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Amerigo Resources Ltd - ARREF STOCK NEWS

Welcome to our dedicated news page for Amerigo Resources (Ticker: ARREF), a resource for investors and traders seeking the latest updates and insights on Amerigo Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Amerigo Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Amerigo Resources's position in the market.

Rhea-AI Summary
Amerigo Resources reports strong Q1-2024 production results with 16.0 million pounds of copper, beating guidance by 2%. Normalized cash cost of $1.89 per pound was 9% below guidance. Shareholders to receive $3.7 million dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.45%
Tags
-
Rhea-AI Summary
Amerigo Resources Ltd. reports a net income of $3.4 million in 2023, with an annual EBITDA of $34.6 million. Despite lower copper production due to weather events, the company returned $17.2 million to shareholders. Quarterly dividend of Cdn$0.03 per share declared, representing an 8.6% yield. Q4-2023 marked a return to normal operations with net income of $3.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
dividends
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Rhea-AI Summary
Amerigo Resources Ltd. announced 2023 production results from Minera Valle Central in Chile, with 57.6M lbs of copper produced. The 2024 guidance includes increased copper production to 62.4M lbs and a cash cost of $2.08/lb. The company's cash position was $16.2 million on December 31, 2023, and it will release its 2023 financial results on February 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
none
Rhea-AI Summary
Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) announces a 3-year collective agreement with Minera Valle Central's (MVC) union of supervisors, ensuring operational continuity at MVC until January 7, 2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
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none
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News
Rhea-AI Summary
Amerigo Resources Ltd. (ARG) announces the renewal of its normal course issuer bid (NCIB) to repurchase up to 10.9 million common shares, reflecting the company's commitment to a balanced Capital Return Strategy. The NCIB will commence on December 2, 2023, and may continue to December 1, 2024. Amerigo's President and CEO, Aurora Davidson, expressed the company's satisfaction with the renewal, highlighting the previous retirement of over 20.1 million shares under two NCIBs and one Substantial Issuer Bid. The NCIB's daily purchase limit will be 33,822 shares, with the option for one block purchase exceeding the limit per calendar week. Shares may be purchased in open market transactions on the TSX at the prevailing market price and will be cancelled upon purchase. Amerigo's multi-year capital allocation strategy and Capital Return Strategy utilize quarterly dividends, performance dividends, and share buybacks to consistently and flexibly return capital to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
none
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Rhea-AI Summary
Amerigo Resources Ltd. announces that Minera Valle Central (MVC) received the 2023 Distinction for Excellence award from Chile's Workers Safety Institute for its exceptional safety practices and innovative safety programs, marking 18 months without lost time accidents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.2%
Tags
none
Rhea-AI Summary
Amerigo Resources Ltd. announces Q3-2023 financial results with a net loss of $5.8 million and EBITDA of $3.2 million. Copper production was 31% lower, but revenue only decreased by 2% due to higher copper prices. The company declared a quarterly dividend of Cdn$0.03 per share, representing a 9.4% yield. Cash and restricted cash on September 30, 2023, were $19.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.33%
Tags
dividends
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Rhea-AI Summary
Amerigo Resources Ltd. announces Q3-2023 production results for Minera Valle Central
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.3%
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none
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Rhea-AI Summary
Amerigo Resources resumes normal operations after removing excess water from tailings deposit
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3%
Tags
none
Rhea-AI Summary
Additional historic rains in Chile impact Amerigo Resources' Q3-2023 production, expected to be 2.7M lbs lower than revised plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.96%
Tags
none
Amerigo Resources Ltd

OTC:ARREF

ARREF Rankings

ARREF Stock Data

205.65M
143.00M
12.86%
24.81%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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