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AMERIGO RESOURCES LTD (symbol: ARREF) is a leading copper producer based in Chile. The company specializes in the extraction and processing of copper from tailings, utilizing a unique process to maximize efficiency and environmental sustainability. With a strong focus on innovation and responsible mining practices, Amerigo has consistently delivered impressive financial results and maintained strong partnerships within the industry. The company's recent achievements include exceeding production targets, expanding its operations, and investing in cutting-edge technology to enhance its competitive edge in the market.
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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+.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Amerigo Resources Ltd. announces Q3-2023 production results for Minera Valle Central
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Amerigo Resources resumes normal operations after removing excess water from tailings deposit
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FAQ
What is the current stock price of AMERIGO RESOURCES (ARREF)?
The current stock price of AMERIGO RESOURCES (ARREF) is $1.12 as of December 20, 2024.
What is the market cap of AMERIGO RESOURCES (ARREF)?
The market cap of AMERIGO RESOURCES (ARREF) is approximately 191.3M.
What is AMERIGO RESOURCES LTD known for?
AMERIGO RESOURCES LTD is a prominent copper producer focused on innovative extraction and processing techniques.
Where is AMERIGO RESOURCES LTD based?
The company is based in Chile, a key region for copper mining and production.
How does AMERIGO RESOURCES LTD differentiate itself in the market?
AMERIGO RESOURCES LTD stands out in the market by utilizing a unique process to extract copper from tailings, emphasizing efficiency and environmental sustainability.
What recent achievements has AMERIGO RESOURCES LTD accomplished?
The company has exceeded production targets, expanded its operations, and invested in cutting-edge technology to maintain a competitive edge.
What is AMERIGO RESOURCES LTD's approach to responsible mining practices?
AMERIGO RESOURCES LTD prioritizes responsible mining practices by focusing on sustainability, innovation, and strong industry partnerships.
How does AMERIGO RESOURCES LTD contribute to the copper industry?
AMERIGO RESOURCES LTD contributes to the copper industry by delivering impressive financial results, maintaining strong partnerships, and investing in technological advancements.
What is AMERIGO RESOURCES LTD's annual yield based on dividends?
AMERIGO RESOURCES LTD has an annual yield of 9.16%, calculated from four quarterly dividends of Cdn$0.03 per share each.
When was Amerigo's share price last recorded?
Amerigo's share price was last recorded on November 24, 2023, at Cdn$1.31 per share.
What sets AMERIGO RESOURCES LTD apart from its competitors?
AMERIGO RESOURCES LTD sets itself apart from competitors through its focus on innovation, efficiency, and sustainable mining practices.
How does AMERIGO RESOURCES LTD plan to sustain its success in the future?
AMERIGO RESOURCES LTD plans to sustain its success by continuing to invest in technology, expand its operations, and uphold its commitment to responsible mining practices.
AMERIGO RESOURCES LTD