{"id":25822,"date":"2023-02-24T10:14:40","date_gmt":"2023-02-24T15:14:40","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=25822"},"modified":"2024-03-20T18:38:25","modified_gmt":"2024-03-20T22:38:25","slug":"amerigo-resources-q4-2022-results","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/","title":{"rendered":"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023"},"content":{"rendered":"<p>Amerigo Resources (TSX: ARG) (OTCQX: ARREF) remains our favorite way to invest in the multi-year upcycle emerging in the copper sector.<\/p>\n<p><iframe loading=\"lazy\" title=\"Amerigo Resources: Q4 Results Signals the Good Times will Continue in 2023\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/bQnTtpGlZiY?feature=oembed&#038;enablejsapi=1&#038;origin=https:\/\/capital10x.com\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>With a business model that is truly unique in the mining industry, coupled with a reliable operating history, Amerigo has mitigated the two most important risks that can kill stock returns of the average mining company in our view:<\/p>\n<ul>\n<li>Production disappointments<\/li>\n<li>Poorly timed growth investments<\/li>\n<\/ul>\n<p>On the first, Amerigo beat production guidance in 2022 for the third year in a row, a rarity in the capital intensive world of copper mining.<\/p>\n<p>The Amerigo team has demonstrated they are conservative and operational savvy, supporting a reliable and transparent payout strategy for investors.<\/p>\n<p>Related to ill-timed growth investment\u2019s, Amerigo is a high-yielding mature business with minimal capital needs. Management smartly built growth capacity in 2016 when copper prices were low and is now rightly choosing to spend only what is needed to maintain operational reliability and ensure future production is sustainable.<\/p>\n<p>Amerigo is not going to blow excess cash on growth, but instead return it to shareholders during a copper bull market.<\/p>\n<div class=\"su-note\"  style=\"border-color:#bfbfba;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#d9d9d4;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">With a transparent and peer leading cash payout plan, Amerigo is the only security in the stock market that functions like a high payout leveraged copper fund with all the upside, but with less downside due to the sliding nature of Amerigo\u2019s royalties.<\/div><\/div>\n<p>To Recap:<\/p>\n<ul>\n<li>~$15 million dividend floor in 2023 above $3.80\/lb copper (8% yield as of February 22<sup>nd<\/sup>)<\/li>\n<li>6% increase in EBITDA for every 3% increase in copper prices<\/li>\n<li>Three years beating production guidance<\/li>\n<li>Could pay off the entire debt balance tomorrow with cash on hand<\/li>\n<li>Expected to end 2023 with Debt\/EBITDA of only 0.4x.<\/li>\n<\/ul>\n<p>Amerigo has the hallmarks of an underfollowed diamond in the rough, and we think investors will do well if all they do is simply buy the stock and clip the 8% coupon.<\/p>\n<p>However, with demand for copper from the EV and renewable energy industries set to grow strongly, we think Amerigo\u2019s total return has the potential to be far higher than 8%\/yr and will be hard for any other mining company to match.<\/p>\n<h2><strong>4Q and Full Year 2022 Operational Review<\/strong><\/h2>\n<p>Amerigo showcased another year of stellar operational results. Production of 16.6 million pounds in the fourth quarter was up 4% over the prior quarter and essentially flat in the same quarter last year.<\/p>\n<p>For the full year, production of 64 million pounds was 1% above 2021, and more importantly exceeded the company\u2019s guidance at the beginning of the year by 3.4%.<\/p>\n<p>Amerigo has demonstrated it is a first-class operator, after three straight years of\u00a0 exceeding production guidance.<\/p>\n<p>Though inflation has led to rising operating costs, Amerigo was able to bring costs\/lb down 4% from the 2022 peak in the second quarter, which is encouraging. The company expects cash costs will rise 10% in 2023.<\/p>\n<h4><strong>2022 Annual Operational Review<\/strong><\/h4>\n<figure id=\"attachment_25823\" aria-describedby=\"caption-attachment-25823\" style=\"width: 819px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25823\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-4Q-operational-Worksheet.png\" alt=\"\" width=\"819\" height=\"452\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-4Q-operational-Worksheet.png 819w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-4Q-operational-Worksheet-300x166.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-4Q-operational-Worksheet-768x424.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-4Q-operational-Worksheet-696x385.png 696w\" sizes=\"auto, (max-width: 819px) 100vw, 819px\" \/><figcaption id=\"caption-attachment-25823\" class=\"wp-caption-text\">Source: Amerigo Resources<\/figcaption><\/figure>\n<p>Financials also ended 2022 on a high note with net income, excluding a one-off write-down of equipment coming in at $9.9 million, 11% higher than 4Q 2021 even though copper prices were higher in the prior-year quarter.<\/p>\n<p>Cashflow before working capital was $35 million in 2022 compared to $69.5 million last year, due to lower copper prices in 2022. Importantly, Q4 cashflow of $15.6 million is on a much improved run rate compared to earlier in 2022.<\/p>\n<p>Management\u2019s guidance of ~$34 million of EBITDA at $3.60\/lb copper supports the current regular $0.12\/sh dividend by 1.5x times.<\/p>\n<h2><strong>2023 Guidance is Likely Conservative<\/strong><\/h2>\n<p>Amerigo released 2023 guidance in January, and expectations are being driven off of a copper price that so far is looking quite conservative vs year to date price levels.<\/p>\n<p>Amerigo expects to generate ~$34 million of EBITDA at $3.60\/lb copper. At the year-to-date copper price of $4.11, EBITDA would be $45 million based on management\u2019s guided sensitivities.<\/p>\n<p>With the dividend estimated to eat up only $15 million of cash, there is lots of room for investors to realize a return higher than the currently implied 8% dividend yield.<\/p>\n<p>If Amerigo were to maintain the same payout ratio as in 2022 (58% of EBITDA), the stock will yield 14% in 2023 at $4.11\/lb copper.<\/p>\n<p>Most importantly, the dividend is well supported at price levels well below where we are today, giving investors confidence in an 8% yield, even if the stock price goes nowhere. Management has commented in the past that the dividend is secure at copper prices of $3.80\/lb or above in 2023.<\/p>\n<p>We applaud management for continuing to provide conservative guidance, even in the face of a strongly supported supply and demand outlook.<\/p>\n<h4><strong>Amerigo EBITDA Sensitivities<\/strong><\/h4>\n<figure id=\"attachment_25824\" aria-describedby=\"caption-attachment-25824\" style=\"width: 1450px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25824\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Copper-Sensitivities.jpg\" alt=\"\" width=\"1450\" height=\"719\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Copper-Sensitivities.jpg 1450w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Copper-Sensitivities-300x149.jpg 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Copper-Sensitivities-1024x508.jpg 1024w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Copper-Sensitivities-768x381.jpg 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Copper-Sensitivities-696x345.jpg 696w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Copper-Sensitivities-1392x690.jpg 1392w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Copper-Sensitivities-324x160.jpg 324w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Copper-Sensitivities-648x320.jpg 648w\" sizes=\"auto, (max-width: 1450px) 100vw, 1450px\" \/><figcaption id=\"caption-attachment-25824\" class=\"wp-caption-text\">Source: Amerigo Resources<\/figcaption><\/figure>\n<h2><strong>Deleveraging is Complete, Prepare for Payouts<\/strong><\/h2>\n<p>Amerigo is in the middle of the cash harvesting period of its investment cycle, with debt down to $23.7 million from $70 million in 2016.<\/p>\n<p>With cash exceeding debt and interest coverage expected to exceed debt costs by more than 33x in 2023, the balance sheet couldn\u2019t be stronger.<\/p>\n<p>Historical expansions were well-telegraphed to investors, and the prior expansion of the Cauquenes tailings processing plant came in under budget.<\/p>\n<p>Low production costs, low capex needs, and a strong balance sheet give us confidence in future investor payouts.<\/p>\n<figure id=\"attachment_25825\" aria-describedby=\"caption-attachment-25825\" style=\"width: 2000px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25825\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Debt-Levels.png\" alt=\"\" width=\"2000\" height=\"1324\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Debt-Levels.png 1547w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Debt-Levels-300x199.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Debt-Levels-1024x678.png 1024w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Debt-Levels-768x508.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Debt-Levels-1536x1017.png 1536w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Debt-Levels-696x461.png 696w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/02\/Amerigo-Debt-Levels-1392x922.png 1392w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\" \/><figcaption id=\"caption-attachment-25825\" class=\"wp-caption-text\">Source: http:\/\/www.ycharts.com<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Amerigo Resources (TSX: ARG) (OTCQX: ARREF) reported strong full year 2022 results, the company boasts one of the most attractive dividend yields in market.<\/p>\n","protected":false},"author":7,"featured_media":25124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2430,56],"tags":[2097,76,482,2196,2195,2194],"class_list":{"0":"post-25822","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-energy-transition-metals","8":"category-featured","9":"tag-amerigo-resources","10":"tag-copper","11":"tag-dividend-stocks","12":"tag-investing-in-copper","13":"tag-otcqx-arref","14":"tag-tsx-arg"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amerigo Resources Q4 Signals the Good Times Will Continue in 2023 | Capital 10X<\/title>\n<meta name=\"description\" content=\"Amerigo Resources (TSX: ARG) (OTCQX: ARREF) reported strong full year 2022 results, the company boasts one of the most attractive dividend yields in market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023 | Capital 10X\" \/>\n<meta property=\"og:description\" content=\"Amerigo Resources (TSX: ARG) (OTCQX: ARREF) reported strong full year 2022 results, the company boasts one of the most attractive dividend yields in market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital 10X\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Capital10x\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Capital10x\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-24T15:14:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-20T22:38:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1069\" \/>\n\t<meta property=\"og:image:height\" content=\"713\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/capital10x\" \/>\n<meta name=\"twitter:site\" content=\"@capital10x\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/c2d9baf641b40583976467e770f29389\"},\"headline\":\"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023\",\"datePublished\":\"2023-02-24T15:14:40+00:00\",\"dateModified\":\"2024-03-20T22:38:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/\"},\"wordCount\":872,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg\",\"keywords\":[\"Amerigo Resources\",\"Copper\",\"Dividend Stocks\",\"investing in copper\",\"OTCQX: ARREF\",\"TSX: ARG\"],\"articleSection\":[\"Energy Transition Metals\",\"Featured\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/\",\"url\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/\",\"name\":\"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023 | Capital 10X\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg\",\"datePublished\":\"2023-02-24T15:14:40+00:00\",\"dateModified\":\"2024-03-20T22:38:25+00:00\",\"description\":\"Amerigo Resources (TSX: ARG) (OTCQX: ARREF) reported strong full year 2022 results, the company boasts one of the most attractive dividend yields in market.\",\"breadcrumb\":{\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#primaryimage\",\"url\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg\",\"contentUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg\",\"width\":1069,\"height\":713},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/capital10x.com\/old\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Featured\",\"item\":\"https:\/\/capital10x.com\/old\/featured\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/capital10x.com\/old\/#website\",\"url\":\"https:\/\/capital10x.com\/old\/\",\"name\":\"Capital 10X\",\"description\":\"Identifying 10X Investment Opportunities\",\"publisher\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/capital10x.com\/old\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/capital10x.com\/old\/#organization\",\"name\":\"Capital 10X\",\"url\":\"https:\/\/capital10x.com\/old\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png\",\"contentUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png\",\"width\":128,\"height\":90,\"caption\":\"Capital 10X\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Capital10x\/\",\"https:\/\/x.com\/capital10x\",\"https:\/\/www.instagram.com\/capital10x\",\"https:\/\/www.linkedin.com\/company\/capital10x\/\",\"https:\/\/www.pinterest.com\/capital10x\",\"https:\/\/www.youtube.com\/Capital10X\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/c2d9baf641b40583976467e770f29389\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7afd43fcc2d920f3c60be7a9d8a3a1cffb2662cd5416fb858ab187775a34140b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7afd43fcc2d920f3c60be7a9d8a3a1cffb2662cd5416fb858ab187775a34140b?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"description\":\"Capital 10X gets down to the real money business, actionable financial insights for traders and investors. We analyze company earnings, interview management teams and help teach the fundamentals of financial analysis and options trading. Our mission is to hunt for genuine 10 baggers.\",\"sameAs\":[\"https:\/\/www.facebook.com\/Capital10x\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/capital10x\",\"https:\/\/www.youtube.com\/capital10x\/\"],\"url\":\"https:\/\/capital10x.com\/old\/author\/editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023 | Capital 10X","description":"Amerigo Resources (TSX: ARG) (OTCQX: ARREF) reported strong full year 2022 results, the company boasts one of the most attractive dividend yields in market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/","og_locale":"en_US","og_type":"article","og_title":"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023 | Capital 10X","og_description":"Amerigo Resources (TSX: ARG) (OTCQX: ARREF) reported strong full year 2022 results, the company boasts one of the most attractive dividend yields in market.","og_url":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/","og_site_name":"Capital 10X","article_publisher":"https:\/\/www.facebook.com\/Capital10x\/","article_author":"https:\/\/www.facebook.com\/Capital10x\/","article_published_time":"2023-02-24T15:14:40+00:00","article_modified_time":"2024-03-20T22:38:25+00:00","og_image":[{"width":1069,"height":713,"url":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/capital10x","twitter_site":"@capital10x","twitter_misc":{"Written by":"Editor","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#article","isPartOf":{"@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/"},"author":{"name":"Editor","@id":"https:\/\/capital10x.com\/old\/#\/schema\/person\/c2d9baf641b40583976467e770f29389"},"headline":"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023","datePublished":"2023-02-24T15:14:40+00:00","dateModified":"2024-03-20T22:38:25+00:00","mainEntityOfPage":{"@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/"},"wordCount":872,"commentCount":0,"publisher":{"@id":"https:\/\/capital10x.com\/old\/#organization"},"image":{"@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#primaryimage"},"thumbnailUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg","keywords":["Amerigo Resources","Copper","Dividend Stocks","investing in copper","OTCQX: ARREF","TSX: ARG"],"articleSection":["Energy Transition Metals","Featured"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/capital10x.com\/old\/#organization"}},{"@type":"WebPage","@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/","url":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/","name":"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023 | Capital 10X","isPartOf":{"@id":"https:\/\/capital10x.com\/old\/#website"},"primaryImageOfPage":{"@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#primaryimage"},"image":{"@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#primaryimage"},"thumbnailUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg","datePublished":"2023-02-24T15:14:40+00:00","dateModified":"2024-03-20T22:38:25+00:00","description":"Amerigo Resources (TSX: ARG) (OTCQX: ARREF) reported strong full year 2022 results, the company boasts one of the most attractive dividend yields in market.","breadcrumb":{"@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#primaryimage","url":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg","contentUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/11\/amerigo-01.jpg","width":1069,"height":713},{"@type":"BreadcrumbList","@id":"https:\/\/capital10x.com\/old\/amerigo-resources-q4-2022-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/capital10x.com\/old\/"},{"@type":"ListItem","position":2,"name":"Featured","item":"https:\/\/capital10x.com\/old\/featured\/"},{"@type":"ListItem","position":3,"name":"Amerigo Resources Q4 Signals the Good Times Will Continue in 2023"}]},{"@type":"WebSite","@id":"https:\/\/capital10x.com\/old\/#website","url":"https:\/\/capital10x.com\/old\/","name":"Capital 10X","description":"Identifying 10X Investment Opportunities","publisher":{"@id":"https:\/\/capital10x.com\/old\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/capital10x.com\/old\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/capital10x.com\/old\/#organization","name":"Capital 10X","url":"https:\/\/capital10x.com\/old\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/","url":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png","contentUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png","width":128,"height":90,"caption":"Capital 10X"},"image":{"@id":"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Capital10x\/","https:\/\/x.com\/capital10x","https:\/\/www.instagram.com\/capital10x","https:\/\/www.linkedin.com\/company\/capital10x\/","https:\/\/www.pinterest.com\/capital10x","https:\/\/www.youtube.com\/Capital10X\/"]},{"@type":"Person","@id":"https:\/\/capital10x.com\/old\/#\/schema\/person\/c2d9baf641b40583976467e770f29389","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/capital10x.com\/old\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7afd43fcc2d920f3c60be7a9d8a3a1cffb2662cd5416fb858ab187775a34140b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7afd43fcc2d920f3c60be7a9d8a3a1cffb2662cd5416fb858ab187775a34140b?s=96&d=mm&r=g","caption":"Editor"},"description":"Capital 10X gets down to the real money business, actionable financial insights for traders and investors. We analyze company earnings, interview management teams and help teach the fundamentals of financial analysis and options trading. Our mission is to hunt for genuine 10 baggers.","sameAs":["https:\/\/www.facebook.com\/Capital10x\/","https:\/\/x.com\/https:\/\/twitter.com\/capital10x","https:\/\/www.youtube.com\/capital10x\/"],"url":"https:\/\/capital10x.com\/old\/author\/editor\/"}]}},"_links":{"self":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts\/25822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/comments?post=25822"}],"version-history":[{"count":4,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts\/25822\/revisions"}],"predecessor-version":[{"id":25839,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts\/25822\/revisions\/25839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/media\/25124"}],"wp:attachment":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/media?parent=25822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/categories?post=25822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/tags?post=25822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}