Amerigo Reports Q3-2025 Operational Results

Core Viewpoint - Amerigo Resources Ltd. reported operational results for Q3-2025, indicating production challenges due to an accident at the El Teniente mine, which affected fresh tailings throughput and led to a downward revision of annual copper production guidance [1][2][4]. Production and Operational Performance - In Q3-2025, MVC produced 14.6 million pounds of copper and 0.35 million pounds of molybdenum, with a plant availability of 98.3% and no lost-time accidents [5][11]. - Fresh tailings throughput was significantly impacted, with a daily processing rate dropping to 92,607 tonnes per day in Q3-2025 from 129,387 tonnes per day in Q2-2025 [13]. - Despite the challenges, MVC's production in September aligned closely with its original monthly production budget [3]. Financial Performance - The average provisional copper price in Q3-2025 was $4.54 per pound, an increase from $4.42 per pound in Q2-2025 [9]. - Amerigo's cash cost in Q3-2025 was $1.80 per pound, with a year-to-date cash cost of $1.93 per pound, maintaining the annual cash cost guidance [7][11]. - The company returned $3.5 million to shareholders through dividends in Q3-2025, totaling $15.6 million year-to-date [10][11]. Production Guidance and Future Outlook - Amerigo expects to produce between 60 and 61.5 million pounds of copper in 2025, which is 2% to 5% lower than the original guidance of 62.9 million pounds [4][6]. - The company remains positioned to eliminate its debt by the end of 2025 while continuing its Capital Return Strategy [8][11]. Capital Return Strategy - Since implementing its Capital Return Strategy in October 2021, Amerigo has returned $93.7 million to shareholders, including $63.0 million through dividends and $30.7 million through share buybacks [14][15].