Amerigo Resources Outperforms 2024 Guidance with Record Production

Amerigo Resources ( (TSE:ARG) ) has issued an update.

Amerigo Resources Ltd. reported strong operational results for 2024, with copper and molybdenum production exceeding their guidance. The company achieved a record delivery of 65 million pounds of copper and produced 1.3 million pounds of molybdenum, reflecting a significant enhancement in production efficiency and cost management, with no environmental incidents or lost time accidents reported. Looking ahead to 2025, Amerigo aims to maintain its solid performance and plans to be debt-free by the end of the year, utilizing strategies such as dividends and share buybacks to return surplus cash to shareholders.

More about Amerigo Resources

Amerigo Resources Ltd. is a company operating in the mining industry, focusing on the production of copper and molybdenum. The company owns and operates Minera Valle Central (MVC) located near Rancagua, Chile, and is listed on the Toronto Stock Exchange under the ticker ARG and on the OTCQX under ARREF.

YTD Price Performance: -0.45%

Average Trading Volume: 56,663

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $183.1M

For detailed information about ARG stock, go to TipRanks’ Stock Analysis page.