Amerigo Resources Ltd. exceeded production goals in 2024 and plans to be debt-free in 2025.
From GlobeNewswire: 2025-01-14 07:30:00
Amerigo Resources Ltd. exceeded 2024 production guidance with 64.6 million pounds of copper and $1.89 per pound cash cost, outperforming expectations. 2025 guidance predicts 62.9 M lbs of copper production and debt-free status by year-end. The company plans to optimize operations and return surplus cash to shareholders through dividends and buybacks.
The Company’s 2024 financial results will be released on February 26, 2025, with an investor conference call on February 27, 2025. Amerigo has a Capital Return Strategy, returning $78.1 million to shareholders since 2021. The strategy includes dividends, buybacks, and heightened operational efficiency to maximize shareholder benefits.
Amerigo’s 2025 guidance includes expected copper production, molybdenum production, and normalized cash cost of $1.93 per pound. Factors influencing cash cost include treatment charges, energy pass-through charges, and historical tailings extraction costs. EBITDA for 2025 is projected to be $66.7 million under the Assumptions.
Amerigo’s MVC operation in Chile processes copper and molybdenum concentrates from tailings. The company’s long-term relationship with Codelco supports its operations. Amerigo aims to be debt-free by the end of 2025, enhancing shareholder value with increased cash flow availability. Investors can access financial and operational information through the Interactive Analyst Center.
Read more at GlobeNewswire: Amerigo Reports 2024 Operational Results & Provides 2025