ARREF - Amerigo Resources GAAP EPS of -$0.02 in-line revenue of $32.04M misses by $0.87M
2023-08-02 07:36:14 ET
- Amerigo Resources press release ( OTCQX:ARREF ): Q2 GAAP EPS of -$0.02 in-line.
- Revenue of $32.04M (-4.6% Y/Y) misses by $0.87M .
- EBITDA of $1.7 million, ending quarter cash & restricted cash of $35.9 million.
- Q2-2023 copper production was 13.6 million pounds (“M lbs”) (Q2-2022: 14.9 M lbs), including 8.8 M lbs from fresh tailings (Q2-2022: 9.1 M lbs) and 4.8 M lbs from Cauquenes historical tailings (Q2-2022: 5.8 M lbs).
- Molybdenum production during Q2-2023 was 0.3 million pounds (Q2-2022: 0.2 million pounds). MVC’s molybdenum price increased to $20.76/lb (Q2-2022: $17.58/lb), resulting in a Q2-2023 molybdenum revenue of $2.9 million (Q2-2022: $2.2 million).
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Amerigo Resources GAAP EPS of -$0.02 in-line, revenue of $32.04M misses by $0.87M