Amerigo Resources Ltd. announced that Minera Valle Central (?MVC?), the Company?s 100% owned operation located near Rancagua, Chile, has resumed normal production after completing the removal of more than 2.2 million cubic meters of water from the Cauquenes historical tailings deposit. The excess water at Cauquenes accumulated following heavy and sustained rainfall in the region from August 19 to September 10. To expedite the resumption of normal operations at Cauquenes, pumping equipment was diverted to remove water from Cauquenes rather than provide historic tailings to the concentrator.

However, during this time, MVC continued to process fresh tailings from El Teniente. The annual rainfall in 2023 at MVC is estimated to be more than 695 mm. This figure is approximately 160% more than the yearly precipitation totals of 287 mm in 2022 and 247 mm in 2021.

The last day of heavy rain was September 10, 2023; as of the date of this news release, there is no heavy rainfall in the forecast. The rain season at MVC is typically over by this time of the year. As previously stated in its news release of September 11, 2023, Amerigo now estimates that MVC?s copper production for the quarter to end September 30, 2023 will be approximately 11.1 million pounds (?M lbs?).

This is 2.7 million pounds lower than the Company?s revised copper production guidance of 13.8 M lbs issued after MVC was impacted by flooding in the region in June 2023.