Amerigo’s output jumps

Article Excerpt

AMERIGO RESOURCES $1.06 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 176.7 million; Market cap: $188.1 million; No dividends paid) processes copper and molybdenum from the waste rock of the El Teniente mine in Chile. In the quarter ended December 31, 2017, Amerigo’s copper production rose 15.0%, to 15.63 million pounds. A year earlier, output was 13.59 million pounds. Revenue in the latest quarter rose 25.5%, to $37.0 million from $29.5 million a year earlier. Profits rose less than revenue mostly due to higher income tax expenses. Amerigo earned $3.1 million in the quarter, up 3.8% from $3.0 million. On more shares outstanding, earnings per share were unchanged at $0.02. Amerigo Resources is a buy for aggressive investors. investors…