October 21, 2010 / 2:01 PM / 7 years ago

UPDATE 1-Amerigo Q3 sales up; sees hit from higher power costs

* Q3 copper sales 13.38 mln/lb vs 10.19 mln/lb yr-ago

* Q3 copper price $3.65/lb vs $2.79/lb last year

Oct 21 (Reuters) - Amerigo Resources Ltd's (ARG.TO) third-quarter copper sales rose 31 percent, but the Canadian copper and molybdenum producer said higher power costs and a stronger Chilean peso will negatively impact the quarter.

The company, whose primary mine is Minera Valle Central in Chile, sold 13.4 million pounds of copper for $3.65 per pound in the third quarter, compared with 10.2 million pounds for $2.79 per pound, last year.

The company's molybdenum sales rose to 231,837 pounds, during the period, at $15.4 per pound, from 147,894 at $14.1 per pound, last year.

During the quarter, power costs rose 58 percent to 16 Canadian cents per kilowatt-hour.

Shares of the company, which have risen 5 percent in the last one year, were trading at up 2 Canadian cents at 85 Canadian cents Thursday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Aradhana Aravindan) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

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