Amerigo Reports Q2-2025 Operational Results

Core Viewpoint - Amerigo Resources Ltd. reported operational results for Q2-2025, highlighting strong copper production and a commitment to returning capital to shareholders through dividends and share buybacks [1][2][4]. Production and Operational Performance - In Q2-2025, Amerigo produced 15.52 million pounds of copper and 0.39 million pounds of molybdenum, with production slightly exceeding expectations due to lower weather-related disruptions [2][4]. - The total copper production for the first half of 2025 reached 28.8 million pounds, accounting for 46% of the annual guidance of 62.9 million pounds [5]. - The cash cost for Q2-2025 was $1.82 per pound, while the first half of 2025 averaged $2.00 per pound, maintaining the annual guidance of $1.93 per pound [6]. Financial Performance and Capital Return Strategy - Amerigo returned $7.6 million to shareholders in Q2-2025, with a total of $12.1 million returned in the first half of the year through dividends and share buybacks [4][8]. - The company has returned a total of $90.2 million to shareholders since implementing its Capital Return Strategy in October 2021, which includes quarterly dividends and share buybacks [12][13]. Market Conditions and Pricing - Copper prices increased throughout Q2-2025, with an average provisional price of $4.42 per pound, contributing to the company's strategy of reducing debt and enhancing shareholder returns [3][7]. - The average molybdenum price in Q2-2025 was $20.44 per pound, showing a slight increase from the previous quarter [7]. Cash Position and Debt Management - As of June 30, 2025, Amerigo's cash position was $23.3 million, with outstanding bank debt reduced to $7.5 million, reflecting a decrease of $4.0 million since the end of 2024 [9].