Amerigo Reports Record Q4-2025 Operational Results, Exceeds Revised 2025 Production Target and Provides 2026 Guidance

Core Viewpoint - Amerigo Resources Ltd. reported strong production results for 2025 from its Minera Valle Central operation, demonstrating resilience despite operational challenges and positioning itself for continued success in a high-copper-price environment [2][4][10]. Production Results - In 2025, MVC produced 62.2 million pounds of copper, slightly down from 64.6 million pounds in 2024, but exceeding the revised guidance of 60 to 61.5 million pounds [4][10]. - Molybdenum production reached 1.5 million pounds, up from 1.3 million pounds in 2024, significantly exceeding guidance [4]. - Q4-2025 saw record copper production of 18.9 million pounds [10]. Operational Efficiency - MVC's plant availability was reported at 98.4%, with no lost-time accidents or environmental incidents during the year [5]. - Cash cost for 2025 was $1.93 per pound, slightly higher than $1.89 per pound in 2024, while normalized cash cost was $1.87 per pound, below the guidance of $1.93 per pound [6]. Financial Performance - The average annual copper price for 2025 was $4.73 per pound, an increase from $4.15 per pound in 2024, with Q4-2025 averaging $5.35 per pound [7]. - The company repaid $11.5 million in debt, becoming debt-free in October 2025, and returned $20.3 million to shareholders through dividends and share buybacks [9]. Capital Expenditures - The approved capital expenditures budget for 2025 was $13.0 million, with actual expenditures of $10.9 million [8]. - For 2026, the capital expenditures budget is set at $17.5 million, including projects carried over from 2025 [19]. Future Guidance - For 2026, Amerigo expects to produce 63.8 million pounds of copper and 1.5 million pounds of molybdenum, marking the sixth consecutive year of increased production guidance [12]. - Projected EBITDA for 2026 is expected to be $74.5 million, with each $0.20 per pound increase in copper price potentially impacting EBITDA by $4.2 million [15][21]. Capital Return Strategy - Since implementing its Capital Return Strategy in October 2021, Amerigo has returned $98.4 million to shareholders, including $67.7 million through dividends and $30.7 million through share buybacks [22][23].