Amerigo Announces Strong 2025 Results & Quarterly Dividend

Core Insights - Amerigo Resources Ltd. reported strong financial results for 2025, with a net income of $35.4 million and basic earnings per share (EPS) of $0.22, reflecting a significant increase from the previous year [2][11] - The company returned $20.4 million to shareholders through dividends and share buybacks, marking the second year of full deployment of its Capital Return Strategy (CRS) [2][4] - The operational performance was bolstered by a 9% increase in the average annual London Metal Exchange (LME) copper price, which reached historical highs as of early 2026 [3][5] Financial Performance - In 2025, Amerigo achieved an EBITDA of $89.8 million and free cash flow to equity (FCFE) of $37.1 million, both showing substantial growth compared to 2024 [2][11] - The fourth quarter of 2025 saw a net income of $17.9 million and an EPS of $0.10, indicating strong quarterly performance [6][11] - Revenue for 2025 was $227.3 million, up from $192.8 million in 2024, driven by increased copper tolling revenue [11][18] Shareholder Returns - The company declared its eighteenth consecutive quarterly dividend of Cdn$0.04 per share, representing an annual dividend yield of 3.5% based on the closing share price of Cdn$4.54 [7][8] - Amerigo's share count was reduced by 2.8 million shares in 2025, and the company eliminated its debt, enhancing cash flow to shareholders [4][11] Operational Highlights - Copper production from Minera Valle Central (MVC) was 62.2 million pounds in 2025, slightly down from 64.6 million pounds in 2024, with an average copper price of $4.73 per pound [5][11] - The company reported a cash cost of $1.93 per pound in 2025, a slight increase from $1.89 per pound in 2024, attributed to rising labor and operational costs [11][27] Market Outlook - Amerigo remains optimistic about copper prices, citing strong market fundamentals and the potential for sustained high prices due to currency debasement [5][11] - The company plans to continue focusing on reliability, asset integrity, and long-term operational stability to support capital generation and returns to shareholders [5][11]