As reported in the Company's news release of August 6, 2025, operations at the El Teniente underground copper mine, owned by Corporación Nacional del Cobre de Chile ("Codelco"), were suspended on the evening of July 31, 2025. This followed a seismic event that, unfortunately, resulted in the death of six workers. While operations at the mine and the supply of fresh tailings to MVC were suspended, Amerigo continued to process historic tailings. VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- A ...

Amerigo's Q2-2025 financial results included net income of $7.5 million, earnings per share ("EPS") of $0.05, EBITDA of $17.8 million, operating cash flow from operations before changes in non-cash working capital of $11.9 million and free cash flow to equity of $6.5 million. In Q2-2025, Amerigo returned $3.5 million to shareholders through its quarterly dividend of Cdn$0.03 per share and $4.0 million from the purchase and cancellation of 3.1 million common shares through a Normal Course Issuer Bid ("NCIB") ...

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]

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 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]

Core Points - Amerigo Resources Ltd. has corrected the date for its Q1-2025 financial results release, which will now occur on May 7, 2025, instead of May 5, 2025 [2] - The company will hold its Annual General Meeting of Shareholders on May 5, 2025 [2] - A quarterly investor conference call is scheduled for May 8, 2025, at 11:00 a.m. Pacific Daylight Time [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 [5] - The company produces copper concentrate and molybdenum concentrate as a by-product at its Minera Valle Central (MVC) operation in Chile, processing tailings from Codelco's El Teniente mine [6]