10:01 AM EST - Amerigo Resources Ltd. : Announced today financial results for the year 2017. Stronger copper prices and increased copper production resulted in a 47% increase in revenue in the year. The Company posted revenue of $134.0 million and net income of $8.0 million. Cash of $26.4 million was generated from operations before working capital changes. Debt proceeds for the second phase of the Cauquenes expansion were $10.7 million, and debt repayments on existing loans were $18.7 million. At December 31, 2017, cash balance was $27.5 million. Amerigo Resources Ltd.
shares T.ARG are trading up $0.01 at $1.13.
