Amerigo Resources (OTCQX: ARREF) was featured in a company-sponsored initiation report published by Sidoti & Company, LLC. The headline of the report reads, “Initiate Coverage Of Amerigo Resources With A $2 Price Target And A Moderately Risky Rating Amerigo Resources Ltd. (ARREF) is generating stronger cash flow as it benefits from higher copper prices and increased processing of tailings at the El Teniente mine in Chile. Amerigo has more than doubled annual production at its facility since its acquisition in 2003. Given the healthier balance sheet and strengthening cash flow, Amerigo has recently begun returning cash to shareholders. As a result of its long-term success at El Teniente, we think Amerigo could consider tailings processing opportunities at other Codelco or Chilean mines. .”
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About Amerigo Resources
Amerigo Resources Ltd. 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.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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