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Amerigo Resources (OTCQX:ARREF) announced that its subsidiary Minera Valle Central (MVC) has resumed processing fresh tailings from El Teniente copper mine. The restart follows El Teniente's approval to resume operations in 8 out of 12 underground sectors after a July 31 seismic event that caused six fatalities.
Fresh tailings processing resumed on August 10, 2025, while historic tailings processing continued throughout the suspension period. However, daily throughput from fresh tailings is expected to be lower than initially forecast until El Teniente's operations fully normalize. The company plans to mitigate production impacts by increasing historic tailings processing.
Amerigo Resources (OTCQX:ARREF) reported a temporary suspension of fresh tailings processing at its Minera Valle Central (MVC) operation in Chile following a tragic seismic event at Codelco's El Teniente mine on July 31, 2025. The rockfall resulted in six fatalities, leading to the suspension of operations at El Teniente.
While MVC continues processing historic tailings, the company estimates a daily copper production loss of 100,000 pounds. The impact on annual production guidance remains uncertain, depending on when El Teniente resumes operations.
Amerigo Resources (OTCQX:ARREF) reported strong Q2-2025 financial results with net income of $7.5 million and earnings per share of $0.05. The company achieved EBITDA of $17.8 million and free cash flow to equity of $6.5 million.
Key highlights include copper production of 15.5 million pounds at an average price of $4.42/lb and a reduced cash cost of $1.82/lb. The company maintained its shareholder-friendly stance by declaring its 16th consecutive quarterly dividend of Cdn$0.03 per share and returning $7.6 million to shareholders through dividends and share buybacks.
The company's strong operational performance at Minera Valle Central (MVC) keeps it on track to meet annual guidance and achieve its goal of being debt-free by year-end. As of June 30, 2025, Amerigo held cash and cash equivalents of $23.3 million with borrowings reduced to $7.0 million.
Amerigo Resources (OTCQX:ARREF) reported strong Q2-2025 operational results, producing 15.5 million pounds of copper and 0.39 million pounds of molybdenum. The company maintained its 2025 production guidance of 62.9M lbs copper and 1.3M lbs molybdenum, with H1-2025 production reaching 28.8M lbs copper.
Q2-2025 highlights include a cash cost of $1.82/lb, average provisional copper price of $4.42/lb, and plant availability of 99.0%. The company returned $7.6 million to shareholders in Q2-2025 through dividends ($3.5M) and share buybacks ($4.0M). Cash position stood at $23.3 million with bank debt reduced to $7.5 million.
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.