ARG. Amerigo Resources Ltd.

Amerigo Announces Board of Director Changes

Amerigo Announces Board of Director Changes

VANCOUVER, British Columbia, July 02, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) announces that Michael Luzich has retired from Amerigo’s board of directors effective June 30, 2024. Mr. Luzich joined the Amerigo board on May 12, 2020.

Mr. Luzich is the founder of Luzich Partners LLC, a multi-strategy investment firm formed in 2013 and a significant shareholder of the Company.

Mr. Luzich is stepping down from the Amerigo board of directors to devote more time to his other business endeavours.

“I would like to extend our appreciation to Michael for having served as a director of the Company over the last four years and for his insights and contributions during this time,” stated Dr. Klaus Zeitler, Executive Chair of Amerigo. “We are sure Michael will continue adding to his successful track record for many years,” Dr. Zeitler added.

About Amerigo and MVC

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.

Amerigo 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. Tel: (604) 681-2802; Web: ; Listing: ARG: TSX.

Contact Information 
Aurora DavidsonGraham Farrell
President and CEOInvestor Relations
(604) 697-6207(416) 842-9003


EN
02/07/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Amerigo Resources Ltd.

Ben Pirie ... (+3)
  • Ben Pirie
  • Nicholas Cortellucci
  • CFA

ARG: Large Dividend Yield & Leverage to Copper

What you need to know: • Amerigo has a stellar capital return policy, currently offering a 7.4% dividend yield. The Company has returned C$0.62/share in the form of dividends and buybacks to shareholders since 2021. • ARG has a strategic contract with a world-class asset, Codelco’s El Teniente, and is highly leveraged to the copper price. • ARG trades at only 2.4x/2.5x 2024E/2025E EBITDA despite its long-term track record of creating shareholder value. Amerigo Resources (ARG:TSX, ARREF:OTC) is ...

 PRESS RELEASE

Amerigo Reports 2024 Operational Results & Provides 2025 Guidance

Amerigo Reports 2024 Operational Results & Provides 2025 Guidance 2024 Copper Production of 64.6 million pounds, Outperforming Guidance 2024 Cash Cost1 $1.89 per pound, Outperforming Guidance 2025 Guidance Sees Amerigo Debt-Free by Year-end VANCOUVER, British Columbia, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce 2024 production results from Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile. Dollar amounts in this news release are in U.S...

 PRESS RELEASE

Amerigo Renews Normal Course Issuer Bid

Amerigo Renews Normal Course Issuer Bid Amerigo Redeploys Share Buybacks for One Year 12 Million Shares May be Purchased for Cancellation Initial Stage Buyback Levels to Offset Annual Dilution Amerigo’s Capital Return Strategy Now Fully Engaged VANCOUVER, British Columbia, Nov. 28, 2024 (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 Stock Exchange (the “TSX”) to proceed with a new normal course issuer bid (the “NCIB”). The NCIB will commence on December 2, 2024, and...

 PRESS RELEASE

Amerigo Announces Q3-2024 Results & Quarterly Dividend

Amerigo Announces Q3-2024 Results & Quarterly Dividend Q3-2024 Net Income of $2.8 million Robust EBITDA1 of $13.3 million and Free Cash Flow to Equity1 of $5.9 million 13th Quarterly Dividend of Cdn$0.03 declared Cdn$0.07 per share returned to Shareholders in Q3-2024 VANCOUVER, British Columbia, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce a strong financial performance for the three months ended September 30, 2024 (“Q3-2024”). Dollar amounts in this news release are in U.S. dollars unless...

 PRESS RELEASE

Amerigo Reports Q3-2024 Operational Results

Amerigo Reports Q3-2024 Operational Results Q3-2024 Copper Production of 16.3 million pounds, Outperforming Guidance Q3-2024 cash cost1 of $1.93 per pound, Outperforming Guidance Current Copper Prices Rising in Response to Global Stimulus $8.5 million in Quarterly and Performance Dividends Paid in Q3-2024 VANCOUVER, British Columbia, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce production results for the quarter ended September 30, 2024 (“Q3-2024”) from Minera Valle Central (“MVC”), the Company’s ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch