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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 ...
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...
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...
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...
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 ...
Amerigo Announces Q2-2024 Results & Quarterly Dividend
Amerigo Announces Q2-2024 Results & Quarterly Dividend Q2-2024 Net Income of $9.8 million Quarterly EBITDA1 of $22.3 million – Free Cash Flow to Equity1 of $6.7 million 12th Quarterly Dividend of Cdn$0.03 per share declared, representing a 10.3% yield3 Previously declared Cdn$0.04 Performance Dividend triggered by Q2-2024 financial strength VANCOUVER, British Columbia, July 31, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce financial results for the three months ended June 30, 2024 (“Q2-2024”...
Amerigo Reports Q2-2024 Operational Results
Amerigo Reports Q2-2024 Operational Results Q2-2024 Copper Production of 14.0 million pounds, 2024 Guidance Maintained $3.6M Quarterly Dividend Paid in Q2-2024, Additional $4.8 M Performance Dividend Declared Q2-2024 cash cost1 of $1.96 per pound, Outperforming Guidance Annual Maintenance Shutdown Completed According to Plan VANCOUVER, British Columbia, July 10, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce production results for the quarter ended June 30, 2024 (“Q2-2024”) from Minera Valle Central (“MVC”),...
Amerigo Declares Initial Performance Dividend
Amerigo Declares Initial Performance Dividend Performance Dividend of Cdn$0.04 per Share Declared1 Amerigo’s Capital Return Strategy to Investors Now Fully Deployed Annualized Dividend Yield of 10.3%2 VANCOUVER, British Columbia, July 09, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to declare the Company’s first Performance Dividend. “We are very pleased to report that Amerigo has declared its first Performance Dividend of Cdn$0.04 per share. This initial Performance Dividend provides significant, immediate, and addi...
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 busine...
Amerigo Resources Ltd: 1 director
A director at Amerigo Resources Ltd sold 26,994 shares at 1.560CAD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
Amerigo Provides Update Following Heavy Rains in Chile
Amerigo Provides Update Following Heavy Rains in Chile Limited production impact Production guidance is maintained No further rain is currently forecasted VANCOUVER, British Columbia, June 26, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is providing an operational update on Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile. Following the Company’s June 17, 2024 news release, Amerigo reports that heavy rains continued at MVC and have now ended. The total reported rainfall at MVC from J...
Amerigo Provides Update on Heavy Rains in Chile
Amerigo Provides Update on Heavy Rains in Chile Limited production impact reported to date No injuries or accidents reported to MVC personnel Additional heavy rains are expected during the week starting June 17, 2024 VANCOUVER, British Columbia, June 17, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is providing an operational update on Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile. Heavy rains occurred near MVC on Thursday, June 13, and Friday, June 14, 2024, with reported rainfall...
Amerigo Announces Q1-2024 Results & Quarterly Dividend
Amerigo Announces Q1-2024 Results & Quarterly Dividend Q1-2024 net income of $4.3 million Quarterly EBITDA1 of $13.6 million – free cash flow to equity1 of $7.3 million Current copper prices substantially above Q1-2024 average Quarterly dividend of Cdn$0.03 per share declared, representing a 7.7% yield3 VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce financial results for the three months ended March 31, 2024 (“Q1-2024”). Dollar amounts in this news release are in U.S. dol...
Amerigo Announces Results of AGM
Amerigo Announces Results of AGM VANCOUVER, British Columbia, May 01, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; ARREF:OTC) (“Amerigo” or the “Company”) announces the results of voting at its 2024 Annual General Meeting of Shareholders (the “AGM”) held on April 30, 2024. A total of 75,607,500 common shares were voted at the AGM, representing 45.72% of the votes attached to all outstanding common shares of the Company. Shareholders voted in favour of all items of business before the AGM, including the election of all director nominees as follows: NameVotes by Prox...
Amerigo Reports Strong Q1-2024 Operational Results
Amerigo Reports Strong Q1-2024 Operational Results Q1-2024 copper production of 16.0 million pounds, 2% over guidance Q1-2024 normalized cash cost1 of $1.89 per pound, beating guidance by 9% $3.7 million dividend to shareholders in Q1-2024 VANCOUVER, British Columbia, April 10, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce production results for the quarter ended March 31, 2024 (“Q1-2024”) from Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile. Dollar amounts in th...
Amerigo Announces 2023 Results & Quarterly Dividend
Amerigo Announces 2023 Results & Quarterly Dividend 2023 net income of $3.4 million Annual EBITDA1 of $34.6 million - $17.2 million returned to shareholders2 in 2023 Quarterly dividend of Cdn$0.03 per share declared, representing an 8.6% yield3 VANCOUVER, British Columbia, Feb. 21, 2024 (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 (“Q4-2023”) ended December 31, 2023. Dollar amounts in this news release are in U.S. dollars unless indicated otherwise. Amerigo’s ann...
Amerigo Reports 2023 Production Results & Provides Increased 2024 Guid...
Amerigo Reports 2023 Production Results & Provides Increased 2024 Guidance 2023 copper production of 57.6 M pounds 2023 cash cost1 $2.17 /lb 2024 increased copper production guidance of 62.4 M pounds 2024 cash cost1 guidance of $2.08 /lb VANCOUVER, British Columbia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) announced today 2023 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. dollars (“USD”) unless in...
Amerigo’s MVC Signs Collective Labor Agreement with its Supervisors Un...
Amerigo’s MVC Signs Collective Labor Agreement with its Supervisors Union 3-year agreement to January 7, 2027 The agreement ensures operational continuity at MVC VANCOUVER, British Columbia, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce that on January 8, 2024, Minera Valle Central ("MVC"), the Company’s 100% owned operation located near Rancagua, Chile satisfactorily concluded negotiations with its 68-member union of supervisors. The parties have entered into a new 3-year collective agreement with ...
Amerigo Renews Normal Course Issuer Bid
Amerigo Renews Normal Course Issuer Bid NCIB renewal confirms Amerigo’s commitment to a balanced Capital Return Strategy Up to 10.9 million shares may be retired over one year VANCOUVER, British Columbia, Nov. 28, 2023 (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, 2023, and may continue to December 1, 2024, or at ...
Amerigo’s MVC Receives Award from Chile’s IST (Workers Safety Institut...
Amerigo’s MVC Receives Award from Chile’s IST (Workers Safety Institute) VANCOUVER, British Columbia, Nov. 07, 2023 (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, received on November 6, 2023, the 2023 Distinction for Excellence award from Chile’s Workers Safety Institute (IST, Instituto de Seguridad del Trabajo). This national award recognizes companies' excellence, contributions and results in fostering a preventi...
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