AMERIGO RESOURCES LTD - ARREF STOCK NEWS

Amerigo Resources announced strong Q1-2024 financial results with net income of $4.3 million, EBITDA of $13.6 million, and free cash flow to equity of $7.3 million. The company declared a quarterly dividend of Cdn$0.03 per share, representing a 7.7% yield. Operations from Minera Valle Central outperformed production and cost guidance. Copper and molybdenum prices in Q1-2024 were lower than Q1-2023, impacting revenue. The company's financial performance is sensitive to copper price fluctuations.

Amerigo Resources announces the results of its 2024 Annual General Meeting of Shareholders with positive outcomes. Shareholders voted in favor of all business items, including the election of all director nominees. Detailed voting results are accessible on SEDAR+.

Amerigo Resources reports strong Q1-2024 production results with 16.0 million pounds of copper, beating guidance by 2%. Normalized cash cost of $1.89 per pound was 9% below guidance. Shareholders to receive $3.7 million dividend.

Amerigo Resources Ltd. reports a net income of $3.4 million in 2023, with an annual EBITDA of $34.6 million. Despite lower copper production due to weather events, the company returned $17.2 million to shareholders. Quarterly dividend of Cdn$0.03 per share declared, representing an 8.6% yield. Q4-2023 marked a return to normal operations with net income of $3.9 million.

Amerigo Resources Ltd. announced 2023 production results from Minera Valle Central in Chile, with 57.6M lbs of copper produced. The 2024 guidance includes increased copper production to 62.4M lbs and a cash cost of $2.08/lb. The company's cash position was $16.2 million on December 31, 2023, and it will release its 2023 financial results on February 21, 2024.

Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) announces a 3-year collective agreement with Minera Valle Central's (MVC) union of supervisors, ensuring operational continuity at MVC until January 7, 2027.

Amerigo Resources Ltd. (ARG) announces the renewal of its normal course issuer bid (NCIB) to repurchase up to 10.9 million common shares, reflecting the company's commitment to a balanced Capital Return Strategy. The NCIB will commence on December 2, 2023, and may continue to December 1, 2024. Amerigo's President and CEO, Aurora Davidson, expressed the company's satisfaction with the renewal, highlighting the previous retirement of over 20.1 million shares under two NCIBs and one Substantial Issuer Bid. The NCIB's daily purchase limit will be 33,822 shares, with the option for one block purchase exceeding the limit per calendar week. Shares may be purchased in open market transactions on the TSX at the prevailing market price and will be cancelled upon purchase. Amerigo's multi-year capital allocation strategy and Capital Return Strategy utilize quarterly dividends, performance dividends, and share buybacks to consistently and flexibly return capital to shareholders.

Amerigo Resources Ltd. announces that Minera Valle Central (MVC) received the 2023 Distinction for Excellence award from Chile's Workers Safety Institute for its exceptional safety practices and innovative safety programs, marking 18 months without lost time accidents.

Amerigo Resources Ltd. announces Q3-2023 financial results with a net loss of $5.8 million and EBITDA of $3.2 million. Copper production was 31% lower, but revenue only decreased by 2% due to higher copper prices. The company declared a quarterly dividend of Cdn$0.03 per share, representing a 9.4% yield. Cash and restricted cash on September 30, 2023, were $19.4 million.