Amerigo’s MVC Copper Operation Attains Significant Safety Milestone
Rhea-AI Summary
Amerigo Resources (TSX: ARG; OTCQX: ARREF) has announced a significant safety milestone at its Minera Valle Central (MVC) copper operation in Chile. The facility has achieved three consecutive years without lost-time accidents, accumulating 1,823,782 man-hours during this period.
MVC, which employs 296 workers and can accommodate up to 880 workers and subcontractors during peak periods like annual maintenance shutdowns, has demonstrated the effectiveness of its safety practices and training programs. According to CEO Aurora Davidson, this achievement underscores the company's commitment to worker safety while ensuring operational continuity and minimizing potential financial losses.
Positive
- Achievement of 3 years without lost-time accidents, indicating strong operational safety
- 1,823,782 man-hours worked safely, demonstrating operational efficiency
- Reduced risk of work-related financial losses and operational disruptions
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, ARREF gained 0.87%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Three Consecutive Years Without Lost-time Accidents
VANCOUVER, British Columbia, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce that Minera Valle Central (“MVC”), the Company’s
“This new safety record reached by the MVC team is significant as it demonstrates the safety mindset and the effectiveness of the safety practices, training programs and tools in place at our operation. Our maxims that safety supersedes all production goals and that all workers should return home unharmed each day have clearly been internalized and put into practice by our workers,” said Aurora Davidson, Amerigo’s President and CEO.
“Our world-class safety record confirms our commitment to the well-being of our workers and ensures operational continuity and productivity while minimizing the potential for financial loss. MVC’s exceptional safety record is the cornerstone of the foundation on which all other aspects of the Company rest,” she added.
Currently, MVC employs 296 workers at its operation in Chile. At peak times, such as the annual maintenance shutdown, more than 880 MVC workers and subcontractors can work at MVC daily.
About Amerigo and MVC
Amerigo is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.
Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine. Tel: (604) 681-2802; Web: www.amerigoresources.com; Listing: ARG: TSX.
Contact Information
| Aurora Davidson President and CEO (604) 697-6207 ad@amerigoresources.com | Graham Farrell Investor Relations (416) 842-9003 Graham@northstarir.com |
FAQ
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