Renewal of NCIB Allows Continued Repurchase of Shares for CancellationUp to 11.7 Million Shares May be Purchased for CancellationPrimary NCIB Goal Remains Maintaining a Constant YOY Outstanding Share CountAmerigo’s Capital Return Strategy Includes Quarterly Dividends, Performance Dividends & NCIB VANCOUVER, British Columbia, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce that it has received approval from the Toronto Stoc ...

Core Insights - Solaris Resources Inc. announced the results of a Pre-Feasibility Study (PFS) for its Warintza Project, highlighting a significant increase in mineral resources and the establishment of maiden mineral reserves [2][5][28] - The Warintza Project is positioned to capitalize on a tightening copper market, with exceptional economics and a strong community support framework [4][6][20] Mineral Resource and Reserves - The updated Mineral Resource Estimate (2025 MRE) includes 3.7 billion tonnes of Measured and Indicated Resources, 2.1 billion tonnes of Inferred Resources, and 1.3 billion tonnes of Mineral Reserves [5][26] - The 2025 MRE reflects a 312% increase in Measured plus Indicated Mineral Resources compared to the 2024 MRE, with significant new mineralization identified [26][39] Economic Metrics - The project is expected to generate an average annual copper equivalent production of over 300,000 tonnes in the first five years and over 240,000 tonnes during the first 15 years [7][14] - The post-tax net present value (NPV) is estimated at US$4,617 million, with a post-tax internal rate of return (IRR) of 26% [7][29] - Initial capital costs are projected at US$3.7 billion, with a payback period of 2.6 years post-tax [7][29] Production and Operating Costs - The average All-In Sustaining Cost (AISC) is projected at US$0.85 per pound of payable copper for the first five years and US$1.07 for the first 15 years [7][29] - The project will utilize conventional open-pit mining methods, with a low strip ratio of 0.53 to 1, enhancing its economic viability [24][46] Community and Environmental Engagement - The company has established formal agreements with local Indigenous communities, ensuring shared benefits and participatory decision-making [20][21] - Solaris maintains close engagement with government authorities to facilitate permitting and environmental assessments [22][36] Infrastructure and Accessibility - The Warintza Project benefits from strong existing infrastructure, including paved highways and proximity to ports, which supports efficient transportation of materials [19][58] - The power supply for the project will be sourced from a 62.1 km overhead transmission line, ensuring adequate energy for operations [59]

Core Insights - Amerigo Resources Ltd. reported strong financial performance for Q3-2025, achieving a net income of $6.7 million and fully repaying corporate debt of $7.5 million on October 27, 2025 [1][3][4]. Financial Performance - Q3-2025 net income was $6.7 million, up from $2.8 million in Q3-2024, with earnings per share (EPS) increasing to $0.04 from $0.02 [2][7][11]. - EBITDA for Q3-2025 was $18.7 million, compared to $13.3 million in Q3-2024 [9][11]. - Operating cash flow before changes in non-cash working capital was $12.4 million, an increase from $8.9 million in Q3-2024 [9][11]. - Free cash flow to equity (FCFE) reached $11.1 million, up from $5.9 million in Q3-2024 [9][11]. Debt and Capital Return - The company achieved debt-free status, concluding a strategic ten-year period, with total debt repayment of $7.5 million [3][4]. - Since implementing its Capital Return Strategy in October 2021, Amerigo has returned $93.7 million to shareholders [4][28]. Dividend Information - A quarterly dividend of Cdn$0.04 per share was declared, representing an annual yield of 5.88% based on the closing share price of Cdn$2.72 [5][6][30]. - The dividend will be payable on December 19, 2025, to shareholders of record as of November 28, 2025 [5][30]. Market Conditions - The average copper price for Q3-2025 was $4.54 per pound, up from $4.22 per pound in Q3-2024, with a significant increase in October to $4.83 per pound [4][7][11]. - Recent copper supply disruptions have strengthened demand fundamentals, contributing to rising copper prices [4].

Core Points - Amerigo Resources Ltd. has signed a three-year collective labour agreement with the operators' union of Minera Valle Central, effective from October 29, 2025, to October 29, 2028 [1][2] - The agreement reflects constructive negotiations aimed at ensuring fair treatment and long-term security for MVC employees [2] - The new contract emphasizes the company's commitment to maintaining strong relationships with its employees, who are considered the foundation of the company's success [3] Company Overview - Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Codelco, the world's largest copper producer [5] - The company produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing tailings from Codelco's El Teniente mine [5]

Core Points - The company has signed a three-year collective labor agreement with the operators' union of Minera Valle Central, effective from October 29, 2025, to October 29, 2028, enhancing commitment to employees and operational stability [1][2][4] - The agreement was reached through constructive negotiations, reflecting the joint efforts of management and union representatives to ensure fair treatment and long-term security for employees [2][3] - The new collective agreement reaffirms the company's commitment to being an employer of choice in Chile, aiming for continued progress and success in the coming years [4] Company Overview - Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (Codelco), the world's largest copper producer [5] - The company produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco's El Teniente mine, the world's largest underground copper mine [5]

Core Points - Amerigo Resources Ltd. provides an operational update on its 100% owned Minera Valle Central (MVC) located in Chile [1] - The El Teniente underground copper mine has resumed operations in eight out of twelve sectors after receiving approval from Chile's National Geology and Mining Service [2] - MVC is now processing both fresh tailings from El Teniente and historic tailings, although daily throughput from fresh tailings is expected to be lower than initially forecasted [4][5] Company Operations - Amerigo Resources processes copper and molybdenum concentrates at MVC by utilizing fresh and historic tailings from Codelco's El Teniente mine [6] - Following a seismic event that led to the suspension of operations at El Teniente, Amerigo continued processing historic tailings during the downtime [3] - The company aims to mitigate production impacts by increasing the processing of historic tailings while monitoring El Teniente's throughput [5] Future Outlook - The timing of normalized operations at El Teniente will significantly influence MVC's production guidance moving forward [9]

Core Insights - Amerigo Resources Ltd. reported strong financial performance for Q2-2025, with net income of $7.5 million and earnings per share (EPS) of $0.05, despite a decrease in net income compared to Q2-2024 [2][14] - The company continues to return capital to shareholders through dividends and share buybacks, with $7.6 million returned in Q2-2025 [4][10] - Amerigo's operations at Minera Valle Central (MVC) met production and cash cost targets, and the company is on track to be debt-free by year-end [3][6] Financial Performance - Q2-2025 net income was $7.5 million, down from $9.8 million in Q2-2024, with EPS decreasing from $0.06 to $0.05 [11][14] - EBITDA for Q2-2025 was $17.8 million, compared to $22.3 million in Q2-2024 [11][14] - Operating cash flow before changes in non-cash working capital was $11.9 million, down from $14.3 million in the previous year [11][14] - Free cash flow to equity was $6.5 million, slightly down from $6.7 million in Q2-2024 [11][14] Capital Return Strategy - In Q2-2025, Amerigo returned $7.6 million to shareholders, including $3.5 million through dividends and $4.0 million from share buybacks [4][10] - The company declared its sixteenth consecutive quarterly dividend of Cdn$0.03 per share, representing an annual yield of 5.53% based on the closing share price of Cdn$2.17 [7][8] Operational Highlights - MVC produced 15.5 million pounds of copper in Q2-2025, an increase from 14.0 million pounds in Q2-2024, with an average copper price of $4.42 per pound [9][14] - Cash cost per pound produced decreased to $1.82 in Q2-2025 from $1.96 in Q2-2024, primarily due to lower smelting and refining charges [11][14] Market Outlook - The company expects strong long-term copper demand, supported by favorable fundamentals despite short-term trade tensions [5][6] - Amerigo's unique business model, which involves producing copper without traditional mining risks, positions it well to benefit from rising copper prices [6]

Core Viewpoint - Amerigo Resources Ltd. reported operational results for Q2-2025, highlighting strong copper production and a commitment to returning capital to shareholders through dividends and share buybacks [1][2][4]. Production and Operational Performance - In Q2-2025, Amerigo produced 15.52 million pounds of copper and 0.39 million pounds of molybdenum, with production slightly exceeding expectations due to lower weather-related disruptions [2][4]. - The total copper production for the first half of 2025 reached 28.8 million pounds, accounting for 46% of the annual guidance of 62.9 million pounds [5]. - The cash cost for Q2-2025 was $1.82 per pound, while the first half of 2025 averaged $2.00 per pound, maintaining the annual guidance of $1.93 per pound [6]. Financial Performance and Capital Return Strategy - Amerigo returned $7.6 million to shareholders in Q2-2025, with a total of $12.1 million returned in the first half of the year through dividends and share buybacks [4][8]. - The company has returned a total of $90.2 million to shareholders since implementing its Capital Return Strategy in October 2021, which includes quarterly dividends and share buybacks [12][13]. Market Conditions and Pricing - Copper prices increased throughout Q2-2025, with an average provisional price of $4.42 per pound, contributing to the company's strategy of reducing debt and enhancing shareholder returns [3][7]. - The average molybdenum price in Q2-2025 was $20.44 per pound, showing a slight increase from the previous quarter [7]. Cash Position and Debt Management - As of June 30, 2025, Amerigo's cash position was $23.3 million, with outstanding bank debt reduced to $7.5 million, reflecting a decrease of $4.0 million since the end of 2024 [9].

Core Insights - Amerigo Resources Ltd. reported a net income of $3.3 million for Q1-2025, a decrease from $4.3 million in Q1-2024, with earnings per share (EPS) of $0.02 compared to $0.03 in the previous year [2][8][11] - The company achieved an EBITDA of $15.2 million, up from $13.6 million in Q1-2024, and generated a free cash flow to equity of $4.8 million, down from $7.3 million in the same quarter last year [2][9][11] - A quarterly dividend of Cdn$0.03 per share was declared, marking the fifteenth consecutive quarterly dividend, with a total of $4.6 million returned to shareholders through dividends and share buybacks [6][7][11] Financial Performance - The average copper price for MVC in Q1-2025 was $4.42 per pound, compared to $3.95 per pound in Q1-2024, contributing to the company's revenue of $44.2 million, slightly down from $44.9 million year-over-year [8][11] - Operating cash flow before changes in non-cash working capital was $11.6 million, an increase from $10.2 million in Q1-2024, while net cash used in operating activities was $1.9 million, down from $4.5 million [2][11][17] - The cash cost per pound of copper produced increased to $2.22 in Q1-2025 from $1.96 in Q1-2024, primarily due to lower production levels [11][26] Shareholder Returns - In Q1-2025, Amerigo returned $4.6 million to shareholders, which included $3.5 million through dividends and $1.1 million from share repurchases [2][11][27] - The annual dividend yield based on the closing share price of Cdn$1.91 was calculated at 6.3% [7][11] Operational Insights - The company experienced a 17.5% decrease in copper production, with 13.2 million pounds produced in Q1-2025 compared to 16.0 million pounds in Q1-2024, attributed to the timing of the annual maintenance shutdown [11][12] - The maintenance shutdown was completed in Q1-2025, which is part of the normal operational cycle and has been factored into the annual production guidance of 62.9 million pounds of copper [3][4][11] Market Context - The company noted that the markets' response to shifting global trade patterns has led to short-term copper price volatility, but the year-to-date average London Metal Exchange copper price remains higher than the previous year's average [5][11] - The company aims to eliminate its remaining minimal debt by the end of the year, supported by the rising copper prices [5][11]

Core Points - Amerigo Resources Ltd. held its 2025 Annual General Meeting of Shareholders on May 5, 2025, where all items of business were approved by shareholders [1][2] - A total of 68,548,449 common shares were voted, representing 41.70% of the total outstanding shares [2] - The election results for the director nominees showed high approval rates, with Klaus Zeitler receiving 97.28% of votes in favor and Robert Gayton receiving 99.09% [2] Company Overview - Amerigo Resources Ltd. is an innovative copper producer with a long-term partnership with Corporación Nacional del Cobre de Chile (Codelco), the largest copper producer globally [3] - The company produces copper concentrate and molybdenum concentrate as a by-product at its MVC operation in Chile, processing tailings from Codelco's El Teniente mine, which is the largest underground copper mine in the world [3]