202616 releases
Amerigo Announces Q3-2026 Net Income of $22.7 Million and Declares Cdn$0.04 Quarterly Dividend
Investors Presentation Factsheet Investors Amerigo Announces Q3-2026 Net Income of $22.7 Million and Declares Cdn$0.04 Quarterly Dividend 10.28.2026 Q3-2026 Net Income of $22.7 million, EBITDA 1 of $48.0 million and Free Cash Flow 1 of…
CorporateAmerigo's MVC Receives Circular Award in Chile for Second Consecutive Year
Minera Valle Central, Amerigo's 100%-owned operation near Rancagua, Chile, took first place in the Water Challenge at Chile's Circular Awards, organized by Fundación Desafío Circular, for its project "Transforming Environmental Liabilities into Water Resources," which helped MVC reach a 78% water recycling rate in 2025. It is the second consecutive year MVC has been recognized, following a 2025 award in the Energy Challenge. The 2026 awards drew more than 290 submissions assessed by 33 specialists.
CorporateAmerigo Reports Q3-2026 Production of 17.0 Million Pounds and Cash Cost1 of $1.55/lb
Minera Valle Central in Chile produced 17.0 million pounds of copper and 0.4 million pounds of molybdenum in Q3-2026 at a cash cost of $1.55/lb, with 98.1% plant availability. Year-to-date copper production of 48.2 million pounds represents 76% of the 63.8 million pound annual guidance, with normalized cash cost of $1.65/lb versus guidance of $1.98/lb. Shareholder returns totalled $69.5 million year-to-date; cash stood at $50.1 million at September 30, 2026. Q3 financial results are due October 28, 2026.
CorporateAmerigo and MVC Regret Tragic Accident at Codelco El Teniente
Two contractor workers died in an accident at Codelco's El Teniente Division in Chile on October 11, 2026. Amerigo Resources and its Chilean operating subsidiary Minera Valle Central extended condolences to Codelco's El Teniente Division and to the families, friends and colleagues of the workers. MVC operations have not been affected.
NewsAmerigo Declares Cdn$0.21 per share Performance Dividend
A performance dividend of Cdn$0.21 per share has been declared, payable October 14, 2026 to shareholders of record September 21, 2026, designated entirely as an eligible dividend for Canadian income tax purposes. It is the third performance dividend of 2026, bringing performance dividends declared year-to-date to Cdn$0.55 per share, a yield of 8.6% based on the September 11, 2026 closing price of Cdn$8.28. Returns under the Capital Return Strategy since October 2021 will reach approximately $190.5 million.
CorporateAmerigo Announces Q2-2026 Net Income of $18.3 Million and Declares Quarterly Dividend
Net income for Q2-2026 was $18.3 million, or $0.11 per share, versus $7.5 million in Q2-2025, with EBITDA of $38.4 million, free cash flow of $21.9 million and copper production of 16.9 million pounds at a cash cost of $1.74/lb ($1.60/lb normalized) from the MVC operation in Chile. The average copper price recognized was $6.16/lb, and cash stood at $50.3 million on June 30, 2026. The Board declared a quarterly dividend of Cdn$0.04 per share, payable September 18, 2026, to holders of record August 28, 2026; $41.7 million has been returned to shareholders year-to-date.
CorporateAmerigo Reports Strong Q2-2026 Operational Results
Minera Valle Central in Chile produced 16.9 million pounds of copper and 0.4 million pounds of molybdenum in Q2-2026 with 99.0% plant availability, bringing H1-2026 copper production to 31.2 million pounds, or 49% of 2026 guidance of 63.8 million pounds. H1-2026 cash cost was $1.78/lb and normalized cash cost $1.70/lb, versus guidance of $1.98/lb. Shareholder returns totalled $41.7 million year-to-date, with cash of $50.3 million at June 30, 2026, and Q2 financial results due July 29, 2026.
CorporateAmerigo Completes Review of Director's AGM Election Status
The Board has declined to accept the resignation offer tendered by director Margot Naudie, who received more votes withheld than votes in favour at the April 27, 2026 annual general meeting, and she will continue to serve on the Board. The withhold vote followed a proxy advisory firm recommendation citing her service on six public company boards; she ceased to be a director of two companies on June 24, 2026, leaving four. The Board deemed this extraordinary circumstances under its Majority Voting Policy.
CorporateAmerigo Declares Cdn $0.18 per share Performance Dividend
A performance dividend of Cdn$0.18 per share was declared by Amerigo's board on July 6, 2026, payable August 6, 2026 to shareholders of record as of July 13, 2026, with shares trading ex-dividend from July 13, 2026. The full amount is designated an eligible dividend under the Income Tax Act (Canada). Year-to-date performance dividends total Cdn$0.34 per share, in addition to an annualized quarterly dividend of Cdn$0.16 per share, alongside continued buybacks under the Normal Course Issuer Bid.
CorporateAutomatic Securities Disposition Plan Established by Amerigo's President and CEO
President and CEO Aurora Davidson has established an automatic securities disposition plan permitting the sale of up to 1 million common shares, about 0.62% of Amerigo's issued and outstanding shares and roughly 44.63% of her holdings, over 12 months. Monthly dispositions are capped at 135,000 shares and all sale prices must exceed 85% of the 30-day VWAP prior to adoption. Sales begin on the second trading day after Amerigo files its interim statements for the quarter ending June 30, 2026.
CorporateAmerigo Resources Announces Successful Completion of MVC Supervisors' Union Negotiation
A new three-year collective agreement has been reached between Amerigo's 100%-owned subsidiary Minera Valle Central and its 74-member Supervisors' Union in Chile, effective January 8, 2027 through January 8, 2030. The deal was concluded under Chile's anticipated negotiation process, ahead of the statutory timeline, removing the risk of labour disruption in the 2027 bargaining period. MVC also has a collective agreement with its Operators' Union running from October 29, 2025 to October 29, 2028.
CorporateAmerigo Announces Q1-2026 Results & Quarterly Dividend
Q1-2026 net income was $14.7 million, or basic EPS of $0.09, with EBITDA of $32.8 million and free cash flow of $14.5 million, compared with net income of $3.3 million in Q1-2025. Minera Valle Central in Chile produced 14.3 million pounds of copper at a cash cost of $1.82/lb, versus 13.2 million pounds at $2.22/lb a year earlier, with cash of $57.2 million at March 31, 2026. A 19th consecutive quarterly dividend of Cdn$0.04 per share was declared, payable June 18, 2026 to holders of record May 29, 2026.
CorporateAmerigo Announces Results of AGM
Shareholders voted in favour of all items of business at Amerigo Resources' April 27, 2026 annual general meeting, with 71,999,946 common shares voted, representing 44.38% of outstanding shares. Director nominee Margot Naudie received 40.30% votes for and 59.70% votes withheld, and tendered a resignation offer under the Company's Majority Voting Policy; she remains a director until it is accepted. The Board will decide on the offer no later than the 90th day following the news release.
CorporateAmerigo Reports Strong Q1-2026 Operational Results & Declares Cdn$0.16 per share Performance Dividend
Minera Valle Central in Chile produced 14.3 million pounds of copper and 0.32 million pounds of molybdenum in Q1-2026, with cash cost of $1.82/lb versus annual guidance of $1.98/lb; annual guidance of 63.8 M lbs copper and 1.5 M lbs molybdenum is maintained following a completed 10-day maintenance shutdown. The Board declared a Cdn$0.16 per share performance dividend, payable May 13, 2026 to holders of record April 20, 2026. Cash stood at $57.2 million at March 31, 2026, up from $40.3 million.
CorporateAmerigo Announces Strong 2025 Results & Quarterly Dividend
2025 net income was $35.4 million (basic EPS $0.22) on revenue of $227.3 million, with EBITDA of $89.8 million and free cash flow to equity of $37.1 million; Q4-2025 net income was $17.9 million. Minera Valle Central in Chile produced 62.2 million pounds of copper and 1.5 million pounds of molybdenum at a cash cost of $1.93/lb, and Amerigo repaid $11.5 million of debt to become debt-free in October 2025 while returning $20.4 million to shareholders. An 18th consecutive quarterly dividend of Cdn$0.04 per share is payable March 20, 2026 to holders of record March 6, 2026.
CorporateAmerigo Reports Record Q4-2025 Operational Results, Exceeds Revised 2025 Production Target and Provides 2026 Guidance
Minera Valle Central in Chile produced 18.9 million pounds of copper in Q4-2025 and 62.2 M lbs for the full year, above revised guidance of 60 to 61.5 M lbs, plus 1.5 M lbs of molybdenum versus 1.3 M lbs guided. Full-year cash cost was $1.93/lb ($1.87/lb normalized). 2026 guidance is 63.8 M lbs of copper and 1.5 M lbs of molybdenum, cash cost of $1.98/lb, EBITDA of $74.5 million and Capex of $17.5 million. Amerigo became debt-free in October 2025 and held $40.3 million cash at December 31, 2025.
Corporate
202518 releases
Amerigo Declares Second Performance Dividend
A performance dividend of Cdn$0.05 per share was declared by Amerigo's Board on December 9, 2025, payable January 15, 2026 to shareholders of record as of December 17, 2025, with shares trading ex-dividend from the opening on December 17, 2025. The entire amount is designated an eligible dividend under the Income Tax Act (Canada). Total dividends declared in 2025 reach Cdn$0.18 per share, and 3.97 million shares were retired under the company's capital return strategy.
CorporateAmerigo’s Minera Valle Central (MVC) Receives Prestigious 2025 Circular Awards in Chile
Minera Valle Central, Amerigo's 100%-owned operation near Rancagua, Chile, won the 2025 Circular Awards in the Energy Challenge category, a Chilean recognition for circular economy initiatives created by Fundación Desafío Circular and judged by a panel of 25 sustainability experts. The award was for MVC's Energy and Environmental Liabilities Transformation project, which combines copper and molybdenum recovery from Codelco's El Teniente tailings, energy efficiency in production processes and circular economy principles.
CorporateAmerigo Renews Normal Course Issuer Bid (“NCIB”)
TSX approval has been received for a renewed normal course issuer bid allowing Amerigo to repurchase and cancel up to 11,700,000 common shares, roughly 10% of its public float of 117,270,397 shares as of November 18, 2025, out of 161,491,267 shares outstanding. The daily purchase limit is 68,239 shares, 25% of the six-month average daily volume of 272,958. The bid runs from December 2, 2025 to December 1, 2026. Under the prior NCIB, 3,967,984 shares were repurchased at a weighted average of Cdn$1.80.
CorporateAmerigo Announces Q3-2025 Results, Full Debt Repayment and Quarterly Dividend Increase
Q3-2025 net income was $6.7 million, or $0.04 per share, on revenue of $52.5 million, with EBITDA of $18.7 million and free cash flow to equity of $11.1 million. Minera Valle Central in Chile produced 14.6 million pounds of copper at a cash cost of $1.80/lb and an average copper price of $4.54/lb. Amerigo repaid its remaining $7.5 million of debt on October 27, 2025, and declared a quarterly dividend of Cdn$0.04 per share, up 33%, payable December 19, 2025.
CorporateAmerigo’s MVC Signs Three-Year Collective Labor Agreement
A three-year collective labour agreement was signed on October 22, 2025 with the 210-member operators' union of Minera Valle Central, Amerigo's 100%-owned operation near Rancagua, Chile. The contract is effective from October 29, 2025 through October 29, 2028. MVC produces copper concentrate and molybdenum concentrate as a by-product by processing fresh and historic tailings from Codelco's El Teniente mine.
CorporateAmerigo Reports Q3-2025 Operational Results
Q3-2025 copper production at Minera Valle Central in Chile was 14.6 million pounds, with molybdenum output of 0.35 million pounds and cash cost of $1.80/lb; YTD-2025 production was 43.3 M lbs copper and 0.97 M lbs molybdenum. Following a ten-day August suspension of fresh tailings from Codelco's El Teniente mine, 2025 copper output is now expected at 60 to 61.5 million pounds, 2% to 5% below the 62.9 M lbs guidance, while cash cost guidance of $1.93/lb remains. Bank debt stood at $7.5 million, with $3.5 million paid in Q3 dividends.
CorporateAmerigo’s MVC Resumes Fresh Tailings Processing
Minera Valle Central began receiving fresh tailings again during the night of Sunday, August 10, 2025, after El Teniente received approval from Chile's National Geology and Mining Service and the Labour Directorate on August 9 to restart operations in eight of its twelve underground sectors; four sectors remain shut down. MVC is processing both fresh and historic tailings, and expects daily fresh tailings throughput below its 2025 production schedule until El Teniente normalizes. A production update is planned once throughput data is available.
CorporateAmerigo Provides Update on MVC Operations
Processing of fresh tailings at Minera Valle Central near Rancagua, Chile has been temporarily suspended after a July 31, 2025 seismic event triggered a rockfall in the Andesita sector of Codelco's El Teniente underground mine, killing six workers and prompting Codelco to suspend operations there. MVC will focus on processing historic tailings, with the daily loss of copper production estimated at 100,000 pounds per day. The impact on annual production guidance cannot yet be quantified.
CorporateAmerigo Announces Q2-2025 Results & Quarterly Dividend
Q2-2025 net income was $7.5 million, or EPS of $0.05, on revenue of $50.8 million, with EBITDA of $17.8 million and free cash flow to equity of $6.5 million. Copper production at Minera Valle Central in Chile was 15.5 million pounds at an average copper price of $4.42/lb and cash cost of $1.82/lb, versus 14.0 million pounds and $1.96/lb a year earlier. A sixteenth consecutive quarterly dividend of Cdn$0.03 per share is payable September 19, 2025 to holders of record August 29, 2025; $7.6 million was returned to shareholders in the quarter, including 3.1 million shares bought back.
CorporateAmerigo Reports Q2-2025 Operational Results
Minera Valle Central in Chile produced 15.52 million pounds of copper and 0.39 million pounds of molybdenum in Q2-2025, bringing first-half copper output to 28.8 M lbs, or 46% of 2025 guidance of 62.9 M lbs. Q2 cash cost was $1.82/lb and H1 $2.00/lb, with annual guidance of $1.93/lb maintained. Amerigo returned $7.6 million to shareholders in the quarter ($4.0 million in buybacks, $3.5 million in dividends), $12.1 million year-to-date; bank debt was $7.5 million at June 30.
CorporateAmerigo Announces Board Appointment
Ignacio Cruz has been appointed to Amerigo Resources' board of directors. Cruz is a Civil Engineer with over forty years of experience in the Chilean mining, energy and civil society sectors, most recently as Executive Chair of TECHO International and previously CEO of Colbún S.A. His mining background includes fourteen years with Antofagasta Minerals, including roles as General Manager of Los Pelambres and El Tesoro.
ManagementDATE CORRECTION – Amerigo will report Q1-2025 Financial Results on May 7, 2025
Q1-2025 financial results will be released on Wednesday, May 7, 2025, at the market open, correcting the May 5, 2025 date given in the April 9, 2025 operational results news release. Amerigo's Annual General Meeting of Shareholders will be held on May 5, 2025. The quarterly investor conference call is scheduled for Thursday, May 8, 2025 at 11:00 a.m. Pacific Daylight Time / 2:00 p.m. Eastern Daylight Time.
CorporateAmerigo Announces Q1-2025 Results & Quarterly Dividend
Q1-2025 net income was $3.3 million (EPS $0.02) on revenue of $44.2 million, with EBITDA of $15.2 million, operating cash flow before non-cash working capital changes of $11.6 million and free cash flow to equity of $4.8 million, versus net income of $4.3 million in Q1-2024. MVC in Chile produced 13.2 million pounds of copper at a cash cost of $2.22/lb and an average copper price of $4.42/lb; annual guidance of 62.9 million pounds is unchanged. A 15th consecutive quarterly dividend of Cdn$0.03 per share is payable June 20, 2025, to holders of record May 30, 2025, after $4.6 million was returned via dividends and buybacks in the quarter.
CorporateAmerigo Announces Results of AGM
Shareholders approved all items of business at Amerigo Resources' 2025 Annual General Meeting held on May 5, 2025, including the election of all six director nominees. A total of 68,548,449 common shares were voted, representing 41.70% of the votes attached to all outstanding common shares. Support by proxy ranged from 97.28% for Klaus Zeitler to 99.18% for Aurora Davidson. Detailed results are available on SEDAR+.
CorporateAmerigo Reports Q1-2025 Operational Results
Q1-2025 copper production at the Minera Valle Central operation near Rancagua, Chile was 13.2 million pounds, along with 0.24 million pounds of molybdenum, with plant availability of 97.6% and cash cost of $2.22 per pound. The annual plant maintenance shutdown was completed during the quarter, and 2025 guidance of 62.9 million pounds of copper and 1.3 million pounds of molybdenum, at a cash cost of $1.93/lb, remains in place. Amerigo returned $4.6 million to shareholders, $3.5 million in dividends and $1.1 million in buybacks; cash was $27.7 million at March 31, 2025 with $11.5 million of bank debt. Q1-2025 financial results are scheduled for May 5, 2025.
CorporateAmerigo Announces 2024 Results & Quarterly Dividend
Full-year 2024 net income was $19.2 million, or $0.12 per share, on revenue of $192.8 million, with EBITDA of $68.8 million, free cash flow to equity of $27.8 million and cash cost of $1.89/lb. Minera Valle Central in Chile produced 64.6 million pounds of copper, 4% above guidance of 62.4 M lbs, and 1.3 M lbs of molybdenum. A 14th quarterly dividend of Cdn$0.03 per share is payable March 20, 2025 to holders of record March 6, 2025.
CorporateAmerigo’s MVC Copper Operation Attains Significant Safety Milestone- Three Consecutive Years Without Lost-time Accidents
Minera Valle Central, Amerigo's 100%-owned operation near Rancagua, Chile, has completed three consecutive years without lost-time accidents, covering 1,823,782 man-hours worked by employees. MVC currently employs 296 workers, with more than 880 workers and subcontractors on site daily at peak times such as the annual maintenance shutdown. MVC processes fresh and historic tailings from Codelco's El Teniente mine to produce copper concentrate and molybdenum concentrate.
CorporateAmerigo Reports 2024 Operational Results & Provides 2025 Guidance
Minera Valle Central in Chile produced 64.6 million pounds of copper in 2024, 4% above guidance of 62.4 M lbs, with record deliveries of 65.0 M lbs and 1.3 M lbs of molybdenum. Cash cost was $1.89/lb and normalized cash cost $1.87/lb versus $2.08/lb guidance. For 2025, Amerigo guides 62.9 M lbs copper, 1.3 M lbs molybdenum, normalized cash cost of $1.93/lb and EBITDA of $66.7 million, and plans to be debt-free by December 2025.
Corporate
202415 releases
Amerigo Renews Normal Course Issuer Bid
The TSX has approved a renewed normal course issuer bid allowing Amerigo Resources to purchase for cancellation up to 12,000,000 common shares, about 10% of its public float as of November 26, 2024, running from December 2, 2024 to December 1, 2025. The daily purchase limit is 62,309 shares, 25% of the six-month average daily trading volume of 249,238 shares. Under the prior NCIB, 1,436,754 shares were repurchased at a weighted average price of Cdn$1.76.
CorporateAmerigo Announces Q3-2024 Results & Quarterly Dividend
Q3-2024 net income was $2.8 million, or $0.02 per share, versus a $5.8 million net loss in Q3-2023, on revenue of $45.4 million, EBITDA of $13.3 million and free cash flow to equity of $5.9 million. Copper production at Minera Valle Central in Chile rose 46% to 16.3 million pounds at a cash cost of $1.93/lb, with an average copper price of $4.22/lb. A 13th quarterly dividend of Cdn$0.03 per share is payable December 20, 2024 to holders of record November 29, 2024.
CorporateAmerigo Reports Q3-2024 Operational Results
Minera Valle Central in Chile produced 16.3 million pounds of copper and 0.3 million pounds of molybdenum in Q3-2024, with 70% of copper from fresh tailings and 97% plant availability, bringing YTD-2024 output to 46.2 M lbs copper and 1.0 M lbs molybdenum against annual guidance of 62.4 M lbs and 1.2 M lbs. Q3 cash cost was $1.93/lb versus $2.08/lb guidance, and the realized copper price was $4.22/lb. Amerigo paid $8.5 million in dividends in the quarter ($15.8 million YTD) and held $25.1 million cash with $15.5 million bank debt at September 30, 2024. Q3 financial results are due October 30, 2024.
CorporateAmerigo Announces Q2-2024 Results & Quarterly Dividend
Q2-2024 net income was $9.8 million, or $0.06 per share, on revenue of $51.6 million, versus a net loss of $3.8 million in Q2-2023. EBITDA was $22.3 million and free cash flow to equity was $6.7 million, with copper production of 14.0 million pounds at a cash cost of $1.96/lb and an average MVC copper price of $4.39/lb at the Minera Valle Central operation in Chile. A twelfth quarterly dividend of Cdn$0.03 per share was declared, payable September 20, 2024, to holders of record August 30, 2024.
CorporateAmerigo Reports Q2-2024 Operational Results
Minera Valle Central in Chile produced 14.0 million pounds of copper and 0.3 million pounds of molybdenum in Q2-2024, bringing H1-2024 copper output to 30.0 M lbs, or 48% of Amerigo's maintained 2024 guidance of 62.4 M lbs. Q2 cash cost was $1.96/lb versus guidance of $2.08/lb, with a realized copper price of $4.39/lb. Cash was $28.7 million and bank debt $15.5 million at June 30. A first performance dividend of Cdn$0.04 per share was declared July 8, 2024.
CorporateAmerigo Declares Initial Performance Dividend
An initial Performance Dividend of Cdn$0.04 per share was declared on July 8, 2024, payable August 6, 2024 to shareholders of record July 16, 2024, and designated an eligible dividend for Canadian tax purposes. Combined with quarterly dividends of Cdn$0.03 per share, this represents a 10.3% annual yield based on the June 30, 2024 closing price of Cdn$1.55. Since September 2021, Amerigo has paid Cdn$0.32 per share in quarterly dividends ($40.5 million) and repurchased 20.1 million shares for $23.7 million.
CorporateAmerigo Announces Board of Director Changes
Michael Luzich has retired from Amerigo Resources' board of directors effective June 30, 2024, having joined on May 12, 2020. Luzich, founder of Luzich Partners LLC and a significant shareholder of the Company, is stepping down to devote more time to his other business endeavours. Amerigo produces copper and molybdenum concentrate at the MVC operation in Chile by processing tailings from Codelco's El Teniente mine.
ManagementAmerigo Provides Update Following Heavy Rains in Chile
Heavy rains at Minera Valle Central near Rancagua, Chile totalled 267 mm between June 13 and June 23, 2024, causing water accumulation in the Cauquenes historic tailings deposit and halting processing of historic tailings, with an estimated production impact of 1.0 million pounds of copper. About 1.6 million cubic meters of rainwater have been extracted; water removal should conclude June 29 and processing resume June 30, 2024. Guidance of 62.4 million pounds of copper and 1.2 million pounds of molybdenum is maintained.
CorporateAmerigo Provides Update on Heavy Rains in Chile
Heavy rains of 116 mm on June 13 and 14, 2024 near Minera Valle Central in Chile caused water accumulation in the Cauquenes historic tailings deposit, halting processing of historic tailings, with 408,000 cubic meters of rainwater extracted to date. The estimated production impact is 0.55 million pounds of copper, and 2024 guidance of 62.4 million pounds of copper and 1.2 million pounds of molybdenum is unchanged. Further heavy rains are forecast for the week of June 17, 2024.
CorporateAmerigo Announces Q1-2024 Results & Quarterly Dividend
Q1-2024 net income was $4.3 million ($0.03 EPS) on revenue of $44.9 million, with EBITDA of $13.6 million and free cash flow to equity of $7.3 million, versus net income of $9.1 million in Q1-2023. Minera Valle Central in Chile produced 16.0 million pounds of copper and 0.3 million pounds of molybdenum at a cash cost of $1.96/lb, with an average copper price of $3.95/lb. A quarterly dividend of Cdn$0.03 per share is payable June 20, 2024, to holders of record May 30, 2024.
CorporateAmerigo Announces Results of AGM
Shareholders approved all items of business at the 2024 Annual General Meeting held April 30, 2024, including the election of all seven director nominees. A total of 75,607,500 common shares were voted, representing 45.72% of the votes attached to all outstanding common shares. Support by proxy ranged from 85.42% for Margot Naudie to 99.53% for Michael Luzich. Detailed voting results are available on SEDAR+.
CorporateAmerigo Reports Strong Q1-2024 Operational Results
Q1-2024 copper production at Minera Valle Central in Chile was 16.0 million pounds, 2% above guidance, with molybdenum production of 0.32 million pounds, 4% over guidance. Cash cost was $1.96 per pound, or $1.89 per pound normalized to exclude a $0.07/lb collective labour agreement signing bonus, 9% below the 2024 guidance of $2.08/lb. Cash was $13.8 million and bank debt $19.5 million at March 31, 2024; a $3.7 million quarterly dividend was paid. Q1 financial results are due May 8, 2024.
CorporateAmerigo Announces 2023 Results & Quarterly Dividend
2023 net income was $3.4 million (EPS $0.02) on revenue of $157.5 million, with EBITDA of $34.6 million, compared with 2022 net income of $4.4 million and revenue of $168.1 million. Copper production at Minera Valle Central in Chile fell 10% to 57.6 million pounds due to heavy rains and flooding, cash cost rose to $2.17/lb from $1.98/lb, and $17.2 million was returned to shareholders. The Board declared a quarterly dividend of Cdn$0.03 per share, payable March 20, 2024 to holders of record March 6, 2024.
CorporateAmerigo Reports 2023 Production Results & Provides Increased 2024 Guidance
Minera Valle Central in Chile produced 57.64 million pounds of copper in 2023, including 16.37 million pounds in Q4-2023, against revised guidance of 57.8 M lbs, plus 1.15 M lbs of molybdenum, at a cash cost of $2.17/lb. Amerigo guided 2024 production to 62.4 M lbs of copper and 1.2 M lbs of molybdenum at a normalized cash cost of $2.08/lb, with projected EBITDA of $34.6 million using $3.60/lb copper. Year-end cash was $16.2 million and bank debt $21.3 million.
CorporateAmerigo’s MVC Signs Collective Labor Agreement with its Supervisors Union
Minera Valle Central, Amerigo Resources' 100%-owned operation near Rancagua, Chile, concluded negotiations on January 8, 2024 with its 68-member supervisors union, entering a new three-year collective agreement with a term date of January 7, 2027. MVC's other union, covering plant operators, has a three-year collective agreement with a term date of October 28, 2025. MVC processes fresh and historic tailings from Codelco's El Teniente mine.
Corporate
202317 releases
Amerigo Renews Normal Course Issuer Bid
TSX approval has been received for a new normal course issuer bid allowing Amerigo to purchase for cancellation up to 10,900,000 common shares, about 10% of its public float as of November 24, 2023, when 164,845,034 shares were outstanding and 109,114,122 formed the public float. The bid runs from December 2, 2023 to December 1, 2024, with a daily purchase limit of 33,822 shares. Under the prior NCIB, 2,281,187 shares were repurchased at a weighted average price of Cdn$1.57.
CorporateAmerigo’s MVC Receives Award from Chile’s IST (Workers Safety Institute)
Minera Valle Central (MVC), Amerigo's 100%-owned operation near Rancagua, Chile, received the 2023 Distinction for Excellence award from Chile's Workers Safety Institute (IST) on November 6, 2023, in the category for companies with over 100 employees. MVC has recorded more than 1.09 million hours, or more than 21 consecutive months, worked without lost time accidents, having reached an 18-month milestone last August.
CorporateAmerigo Announces Q3-2023 Results & Quarterly Dividend
Amerigo Resources reported a Q3-2023 net loss of $5.8 million, loss per share of $0.04 (Cdn$0.05) and EBITDA of $3.2 million on revenue of $30.3 million, as copper production at Minera Valle Central in Chile fell 31% to 11.1 million pounds due to severe rain disruptions resolved by September 21, 2023. Cash cost rose to $2.44/lb from $1.93/lb, and cash and restricted cash ended at $19.4 million. A quarterly dividend of Cdn$0.03 per share is payable December 20, 2023 to holders of record November 30, 2023.
CorporateAmerigo Reports Q3-2023 Production Results
Q3-2023 copper production at Minera Valle Central in Chile was 11.1 million pounds at a cash cost of $2.44 per pound, with 74% from fresh tailings; molybdenum production was 0.2 million pounds. Results reflected severe rain impacts, with MVC returning to full production on September 21, 2023, and Q4-2023 copper output expected to exceed the 16.6 million pounds produced in Q4-2022. Molybdenum guidance was raised from 1.0 to 1.1 million pounds, and $3.7 million was returned to shareholders via a Cdn$0.03 per share dividend.
CorporateAmerigo’s MVC Resumes Normal Production
Minera Valle Central, Amerigo's 100%-owned operation near Rancagua, Chile, has resumed normal production after removing more than 2.2 million cubic meters of water from the Cauquenes historical tailings deposit, and is processing both fresh and historical tailings. Q3-2023 copper production is estimated at approximately 11.1 million pounds, 2.7 million pounds below revised guidance of 13.8 M lbs. Q4-2023 guidance of 16.6 M lbs is unchanged, and the capital return strategy remains in place.
CorporateAmerigo Provides Q3-2023 Production Update
Q3-2023 copper production at Minera Valle Central near Rancagua, Chile is now expected to be approximately 2.7 million pounds lower than the Company's revised plan, as sustained heavy rainfall prevented processing of historic Cauquenes tailings and required all pumping equipment be used to remove water, while fresh El Teniente tailings continued to be processed. Year-to-date rainfall at MVC reached 695 mm as of September 10, 2023, versus 287 mm in all of 2022. Amerigo maintains its Q4-2023 target of 16.5 M lbs and its capital return strategy.
CorporateAmerigo Announces Q2-2023 Results & Quarterly Dividend
A net loss of $3.8 million (LPS of $0.02) and EBITDA of $1.7 million were reported for Q2-2023, on revenue of $32.0 million, with copper production of 13.6 million pounds at a cash cost of $2.37/lb and MVC's copper price averaging $3.80/lb. Production at Minera Valle Central in Chile was cut by an 8-day maintenance shutdown and eight additional days lost to June flooding, with normal operations resuming July 22, 2023. Cash and restricted cash were $35.9 million at June 30, 2023, and a quarterly dividend of Cdn$0.03 per share was declared, payable September 20, 2023 to holders of record August 30, 2023.
CorporateAmerigo Resumes Full Production at MVC
Minera Valle Central, Amerigo's 100%-owned operation near Rancagua, Chile, resumed full production from fresh and historic Cauquenes tailings on July 22, 2023, after reconnecting to Chile's central power grid on July 21 following repairs that included installing seven new high-voltage towers. Power was lost on June 23, 2023 when three MVC-owned towers collapsed after flooding; a secondary supply allowed production of 90,000 lbs of copper per day from July 6 to July 21. Guidance remains 60.5 million pounds of copper and 1.0 M lbs of molybdenum.
CorporateAmerigo Reports Q2-2023 Production Results and Provides MVC Operational Update
Q2-2023 copper production at Minera Valle Central in Chile was 13.6 million pounds, with molybdenum production of 0.3 million pounds and cash cost of $2.37 per pound, up from $1.91 in Q1-2023. An 8-day maintenance shutdown and flooding that severed MVC's connection to Chile's central power grid on June 23 cost 1.3 million pounds of June output; MVC resumed processing fresh tailings on July 6 at 90,000 pounds daily using secondary power, with full operations expected in the last week of July. Amerigo returned $4.5 million to shareholders in the quarter, including a Cdn$0.03 per share dividend, and maintains 2023 guidance of 60.5 million pounds of copper.
CorporateAmerigo Announces MVC Repairs Underway
Repairs to reconnect Minera Valle Central to Chile's central power grid are underway and expected to be completed by July 9, 2023, with normalized copper and molybdenum concentrate production resuming around July 10, 2023, two weeks earlier than initially estimated. Three high-voltage towers were downed by torrential rainfall on June 23, 2023, with no further infrastructure damage or injuries. Amerigo cut 2023 copper guidance to 60.5 M lbs from 62.3 M lbs; molybdenum guidance of 1.0 M lbs is unchanged.
CorporateAmerigo Provides Update on MVC Operations
Operations at Minera Valle Central, Amerigo's 100%-owned tailings processing operation near Rancagua, Chile, were temporarily suspended after heavy rain and rising water levels in the Cachapoal River brought down three high-voltage MVC towers on the night of June 23, 2023, causing a total plant power outage. No injuries or further damage to equipment, infrastructure or the environment were reported. Specialists indicate repairs could take up to four weeks, and two 1.5 MW generators were secured on June 24. Production impact is expected to be limited.
CorporateAmerigo Announces Q1-2023 Results & Quarterly Dividend
Q1-2023 net income was $9.1 million, or $0.05 per share (Cdn$0.07), on revenue of $52.6 million and EBITDA of $18.5 million, down from $15.5 million net income in Q1-2022 as the average copper price fell to $4.02/lb from $4.64/lb. Copper production at Minera Valle Central in Chile was 16.5 million pounds at a cash cost of $1.91/lb, with molybdenum output of 0.3 million pounds. Cash was $43.9 million at March 31, 2023. A quarterly dividend of Cdn$0.03 per share is payable June 20, 2023, to holders of record May 30, 2023.
CorporateAmerigo Announces Results of AGM
All seven director nominees were elected at Amerigo's 2023 Annual General Meeting held May 1, 2023, with support ranging from 78.58% of proxy votes for Margot Naudie to 99.50% for Michael Luzich. A total of 74,669,441 common shares were voted, representing 44.84% of the votes attached to all outstanding common shares. Detailed voting results are available on SEDAR.
CorporateAmerigo Reports Q1-2023 Production Results Above Guidance
Q1-2023 copper production at Minera Valle Central near Rancagua, Chile was 16.5 million pounds, 4.5% above guidance, with molybdenum production of 0.3 million pounds, 5.2% over guidance; cash cost was $1.91 per pound, 11% below the annual guided $2.14 per pound on higher molybdenum by-product credits. Amerigo's quarterly copper price was $4.02/lb and molybdenum $31.73/lb. Cash was $43.9 million and bank debt $24.5 million at March 31, 2023. The company returned $5.5 million to shareholders in the quarter via a Cdn$0.03 per share dividend and repurchase of 1.6 million shares. Q1 financial results are due May 3, 2023.
CorporateAmerigo Publishes ESG Scorecard
Amerigo Resources released its first ESG scorecard covering 2019 to 2022, published on a new website launched the same day. At the MVC operation in Chile, 83% of water consumed in 2022 was re-utilized and 0.157 cubic meters of water was required per tonne of copper processed, a 23% improvement over the prior year. All MVC electricity has been supplied from certified renewable sources since 2020, and 2022 usage was 1,295,820 gigajoules. MVC recorded a 2022 lost time injury rate of 0.33 per 200,000 hours worked.
CorporateAmerigo Announces 2022 Results & Quarterly Dividend
Full-year 2022 net income was $4.4 million ($0.03 EPS) on revenue of $168.1 million, with EBITDA of $48.7 million and free cash flow to equity of $17.1 million; adjusted net income was $15.9 million excluding an $11.5 million non-cash equipment write-down. Copper production at Minera Valle Central in Chile was 64.0 million pounds at a cash cost of $1.98/lb, and $28.0 million was returned to shareholders. A quarterly dividend of Cdn$0.03 per share is payable March 20, 2023 to holders of record March 6, 2023.
CorporateAmerigo Reports 2022 Production Results Above Guidance & Provides 2023 Guidance
Minera Valle Central in Chile produced 64 million pounds of copper in 2022, 3.4% above guidance of 61.9 M lbs, with 59% from fresh tailings; molybdenum production was 0.97 M lbs, below guidance. Cash cost was $1.98/lb, or $1.94/lb normalized excluding a labour signing bonus, 2% above the $1.90/lb guidance. For 2023, Amerigo guides 62.3 M lbs copper, 1.0 M lbs molybdenum, cash cost of $2.14/lb, EBITDA of $33.8 million and capital expenditures of $13.3 million.
Corporate
202211 releases
Amerigo Announces Renewal of Normal Course Issuer Bid
The Toronto Stock Exchange has accepted a new normal course issuer bid allowing Amerigo to buy back up to 11,080,000 common shares, or 6.67% of its 166,032,658 shares outstanding as at November 18, 2022, over twelve months beginning December 2, 2022 and ending no later than December 1, 2023. Daily purchases are limited to 62,016 shares, 25% of the six-month average daily volume of 248,067 shares, with one block purchase permitted weekly. All shares purchased will be cancelled. The prior NCIB was completed in June 2022, retiring 10.75 million shares at an average price of Cdn$1.62.
CorporateAmerigo Announces Q3-2022 Results & Quarterly Dividend
Q3-2022 results show a net loss of $4.4 million, or $0.03 per share, on revenue of $30.9 million, versus net income of $8.4 million and revenue of $48.1 million in Q3-2021, with EBITDA of $1.6 million and free cash flow to equity of $0.6 million. Results included $8.6 million in negative price settlement adjustments to Q2-2022 sales, with MVC's copper price at $3.50/lb and cash cost up 19% to $1.93/lb. Production was 16.0 million pounds of copper and 0.3 million pounds of molybdenum, and cash and restricted cash ended at $48.2 million. The board declared a quarterly dividend of Cdn$0.03 per share, payable December 20, 2022 to holders of record November 30, 2022.
CorporateAmerigo’s MVC Signs Collective Labor Agreement
Minera Valle Central, Amerigo's 100%-owned operation near Rancagua, Chile, concluded negotiations with its 198-member union on October 27, 2022, entering a new three-year collective agreement with a term date to October 28, 2025. MVC processes fresh and historic tailings from Codelco's El Teniente mine, producing copper concentrate and molybdenum concentrate as a by-product.
CorporateAmerigo Reports Q3-2022 Production Results
Minera Valle Central in Chile produced 16.0 million pounds of copper at a cash cost of $1.93 per pound in Q3-2022, with 54% from fresh tailings, plus 0.28 million pounds of molybdenum. Nine-month copper output reached 47.4 million pounds at $1.94/lb, and full-year production is modeled at 63.8 million pounds, 3% above guidance, with cash cost trending to $1.95/lb. Cash and restricted cash was $48.2 million at September 30, 2022; Q3-2022 results are due November 2, 2022.
CorporateAmerigo Announces Q2-2022 Results & Quarterly Dividend
Q2-2022 results included a net loss of $5.1 million, or $0.03 per share ($0.04 Cdn), on revenue of $33.6 million and EBITDA of $6.7 million, versus net income of $11.6 million in Q2-2021, with the loss driven by $5.1 million in negative final price settlement adjustments to Q1-2022 sales and the annual maintenance shutdown at Minera Valle Central in Chile. Copper production was 14.9 million pounds at a cash cost of $2.01/lb, and cash and restricted cash totalled $57.2 million at June 30, 2022. A quarterly dividend of Cdn$0.03 per share was declared, payable September 20, 2022 to holders of record August 31, 2022.
CorporateAmerigo Reports Q2-2022 Production Results
Minera Valle Central in Chile produced 14.9 million pounds of copper in Q2-2022 at a cash cost of $2.01/lb, bringing first-half output to 31.4 M lbs at $1.95/lb; molybdenum production was 0.18 M lbs. Full-year copper production is trending 3% above guidance, with annual cash cost trending to $1.96/lb. Amerigo returned $13.0 million to shareholders in the quarter, repaid $3.5 million of debt, and held $57.2 million in cash and restricted cash at June 30, 2022.
CorporateAmerigo Announces Completion of Normal Course Issuer Bid Over 6% of outstanding shares repurchased over 7 months
Amerigo has completed its normal course issuer bid, purchasing for cancellation 10.75 million common shares at an average cost of Cdn$1.62 per share, using US$13.7 million. The buyback represents 6.14% of shares outstanding at the NCIB's December 2, 2021 start and was finished ahead of the December 1, 2022 termination date, leaving 166,017,835 shares issued and outstanding. The company can only begin another NCIB after December 2, 2022 and currently pays a quarterly dividend of Cdn$0.03 per share.
CorporateAmerigo Announces Q1-2022 Results & Quarterly Dividend
Q1-2022 net income was $15.5 million, or $0.09 per share (Cdn$0.11), on revenue of $53.8 million, with EBITDA of $26.4 million and free cash flow to equity of $17.9 million. Copper production at Minera Valle Central in Chile rose 6% to 16.5 million pounds at a cash cost of $1.90/lb, with an average copper price of $4.64/lb. The board declared a quarterly dividend of Cdn$0.03 per share payable June 20, 2022 to holders of record May 30, 2022.
CorporateAmerigo Announces Results of AGM
Shareholders approved all items of business at Amerigo Resources' 2022 Annual General Meeting, held May 2, 2022, including the election of all seven director nominees: Klaus Zeitler, Robert Gayton, Alberto Salas, George Ireland, Aurora Davidson, Michael Luzich and Margot Naudie. A total of 93,101,661 common shares were voted, representing 53.45% of votes attached to all outstanding shares. Detailed voting results are available on SEDAR.
CorporateAmerigo Reports Q1-2022 Production Results
Minera Valle Central in Chile produced 16.5 million pounds of copper in Q1-2022 at a cash cost of $1.90/lb, with fresh tailings accounting for 58% of quarterly copper production and molybdenum output of 0.2 M lbs, slightly below guidance. The average copper price was $4.64/lb versus $4.32/lb in Q4-2021, and cash and restricted cash was $77.5 million at March 31, 2022. Amerigo returned $7.5 million to shareholders in the quarter; Q1 financial results are due May 4, 2022.
CorporateAmerigo Reports Record Revenue, Net Income and Cash Balances in 2021
2021 net income was $39.8 million ($0.22 per share; Cdn$0.28) on record revenue of $199.6 million, with EBITDA of $90.1 million and operating cash flow before non-cash working capital changes of $69.5 million; Q4-2021 net income was $8.9 million. Copper production at the MVC operation in Chile rose 13% to 63.4 million pounds at a cash cost of $1.75/lb, with 2022 guidance of 61.9 million pounds. A quarterly dividend of Cdn$0.03 per share is payable March 21, 2022 to holders of record March 4, 2022.
Corporate