Amerigo Resources Q4 Earnings Call Highlights

Financial Performance - The company reported a net income of $35.4 million and earnings per share of $0.22 (CAD 0.30) for the year, with EBITDA of $89.8 million [1] - Revenue increased by 18% to $227 million compared to $192.8 million in 2024, driven by a 14% rise in average copper prices to $4.73 per pound [2][8] - Free cash flow to equity rose by 33% to $37 million, reflecting strong cash generation [2] Production and Operations - The company produced 62.2 million pounds of copper and 1.5 million pounds of molybdenum in 2025, exceeding revised guidance [5][6] - Plant availability remained above 98%, and the company maintained production targets despite disruptions in fresh tailings supply [4][8] - The company achieved operational performance despite a fatal accident at El Teniente, which affected fresh tailings supply [4][6] Cost and Efficiency - Cash cost for 2025 was reported at $1.93 per pound, up from $1.89, with total costs at $3.81 per pound, reflecting higher royalties and other factors [11] - The company eliminated all debt by year-end, ending 2025 with $40.3 million in cash and cash equivalents [12][13] Shareholder Returns - Amerigo returned $20.4 million to shareholders through dividends and buybacks, including a performance dividend of $0.05 per share declared in December [14][21] - The company spent $5.2 million to purchase and cancel 4 million common shares under a Normal Course Issuer Bid [21] Future Guidance - For 2026, the company targets copper production of 63.8 million pounds with a cash cost of $1.98 per pound and planned capital expenditures of $17.65 million [7][15] - Management indicated that each 10% change in copper prices could result in approximately $10.2 million revenue change, highlighting sensitivity to market conditions [7][17]