Amerigo Reports Q2-2025 Operational Results

Disclosure: Sponsored content on behalf of Amerigo Resources

Q2-2025 copper production of 15.5 million pounds
2025 production and cash cost¹ guidance remain in place
$7.6 million returned through Share Buybacks and Dividends in Q2-2025

Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) announced operational results for the quarter ended June 30, 2025 (“Q2-2025”) from Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile.

Operational results during the second quarter of the year were slightly better than expected, as inclement weather production interference at MVC was lower than allowed for in our guidance. MVC produced 15.52 million pounds of copper and 0.39 million pounds of molybdenum during Q2-2025. Having reached the half-year mark for 2025, our production and cash cost guidance remains on track.Aurora Davidson, President & CEO, Amerigo Resources Inc.

Copper prices continued to climb throughout the quarter, exhibiting solid increases from the $4.17 LME average copper price in April 2025. The positive momentum in copper pricing has remained in place through early July 2025. These rising copper prices have enabled Amerigo to execute its strategy of eliminating minimal debt by year-end 2025, while continuing to fully deploy its Capital Return Strategy.

Amerigo’s Capital Return Strategy includes quarterly dividends, performance dividends, and share buybacks. During the second quarter, Amerigo returned $7.6 million to shareholders, bringing the total capital returned during the first half of the year to $12.1 million.Aurora Davidson, President & CEO, Amerigo Resources Inc.

In Q2-2025, MVC produced 15.5 million pounds (“M lbs”) of copper and 0.39 M lbs of molybdenum. During the quarter, MVC’s plant availability was 99.0%, and there were no lost-time accidents involving MVC employees.

Copper production for the first half of 2025 (“H1-2025”) was 28.8 M lbs, representing 46% of Amerigo’s 2025 copper production guidance of 62.9 M lbs. H1-2025 molybdenum production of 0.62 M lbs is also in line with Amerigo’s annual molybdenum production guidance of 1.3 M lbs. Amerigo performed its yearly maintenance shutdown during Q1-2025, and the associated production impact is factored into the 2025 guidance.

Amerigo’s cash cost¹ in Q2-2025 was $1.82 per pound (“/lb”), and H1-2025 cash cost¹ was $2.00/lb. Based on the operational and cost projections for the remainder of 2025, Amerigo’s annual cash cost guidance of $1.93/lb (excluding MVC’s collective agreement signing bonuses) remains valid.

Amerigo’s average provisional copper price in Q2-2025 was $4.42/lb, which was also the Company’s average provisional copper price in Q1-2025. Q1-2025 copper deliveries were marked to market on March 31, 2025, at $4.42/lb and settled at the LME average monthly prices for April 2025 ($4.17/lb), May 2025 ($4.32/lb), and June 2025 ($4.46/lb).

The Company’s average molybdenum price was $20.44/lb, up from $20.14/lb in Q1-2025.

In Q2-2025, Amerigo returned $7.6 million to shareholders, $4.0 million through share buybacks and $3.5 million through the quarterly dividend. H1-2025 capital returned to shareholders totals $12.1 million ($7.0 million in quarterly dividends and $5.1 million in share buybacks).

On June 30, 2025, Amerigo’s cash position was $23.3 million ($12.6 million lower than December 31, 2024), and restricted cash was $0.9 million ($3.5 million lower than December 31, 2024). Outstanding bank debt was $7.5 million ($4.0 million lower than December 31, 2024).

Capital Return Strategy (“CRS”)

Since implementing its CRS in October 2021, Amerigo has returned $90.2 million to shareholders, $59.5 million through quarterly and performance dividends and $30.7 million through share buybacks, reducing by 14% the number of common shares outstanding at the inception of the CRS.

Amerigo’s CRS consists of three mechanisms: quarterly dividends, performance dividends, and share buybacks. These mechanisms provide shareholders with a consistent return on invested capital and quickly transfer the benefits of rising copper prices to Amerigo’s shareholders.

Release of Q2-2025 financial results on July 30, 2025

Amerigo will release its Q2-2025 financial results at the market open on Wednesday, July 30, 2025.

Investor conference call on July 31, 2025

Amerigo’s quarterly investor conference call will be held on Thursday, July 31, 2025, at 11:00 a.m. Pacific Daylight Time/2:00 p.m. Eastern Daylight Time.

Participants can join by visiting https://emportal.ink/3UvPORS and entering their name and phone number. The conference system will then call the participants and place them instantly into the call.

Alternatively, participants can dial directly to be entered into the call by an Operator. Dial 1-888-510-2154 (Toll-Free North America) and state they wish to participate in the Amerigo Resources Q2-2025 Earnings Call.

Interactive Analyst Center

Amerigo’s public financial and operational information is available for Excel download through Virtua’s Interactive Analyst Center (“IAC”). You can access the IAC by visiting www.amerigoresources.com under Investors > Interactive Analyst Center.

Amerigo Resources is a market awareness client of Capital 10X. For more information, including potential conflicts of interest please see our Content Disclaimer.

Duane Hope

Duane Hope is a Partner at Capital 10X, he brings over 15 years of communications and research experience to the firm. His research and writing have appeared in publications for North American, European and Asian audiences.