Prices spur cash flow

Article Excerpt

AMERIGO RESOURCES $0.59 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 175.4 million; Market cap: $105.3 million; No dividends paid) processes copper and molybdenum from the waste rock of the El Teniente mine in Chile; that’s the world’s largest copper operation. In the quarter ended March 31, 2017, Amerigo’s copper production rose 17.1%, to 15.1 million pounds. A year earlier, copper output was 12.9 million. Cash flow jumped 194.9%, to $4.3 million, or $0.024 a share, from $1.4 million, or $0.008 a share. The gains came from the higher production, but the company also sold its copper at higher prices. Amerigo Resources is a buy. buy…