Amerigo Announces Q3-2013 Production Results

Amerigo Resources Ltd. (TSX:ARG) ("Amerigo" or the "Company") is pleased to
announce production results for the third quarter of 2013 from Minera Valle
Central ("MVC"), the Company's operations located near Rancagua, Chile. MVC
produced 11.035 million pounds of copper and 0.193 million pounds of molybdenum
during the three months ended September 30, 2013.


Dr. Klaus Zeitler, Amerigo's Chairman and CEO, stated, "Q3-2013 copper
production was 16% higher than Q2-2013, and is expected to show continued
improvement in Q4-2013. Discussions are ongoing with respect to both the
finalization of the formal agreement and the debt financing for the Cauquenes
expansion project."


Rob Henderson, Amerigo's President and Chief Operating Officer, added, "With
MVC's improved operational performance and strong focus on efficiency and cost
reduction, our production outlook for the year remains at the lower end of 45-50
million pounds of copper. We are continuing to optimize the Cauquenes
feasibility study and we believe that we will receive the environmental
approvals for Cauquenes within the next three months."


Key operating and sales metrics are shown below.



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Production Metrics:                  Q3-2013 Q2-2013 Q1-2013 Q4-2012 Q3-2012
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Copper Production (million lbs)       11.035   9.550  12.834  13.561  12.701
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Molybdenum Production (million lbs)    0.193   0.176   0.258   0.291   0.322
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Ore milled (Tonnes 000's)             14,604  13,464  13,502  14,727  14,139
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Copper Grade (%)                       0.159   0.158   0.160   0.155   0.149
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Copper Recovery (%)                     21.5    20.3    27.0    27.0    27.3
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Power Costs (per kwh)                 $0.080  $0.086  $0.097  $0.185  $0.166
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Sales Metrics:                       Q3-2013 Q2-2013 Q1-2013 Q1-2012 Q4-2011
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Copper Sales(1) (Million lbs)         10.856   9.437  12.482  13.712  13.024
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Company's Recorded Copper Price                                             
 ($US/lb)(2)                            3.19    3.40    3.52    3.52    3.52
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Molybdenum Sales (million lbs)         0.205   0.178   0.241   0.286   0.338
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Company's Recorded Molybdenum Price                                         
 ($US/lb)                               9.41   11.00   11.34   11.08   11.64
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(1) Copper sales per the Company's records, which may differ from copper
    sales per the smelter. All differences between Company and smelter
    records for a quarter will be recorded as settlement adjustments in
    subsequent quarters until settled.

(2) Copper price recorded for the Company's financial statements for the
    quarter before smelter and refinery charges and settlement adjustments
    to prior quarters' sales. The Company calculates this number by dividing
    quarterly dollar sales as recorded in its financial statements
    (calculated based on copper deliveries per the smelter) over quarterly
    copper sales per the Company's own records.



The Company will release Q3-2013 financial results at market open on Friday
November 8, 2013 and will hold an investor conference call to discuss the
results on Tuesday November 12, 2013 at 11:00 am Pacific Standard Time/2:00 pm
Eastern Standard Time.


To participate in the call, please dial the following number:

1-866-226-1792 (Toll-Free North America)

Please let the operator know you wish to participate in the Amerigo Resources
conference call.


Media are invited to attend on a listen-only basis.

Following management's discussion of the quarterly results, the analyst and
investment community will be invited to ask questions. 


Amerigo Resources Ltd. produces copper and molybdenum under a long term
partnership with the world's largest copper producer, Codelco, by means of
processing fresh and old tailings from the world's largest underground copper
mine, El Teniente near Santiago, Chile. Tel: (604) 681-2802; Fax: (604)
682-2802; Web: www.amerigoresources.com; Listing: TSX:ARG.


Certain of the information and statements contained herein that are not
historical facts, constitute "forward-looking information" within the meaning of
the Securities Act (British Columbia), Securities Act (Ontario) and the
Securities Act (Alberta) ("Forward-Looking Information"). Forward-Looking
Information is often, but not always, identified by the use of words such as
"seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend";
statements that an event or result is "due" on or "may", "will", "should",
"could", or might" occur or be achieved; and, other similar expressions. More
specifically, Forward-Looking Information contained herein includes, without
limitation, information concerning future tailings production volumes and the
Company's copper and molybdenum production, all of which involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such Forward-Looking Information; including, without
limitation, material factors and assumptions relating to, and risks and
uncertainties associated with, the supply of tailings from El Teniente and
extraction of tailings from the Colihues tailings impoundment, the achievement
and maintenance of planned production rates, the evolving legal and political
policies of Chile, the volatility in the Chilean economy, military unrest or
terrorist actions, metal price fluctuations, governmental relations, the
availability of financing for activities when required and on acceptable terms,
the estimation of mineral resources and reserves, current and future
environmental and regulatory requirements, the availability and timely receipt
of permits, approvals and licenses, industrial or environmental accidents,
equipment breakdowns, availability of and competition for future mineral
acquisition opportunities, availability and cost of insurance, labour disputes,
land claims, the inherent uncertainty of production and cost estimates, currency
fluctuations, expectations and beliefs of management and other risks and
uncertainties, including those described under Risk Factors in the Company's
Annual Information Form and in Management's Discussion and Analysis in the
Company's financial statements.

Such Forward-Looking Information is based upon the Company's assumptions
regarding global and Chilean economic, political and market conditions and the
price of metals, including copper and molybdenum, and future tailings production
volumes and the Company's copper and molybdenum production. Among the factors
that have a direct bearing on the Company's future results of operations and
financial conditions are changes in project parameters as plans continue to be
refined, interruptions in the supply of fresh tailings from El Teniente, further
delays in the extraction of tailings from the Colihues tailings impoundment, a
change in government policies, competition, currency fluctuations and
restrictions and technological changes, among other things. Should one or more
of any of the aforementioned risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
any conclusions, forecasts or projections described in the Forward-Looking
Information. Accordingly, readers are advised not to place undue reliance on
Forward-Looking Information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly update or revise
Forward-Looking Information, whether as a result of new information, future
events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Amerigo Resources Ltd.
Dr. Klaus Zeitler
Chairman and CEO
(604) 218-7013


Amerigo Resources Ltd.
(604) 697-6201
www.amerigoresources.com
Amerigo Resources (TSX:ARG)
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