Welcome to our dedicated page for Amerigo Res news (Ticker: ARREF), a resource for investors and traders seeking the latest updates and insights on Amerigo Res stock.
Amerigo Resources Ltd. (OTCQX: ARREF; TSX: ARG) is a copper producer whose news flow centers on its Minera Valle Central ("MVC") operation in Chile and its tailings‑based production model. Company updates regularly describe copper and molybdenum production from MVC, cash cost and normalized cash cost per pound of copper, and the operational performance of the plant, including availability and safety indicators.
Investors following ARREF news will see detailed quarterly and annual operational reports, including copper and molybdenum production volumes from fresh and historic tailings sourced from Codelco’s El Teniente mine. Amerigo’s releases often include tables showing throughput, grades, recoveries, and delivered metal, giving insight into how MVC manages the balance between fresh and historic tailings processing under changing operating conditions at El Teniente.
Amerigo’s news also highlights its Capital Return Strategy, which combines quarterly dividends, performance dividends, and share buybacks under normal course issuer bids. Announcements on dividend declarations, performance dividends, and NCIB renewals explain how much capital has been returned to shareholders and how many shares have been repurchased and cancelled.
Other recurring news themes include financial results with non‑IFRS measures such as EBITDA, free cash flow to equity, and cash cost, updates on debt repayment, and labour relations at MVC, such as multi‑year collective labour agreements with the operators’ union. The company has also reported recognition for circular economy practices, including an award for MVC’s Energy and Environmental Liabilities Transformation project, which focuses on recovering metals from tailings while improving energy efficiency.
For readers tracking ARREF, this news stream provides ongoing visibility into Amerigo’s production performance, cost profile, capital allocation decisions, and its long‑term relationship with Codelco’s El Teniente mine.
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Amerigo Resources Ltd. (ARREF) reported a strong operational quarter for Q1-2023, producing 16.5 million pounds of copper, exceeding guidance by 4.5%. The cash cost improved to $1.91 per pound, which is 11% lower than planned, primarily due to increased molybdenum credits. A notable return of $5.5 million was made to shareholders, marking the sixth consecutive quarterly dividend and the repurchase of 1.6 million shares. The copper price rose to $4.02 per pound, the highest since Q2-2022. By March 31, cash reserves stood at $43.9 million, with a significant reduction in debt to $24.5 million. Production from fresh tailings composed 61% of output, with the company maintaining an annual production target of 62.3 million pounds of copper. A planned nine-day maintenance shutdown is expected in May.
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Amerigo Resources reported strong 2021 financial results, achieving a net income of $39.8 million and an earnings per share (EPS) of $0.22. With an annual EBITDA of $90.1 million and cash flow of $69.5 million, the company highlighted robust operational performance, driven by increased copper production of 63.4 million pounds and rising metal prices. A dividend of Cdn$0.03 per share was declared, offering an annual yield of 8.22%. Amerigo's improved financial health allowed for significant shareholder returns, including share buybacks totaling $11.6 million.