Amerigo’s MVC Signs Three-Year Collective Labor Agreement

Rhea-AI Summary

Amerigo (OTCQX: ARREF) announced it signed a three-year collective labour agreement with the 210-member operators' union at Minera Valle Central (MVC) on October 22, 2025. The contract is effective from October 29, 2025 through October 29, 2028. The company described the agreement as the result of constructive negotiations and said it reinforces commitment to employees, operational stability, and collaborative labour relations at MVC, Amerigo’s 100% owned operation near Rancagua, Chile.

Positive

• 3-year labour agreement in force Oct 29, 2025–Oct 29, 2028
• Agreement covers 210 MVC operators, supporting operational stability

Negative

• None.

• 3-year agreement to October 29, 2028
  
  
• New agreement strengthens commitment to employees and operational stability
  

VANCOUVER, British Columbia, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce the signing on October 22, 2025, of a three-year collective labour agreement with the 210-member operators’ union of Minera Valle Central ("MVC"), the Company’s 100% owned operation located near Rancagua, Chile.

The agreement was reached after constructive negotiations and reflects the joint efforts of management and union representatives to ensure fair treatment and long-term security for MVC employees. The new contract will be effective from October 29, 2025 and will continue through October 29, 2028.

“We are pleased to have reached a new collective labour agreement, which demonstrates our ongoing commitment to support our team and maintain strong, collaborative relationships,” said Aurora Davidson, Amerigo’s President and CEO. “Our employees are the foundation of the Company’s success, and this agreement ensures stability and mutual respect as we move forward together”.

The new collective agreement reaffirms MVC’s commitment to continue being an employer of choice in Chile. Amerigo, MVC and its employees look forward to continued progress and success over the coming years.

About Amerigo and MVC

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine. Tel: (604) 681-2802; Web: www.amerigoresources.com; Listing: ARG: TSX.

Contact Information
Aurora Davidson President and CEO (604) 697-6207 ad@amerigoresources.com	Graham Farrell Investor Relations (416) 842-9003 graham@northstarir.ca

FAQ

What does Amerigo's October 22, 2025 collective agreement for ARREF cover?

It is a three-year collective labour agreement covering 210 MVC operators, effective Oct 29, 2025 to Oct 29, 2028.

How long is the new labour contract at Minera Valle Central under ARREF?

The contract term is three years, from Oct 29, 2025 through Oct 29, 2028.

Will the ARREF labour agreement affect operations at MVC?

The company states the agreement enhances operational stability and supports ongoing collaboration with employees.

When was the ARREF collective labour agreement signed?

Amerigo signed the agreement on October 22, 2025.

Which Amerigo operation is affected by the ARREF labour agreement?

The agreement applies to Minera Valle Central (MVC), Amerigo's 100% owned operation near Rancagua, Chile.