Dr. Klaus Zeitler, Amerigo's President and CEO, stated, "We are pleased to report that since start-up twenty years ago, annual copper and molybdenum production from MVC has steadily increased and is now at record levels. Total copper production of 51.7 million pounds in 2012 was 11% higher than the previous record of 46.6 million pounds set in 2010. Molybdenum production of 1,057,717 pounds was 35% higher than the previous record of 785,068 pounds set in 2011. Both copper and molybdenum production surpassed our guidance for Q4-2012 and 2012. I am now looking forward to improved financial results in 2013 due to significantly lower power costs and lower capital outlays."
Key operating and sales metrics are shown below.
|Copper Production (million lbs)||13.56||12.70||11.57||13.88||12.09|
|Molybdenum Production (lbs)||290,705||321,788||228,932||216,292||195,729|
|Ore milled (Tonnes 000's)||14,727||14,139||13,631||13,617||15,449|
|Copper Grade (%)||0.155||0.149||0.156||0.168||0.154|
|Copper Recovery (%)||27.0||27.3||24.7||27.5||23.0|