From GlobeNewswire: 2025-04-09 07:30:00

Amerigo Resources Ltd. reported Q1-2025 copper production of 13.2 million pounds, meeting the 62.9 million pound guidance for the year. The plant maintenance shutdown was completed, and $4.6 million was returned to shareholders in Q1-2025. Operational results for the quarter were positive, with no lost-time accidents reported.

Copper prices increased from $4.05 per pound in December 2024 to $4.41 per pound in March 2025 due to growing demand and limited supply. Global trade shifts led to record spreads between LME and U.S. COMEX markets before import tariffs were imposed, causing short-term price adjustments. Amerigo remains focused on its Capital Return Strategy for 2025.

Amerigo’s cash cost in Q1-2025 was $2.22 per pound, impacted by lower production days. The company returned $4.6 million to shareholders, with Capex payments totaling $6.8 million in Q1-2025. Cash position as of March 31, 2025, was $27.7 million, with outstanding bank debt unchanged at $11.5 million.

Since implementing its Capital Return Strategy in 2021, Amerigo has returned $83.0 million to shareholders through dividends and share buybacks. The strategy aims to provide consistent returns and benefit shareholders as copper prices rise. Financial results for Q1-2025 will be released on May 5, 2025, with an investor conference call on May 8, 2025.

Amerigo’s forward-looking statements highlight key performance measures, risks, and assumptions for the future. The company’s strategies, production forecasts, financial resources, and debt-free target by the end of 2025 are emphasized. Climate change challenges and water availability issues in Central Chile are also acknowledged.



Read more at GlobeNewswire:: Amerigo Reports Q1-2025 Operational Results