"Energy Transition Metals\",\"Featured\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/\",\"url\":\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/\",\"name\":\"Amerigo Resumes Full Production at MVC | Capital 10X\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resumes-full-production-at-mvc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/05\/amerigo-07.jpg\",\"datePublished\":\"2023-07-25T11:30:23+00:00\",\"dateModified\":\"2025-06-27T13:46:57+00:00\",\"description\":\"Amerigo Resources Ltd. 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