Amerigo Resources said its Minera Valle Central (MVC) operation near Rancagua, Chile, has resumed normal operations after severe flooding destroyed three high-voltage power towers in late June, disconnecting the site from Chile’s central power grid.
The MVC plant was reconnected to the grid on July 21, enabling it to resume processing fresh and historic Cauquenes tailings. “I am very proud of the swift response from all members of our team in Chile, which allowed us to reconnect to the power grid as quickly as possible and minimize lost production,” said Aurora Davidson, Amerigo’s president and CEO.
“We took this opportunity to make changes to our infrastructure in a way that should provide additional protection to our operations from another event of this type. The disruption from this climatic event will impact our second and third quarter results but have no lasting effect on Amerigo’s long-term business and the company’s capital return strategy,” she added.
Despite extensive repairs required to reconnect to the power grid, including the installation of seven new high-voltage towers, MVC successfully produced 90,000 pounds of copper daily from July 6 to July 21. This production substantially offset the negative impact from the flooding.
Source: Amerigo Resources