Amerigo Announces Q2-2025 Results & Quarterly Dividend

Core Insights - Amerigo Resources Ltd. reported strong financial performance for Q2-2025, with net income of $7.5 million and earnings per share (EPS) of $0.05, despite a decrease in net income compared to Q2-2024 [2][14] - The company continues to return capital to shareholders through dividends and share buybacks, with $7.6 million returned in Q2-2025 [4][10] - Amerigo's operations at Minera Valle Central (MVC) met production and cash cost targets, and the company is on track to be debt-free by year-end [3][6] Financial Performance - Q2-2025 net income was $7.5 million, down from $9.8 million in Q2-2024, with EPS decreasing from $0.06 to $0.05 [11][14] - EBITDA for Q2-2025 was $17.8 million, compared to $22.3 million in Q2-2024 [11][14] - Operating cash flow before changes in non-cash working capital was $11.9 million, down from $14.3 million in the previous year [11][14] - Free cash flow to equity was $6.5 million, slightly down from $6.7 million in Q2-2024 [11][14] Capital Return Strategy - In Q2-2025, Amerigo returned $7.6 million to shareholders, including $3.5 million through dividends and $4.0 million from share buybacks [4][10] - The company declared its sixteenth consecutive quarterly dividend of Cdn$0.03 per share, representing an annual yield of 5.53% based on the closing share price of Cdn$2.17 [7][8] Operational Highlights - MVC produced 15.5 million pounds of copper in Q2-2025, an increase from 14.0 million pounds in Q2-2024, with an average copper price of $4.42 per pound [9][14] - Cash cost per pound produced decreased to $1.82 in Q2-2025 from $1.96 in Q2-2024, primarily due to lower smelting and refining charges [11][14] Market Outlook - The company expects strong long-term copper demand, supported by favorable fundamentals despite short-term trade tensions [5][6] - Amerigo's unique business model, which involves producing copper without traditional mining risks, positions it well to benefit from rising copper prices [6]