Amerigo Resources Ltd
TSX:ARG
Amerigo Resources Ltd
Amerigo Resources Ltd. is engaged in the production and sale of copper and molybdenum concentrates. The company is headquartered in Vancouver, British Columbia. The MVC operation is located approximately 8 kilometer east of the city of Rancagua and over 90 kilometer south of Chile’s capital city of Santiago. MVC is involved in reprocessing tailings generated from the El Teniente mine.
Solid Quarter: Amerigo delivered strong operational and financial results, highlighted by robust copper and molybdenum production and effective cost management.
Revenue & Earnings: Q2 2025 revenue was $50.8 million, with net income of $7.5 million and EBITDA of $17.8 million.
Copper Prices: Copper sold at an average price of $4.42 per pound, in line with Q1, and above annual budget expectations.
Cost Control: Cash cost per pound declined to $1.82 in Q2, beating the annual guidance of $1.93, with management expecting to meet its full-year cost targets.
Shareholder Returns: $7.6 million returned to shareholders via regular dividends and share buybacks, with a sharp increase in buyback activity during Q2.
Debt Repayment: Amerigo plans to be debt-free by year-end 2025, having accelerated scheduled repayments.
Copper Market Tightness: Management highlighted tightness in global copper markets, low inventories, and resilient demand, supporting positive price outlook.
Guidance Unchanged: No changes to production, cost, or CapEx guidance; management remains confident in achieving 2025 targets.
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