Amerigo Resources Reports Profitable Q1 and Dividend

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

Amerigo Resources Ltd. reported a profitable first quarter in 2024, with a net income of $4.3 million and a strong EBITDA of $13.6 million, alongside a declared quarterly dividend of Cdn$0.03 per share. The company’s financial growth is highlighted by a substantial increase in copper prices post-Q1, which exceeds their average Q1 copper price by $0.50 per pound. Amerigo’s President and CEO emphasized the company’s effective cost management and robust copper market fundamentals as drivers for the positive results and shareholder returns.

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