ARG. Amerigo Resources Ltd.

Amerigo’s MVC Copper Operation Attains Significant Safety Milestone

Amerigo’s MVC Copper Operation Attains Significant Safety Milestone

Three Consecutive Years Without Lost-time Accidents

VANCOUVER, British Columbia, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce that Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile, has reached a significant safety milestone, marked by three consecutive years without lost-time accidents. During these three years, a total of 1,823,782 man-hours were lodged by MVC’s employees.

“This new safety record reached by the MVC team is significant as it demonstrates the safety mindset and the effectiveness of the safety practices, training programs and tools in place at our operation. Our maxims that safety supersedes all production goals and that all workers should return home unharmed each day have clearly been internalized and put into practice by our workers,” said Aurora Davidson, Amerigo’s President and CEO.

“Our world-class safety record confirms our commitment to the well-being of our workers and ensures operational continuity and productivity while minimizing the potential for financial loss. MVC’s exceptional safety record is the cornerstone of the foundation on which all other aspects of the Company rest,” she added.

Currently, MVC employs 296 workers at its operation in Chile. At peak times, such as the annual maintenance shutdown, more than 880 MVC workers and subcontractors can work at MVC daily.

About Amerigo and MVC

Amerigo 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 Davidson

President and CEO

(604) 697-6207



Graham Farrell

Investor Relations

(416) 842-9003



EN
29/01/2025

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: Strong Cashflow in Q4; High Copper Price Setting Up Q1

What you need to know: • Amerigo reported Q4 & 2025 financial results, generating revenue of $50.8M (+12% YoY) vs. our expectation of $53.2M, driven by the lower copper price. EBITDA was $19.5M vs. $17.3M expected while OCF was $13.8M vs. $13.5M expected. • Annual results were also very strong, with revenue increasing 22% and adjusted EBITDA increasing 99%; exceeding annual guidance. • The copper price increased substantially after the quarter, positioning the Company for even stronger cash flo...

 PRESS RELEASE

Amerigo Announces 2024 Results & Quarterly Dividend

Amerigo Announces 2024 Results & Quarterly Dividend 2024 Net Income of $19.2 million Annual EBITDA1 of $68.8 million and Free Cash Flow to Equity1 of $27.8 million 14th Quarterly Dividend of Cdn$0.03 Declared $21.2 million Returned to Shareholders in 2024 VANCOUVER, British Columbia, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce financial results for the year and three months (“Q4-2024”) ended December 31, 2024. Dollar amounts in this news release are in U.S. dollars unless indicated otherwise. Am...

Ben Pirie
  • Ben Pirie

Mining Monthly: January Edition

What you need to know: • Following two months of poor returns, the metals and mining market rose sharply in January as tariff uncertainties rose and the treasury yields decreased. • In January, gold was up 6%, silver was up 7%, and copper was up 7%. The equities exhibited leverage to the commodity price increases, with the GDX up 16%, GDXJ up 15%, and SILJ up 10%. • Donald Trump introduced the “Unleashing American Energy” executive order, urging agencies to review regulatory policies for oil, na...

 PRESS RELEASE

Amerigo’s MVC Copper Operation Attains Significant Safety Milestone

Amerigo’s MVC Copper Operation Attains Significant Safety Milestone Three Consecutive Years Without Lost-time Accidents VANCOUVER, British Columbia, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce that Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile, has reached a significant safety milestone, marked by three consecutive years without lost-time accidents. During these three years, a total of 1,823,782 man-hours were lodged by MVC’s employees. “This new saf...

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 ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch