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AMERIGO RESOURCES LTD - ARREF STOCK NEWS

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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 Ltd. (ARREF) reported strong Q2-2021 financial results, achieving a net income of $11.6 million and earnings per share of $0.06, compared to a net loss of $3.6 million in Q2-2020. The company generated operating cash flow of $17.1 million, up from $2.8 million year-over-year, with improved cash positions. Revenue doubled to $50.5 million, driven by higher copper production and prices. However, Amerigo no longer relies on previous production guidance due to actual grades being lower than expected. The company reduced its bank debt to $33.8 million, a notable improvement.

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Amerigo Resources Ltd. (ARREF) reported Q2-2021 production results from its Minera Valle Central operation in Chile, achieving 15 million pounds of copper at a cash cost of $1.81 per pound. Molybdenum production reached 0.3 million pounds. Copper production was 96% of guidance, while molybdenum fell to 84% due to lower grades. The company maintains its annual guidance of 61 million pounds for copper and 1.5 million pounds for molybdenum. Financially, Amerigo completed a $9 million debt repayment and restructured debt facilities in June.

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Amerigo Resources Ltd. (ARREF) announced that its 100% owned operation, Minera Valle Central (MVC) in Chile, has received its first annual Renewable Energy Certificate (REC) from the International REC Standard. This certificate confirms that MVC's total electricity consumption of 308,653 MWh for the year 2020 was sourced entirely from renewable energy. The long-term power supply agreement MVC entered into will ensure all electricity used until 2037 comes from renewable sources, supporting Chile's renewable energy goals.

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Amerigo Resources Ltd. (ARREF) has announced a successful debt restructuring for its wholly-owned subsidiary, Minera Valle Central (MVC). The restructuring involved the full repayment of a $42.2 million debt and the establishment of a new financing agreement with two Chilean banks, including a $35 million term loan with a 5-year term and a working capital line of credit up to $15 million. The new financial terms aim to enhance operational flexibility and protect against market cyclicality, positioning Amerigo for future growth.

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Amerigo Resources Ltd. has appointed Margot Naudie and David Thomas to its board of directors, enhancing its leadership with their extensive industry experience. Naudie, a capital markets professional with 25 years of experience, will strengthen the audit committee. Thomas brings over 40 years of mining expertise and has previously contributed to significant projects like the Toromocho Copper Project in Peru. Concurrently, Sidney Robinson resigns from the board, having served since 2003. This leadership transition is expected to support Amerigo’s growth as a copper producer.

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Amerigo Resources Ltd. (ARREF) announced strong Q1-2021 financial results with a net income of $10.9 million, EPS of $0.06, and EBITDA of $23.3 million. The quarterly operating cash flow reached $20.0 million, significantly improving its cash position to $38.6 million. Copper production increased to 15.5 million pounds at an average price of $4.08 per pound. Revenue soared to $48.9 million compared to $15.6 million in Q1-2020, attributed to higher production and metal prices. Scheduled debt payments were made, reducing the bank debt to $41.5 million.

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On May 3, 2021, Amerigo Resources Ltd. (ARREF) held its 2021 Annual General Meeting, where 126,544,736 common shares were voted, representing 69.61% of total outstanding shares. All business items were approved, including the election of directors. Key votes included Klaus Zeitler receiving 91.04% in favor, and Robert Gayton with 91.05%. Additionally, the unallocated options under the stock option plan were supported by 71.31%, while the shareholder rights plan secured 89.38% approval. Detailed results are available on SEDAR.

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Amerigo Resources Ltd. (ARREF) reported strong production results for Q1-2021 from its wholly owned Minera Valle Central (MVC) in Chile, producing 15.5 million pounds of copper at a cash cost of $1.89/lb and 0.4 million pounds of molybdenum. The copper production met 99% of guidance and molybdenum exceeded it by 1%. Despite higher maintenance costs, with an average copper price of $4.08/lb, the company anticipates strong financial results to be released on May 5, 2021. The cash balance as of March 31, 2021, was $38.4 million.

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Amerigo Resources Ltd. (OTC: ARREF) reported a strong financial performance for Q4-2020 and the full year. The company achieved an annual net income of $6.1 million and earnings per share of $0.03. In Q4-2020, net income rose to $8.3 million with an EBITDA of $20.1 million. The company’s cash balance increased to $14.1 million, and operating cash flow before changes in working capital for the year was $29.1 million. Despite facing challenges earlier in the year, better copper prices in H2-2020 improved results significantly.

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FAQ

What is the current stock price of AMERIGO RESOURCES (ARREF)?

The current stock price of AMERIGO RESOURCES (ARREF) is $1.15 as of January 31, 2025.

What is the market cap of AMERIGO RESOURCES (ARREF)?

The market cap of AMERIGO RESOURCES (ARREF) is approximately 189.2M.

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

OTC:ARREF

ARREF Rankings

ARREF Stock Data

189.21M
136.82M
13.15%
24.66%
Copper
Basic Materials
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Canada
Vancouver