Updating Amerigo Resources, Paramount Resources and Calian Group

Article Excerpt

AMERIGO RESOURCES $1.12 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 177.3 million; Market cap: $200.2 million; No dividends paid) processes copper and molybdenum from the waste rock of the El Teniente mine in Chile. That site is the world’s largest copper operation, and the company’s contract with its owner runs through 2021. Amerigo has other deals to process material at the nearby Colihues and Cauquenes tailings ponds. In the quarter ended December 31, 2018, Amerigo’s copper production rose 18.6%, to 18.5 million pounds from 15.6 million pounds, a year earlier. The gains came mostly from the completion of the Cauquenes Phase Two expansion project. Cash flow jumped 39.0%, to $9.2 million, or $0.052 a share, from $6.6 million, or $0.038. The higher production offset lower copper prices. Amerigo is a buy for aggressive investors. PARAMOUNT RESOURCES $7.39 (Toronto symbol POU; TSINetwork Rating: Speculative) (403-290-3600; www.paramountres.com; Shares outstanding: 130.9 million; Market cap: $955.0 million; No dividends paid) owns oil and gas properties in…

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