Amerigo Provides Update on MVC Operations

Core Viewpoint - A seismic event at the El Teniente mine has led to a tragic rockfall, resulting in the death of six workers and the suspension of operations, which will impact Amerigo Resources' production capabilities at Minera Valle Central (MVC) [2][3]. Company Overview - Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Codelco, the world's largest copper producer, focusing on producing copper and molybdenum concentrates from tailings [4]. Operational Impact - The rockfall at El Teniente has caused a suspension of fresh tailings supply to MVC, leading the company to process historic tailings instead [3][8]. - The estimated daily loss of copper production at MVC is approximately 100,000 pounds, but the overall impact on annual production guidance remains uncertain and will depend on the duration of the suspension at El Teniente [3][8]. Response to Incident - Following the rockfall, Codelco initiated search and rescue operations and suspended mining activities at El Teniente. Chile's President declared three days of national mourning in response to the incident [2][3].