Amerigo Res Stock Price, News & Analysis

Amerigo Resources Ltd. (TSX: ARG; ARREF:OTC) held its 2025 Annual General Meeting of Shareholders on May 5, 2025. A total of 68,548,449 common shares were voted, representing 41.70% of the total outstanding shares. All director nominees were successfully elected with strong shareholder support, with approval rates ranging from 97.28% to 99.18%.

The elected directors include Klaus Zeitler (97.28%), Robert Gayton (99.09%), Alberto Salas (99.07%), George Ireland (97.85%), Aurora Davidson (99.18%), and Margot Naudie (98.03%). All other items of business presented at the AGM were also approved by shareholders.

Amerigo Resources has issued a date correction for its upcoming Q1-2025 financial results announcement. The company will now release its financial results on May 7, 2025, at market open, rather than the previously announced May 5 date.

Key dates include:

• Annual General Meeting: May 5, 2025
• Q1-2025 Results Release: May 7, 2025 (Market Open)
• Investor Conference Call: May 8, 2025 (11:00 AM PDT/2:00 PM EDT)

Shareholders can join the conference call through an online portal at https://emportal.ink/4fsXvjM or dial 1-888-510-2154 (Toll-Free North America) to participate in the earnings call.

Amerigo Resources (ARREF) reported Q1-2025 operational results with copper production of 13.2 million pounds and molybdenum production of 0.24 million pounds. The company successfully completed its annual plant maintenance shutdown, maintaining a 97.6% plant availability with no lost-time accidents.

The company's Q1-2025 cash cost was $2.22 per pound, higher due to fewer operating days, while maintaining annual guidance of $1.93/lb. Average provisional copper price increased to $4.42/lb in Q1-2025 from $4.06/lb in Q4-2024.

Under its Capital Return Strategy, Amerigo returned $4.6 million to shareholders in Q1-2025 ($3.5M through quarterly dividend, $1.1M via share buybacks). The company's cash position stood at $27.7 million as of March 31, 2025, with $11.5 million in outstanding bank debt. The company remains on track to meet its 2025 annual production guidance of 62.9M lbs of copper and 1.3M lbs of molybdenum.

Amerigo Resources reported strong financial results for 2024, with a net income of $19.2 million and earnings per share of $0.12. The company achieved EBITDA of $68.8 million and free cash flow to equity of $27.8 million.

Key operational highlights include copper production reaching 64.6 million pounds, exceeding guidance by 4%, and molybdenum production of 1.3 million pounds, 8% above guidance. The company's cash cost decreased to $1.89/lb from $2.17/lb in 2023.

In 2024, Amerigo returned $21.2 million to shareholders through quarterly dividends, performance dividends, and share buybacks. The Board declared its 14th quarterly dividend of Cdn$0.03 per share, payable March 20, 2025, representing a 7.7% annual yield based on the December 31, 2024 share price.

Amerigo Resources (TSX: ARG; OTCQX: ARREF) has announced a significant safety milestone at its Minera Valle Central (MVC) copper operation in Chile. The facility has achieved three consecutive years without lost-time accidents, accumulating 1,823,782 man-hours during this period.

MVC, which employs 296 workers and can accommodate up to 880 workers and subcontractors during peak periods like annual maintenance shutdowns, has demonstrated the effectiveness of its safety practices and training programs. According to CEO Aurora Davidson, this achievement underscores the company's commitment to worker safety while ensuring operational continuity and minimizing potential financial losses.

Amerigo Resources reported strong 2024 operational results, with copper production reaching 64.6 million pounds, exceeding guidance by 4%. The company achieved a record 65.0 million pounds of copper deliveries and 1.3 million pounds of molybdenum production, 8% above guidance.

The company's cash cost was $1.89 per pound in 2024, significantly better than guidance, with a normalized cash cost of $1.87 per pound. The average copper price in 2024 was $4.15 per pound. The company ended 2024 with a cash position of $35.9 million and outstanding bank debt of $11.5 million.

For 2025, Amerigo projects copper production of 62.9 million pounds and expects to be debt-free by year-end. The company's normalized cash cost is expected to be $1.93 per pound under assumed copper price of $4.15 per pound. Since September 2021, Amerigo has returned $78.1 million to shareholders through dividends and share buybacks.

Amerigo Resources has received TSX approval for a new normal course issuer bid (NCIB) running from December 2, 2024, to December 1, 2025. The company can purchase up to 12 million common shares (10% of public float) for cancellation. The daily purchase limit is set at 62,309 shares, with block purchases allowed weekly. Under the previous NCIB, Amerigo repurchased 1.4 million shares at Cdn$1.76 average price. The company's Capital Return Strategy combines quarterly dividends, performance dividends, and share buybacks, with a current dividend yield of 9.4%. Since October 2021, Amerigo has returned $74.5 million to shareholders through share repurchases and dividends.

Amerigo Resources reported strong Q3-2024 financial results with net income of $2.8 million, compared to a $5.8 million loss in Q3-2023. Copper production reached 16.3 million pounds, a 46% increase from Q3-2023. The company achieved EBITDA of $13.3 million and free cash flow to equity of $5.9 million.

The company returned $8.5 million to shareholders through a quarterly dividend of Cdn$0.03 per share and a performance dividend of Cdn$0.04 per share. The Board declared its thirteenth quarterly dividend of Cdn$0.03 per share, payable on December 20, 2024. Based on the September 30 share price of Cdn$1.74, this represents an annual dividend yield of 9.2%.