reports
- Ben Pirie
- Nicholas Cortellucci
- CFA
ARG: Slight Miss on Q1 Production; Copper Price Supports FCF
What you need to know: • Quarterly copper production was 13.2Mlbs, below our estimate of 14.9Mlbs due to the scheduled annual plant maintenance. • Cash costs came in at $2.22/lb, above our estimate of $1.88/lb. • Copper prices rose substantially in Q1, followed by a sharp drop in recent days due to U.S. tariffs, despite this, copper remains high at >$4.00/lb. • We recently published a note on our site visit to Amerigo’s MVC processing plant in Chile. Click here to read the full note. This m...
Amerigo Reports Q1-2025 Operational Results
Amerigo Reports Q1-2025 Operational Results Q1-2025 copper production of 13.2 million pounds Results in line with 2025 guidance of 62.9 million pounds of copper Scheduled annual plant maintenance shutdown completed in Q1-2025 Capital return to shareholders of $4.6 million in Q1-2025 VANCOUVER, British Columbia, April 09, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce operational results for the quarter ended March 31, 2025 (“Q1-2025”) from Minera Valle Central (“MVC”), the Company’s 100% owned operation lo...
- Ben Pirie
- Nicholas Cortellucci
- CFA
ARG: Highlights from Our MVC Site Visit
What you need to know: • We visited Amerigo’s MVC processing facility in Rancagua, Chile and were highly impressed with the site and plant, as well as the scale of the operation. • The copper price increased substantially after Q4, positioning the Company for even stronger cash flow in Q1/25. • For more information on ARG, you can find all our research on our website here and an interview we hosted with CEO Aurora Davidson, here. On March 26th, we visited Amerigo Resources’ (ARG:TSX, ARREF:OT...
- Ben Pirie
- Nicholas Cortellucci
- CFA
Q1/25 Recap: All Our Research in One Place!
Quarterly Coverage Update Q1/25 represented another excellent quarter for our firm, with strong performance from our coverage universe. This mainly came from our exposure to precious metals, notably silver. Our coverage universe was up 13% during the quarter and 40% over the last year, compared to the TSX, which was up 0.1% and 12%, respectively. The performance in Q1 was led by Santacruz Silver (+80%), Omai Gold Mines (+80%), and Tocvan Ventures (+67%). We also proudly hosted another Investor ...
DRX ADF GROUP INC.
ARG. AMERIGO RESOURCES LTD.
EDG. ENDURANCE GOLD
SCZ. SANTACRUZ SILVER MINING
NIM NICOLA MINING INC
RIO RIO TINTO PLC
KNR. KONTROL ENERGY CORP
GIGA GIGA METALS
TOC TOCVAN VENTURES
APM ANDEAN PRECIOUS METALS CORP
PNTZF TRIGON METALS INC.
OMG OMAI GOLD MINES CORP
BQE BQE WATER INC.
DNG DYNACOR GROUP INC.
MOO MOON RIVER MOLY LTD
AUAU ALLEGIANT GOLD
FISH SAILFISH ROYALTY CORP.
CAPT CAPITAN SILVER CORP
SBIO SABIO HOLDINGS
INC. (SBIO)
- Ben Pirie
Mining Monthly: March Edition
What you need to know: • The metals and mining market showed a third straight month of strong gains in March as investors moved into safe haven assets to protect from trade tensions and economic uncertainty. • In March, gold was up 3.4%, silver was up 0.8%, and copper was up 6.1%. The equities largely outperformed compared to the commodities, with the GDX up 15.7%, GDXJ up 17.6%, and SIL up 13.6%. • The Trump administration announced an executive order to increase American mineral production acr...
ARG. AMERIGO RESOURCES LTD.
EDG. ENDURANCE GOLD
SCZ. SANTACRUZ SILVER MINING
NIM NICOLA MINING INC
RIO RIO TINTO PLC
GIGA GIGA METALS
TOC TOCVAN VENTURES
APM ANDEAN PRECIOUS METALS CORP
PNTZF TRIGON METALS INC.
OMG OMAI GOLD MINES CORP
DNG DYNACOR GROUP INC.
MOO MOON RIVER MOLY LTD
AUAU ALLEGIANT GOLD
FISH SAILFISH ROYALTY CORP.
CAPT CAPITAN SILVER CORP
- Ben Pirie
Mining Monthly: February Edition
What you need to know: • After January’s strong gains in the metals and mining markets, February saw further growth across spot prices with the equities lagging due to cautious investor sentiment. • In February, gold hit all-time highs up 3.4%, silver was up 0.8%, and copper up 6.1%. The equities underperformed compared to the metals, with the GDX up 1.9%, GDXJ up 0.5%, and SIL up 0.3%. • British Columbia has launched a fast-track plan for 18 projects worth ~$20B, aiming to accelerate economic ...
ARG. AMERIGO RESOURCES LTD.
EDG. ENDURANCE GOLD
SCZ. SANTACRUZ SILVER MINING
NIM NICOLA MINING INC
GIGA GIGA METALS
TOC TOCVAN VENTURES
PNTZF TRIGON METALS INC.
OMG OMAI GOLD MINES CORP
DNG DYNACOR GROUP INC.
MOO MOON RIVER MOLY LTD
AUAU ALLEGIANT GOLD
FISH SAILFISH ROYALTY CORP.
CAPT CAPITAN SILVER CORP
- 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...
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
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...
ARG. AMERIGO RESOURCES LTD.
EDG. ENDURANCE GOLD
SCZ. SANTACRUZ SILVER MINING
NIM NICOLA MINING INC
TOC TOCVAN VENTURES
PNTZF TRIGON METALS INC.
OMG OMAI GOLD MINES CORP
DNG DYNACOR GROUP INC.
MOO MOON RIVER MOLY LTD
AUAU ALLEGIANT GOLD
FISH SAILFISH ROYALTY CORP.
CAPT CAPITAN SILVER CORP
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
- 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 ...
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...
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