Amerigo Resources ( (ARREF) ) has released its Q4 earnings. Here is a breakdown of the information Amerigo Resources presented to its investors.
Amerigo Resources Ltd. is an innovative copper producer operating in the mining sector, known for its long-term partnership with Codelco and its operations at Minera Valle Central in Chile, where it processes tailings from the El Teniente mine.
Amerigo Resources has reported a strong financial performance for 2024, with a net income of $19.2 million and a significant increase in copper production. The company has also declared its 14th consecutive quarterly dividend, reflecting its commitment to returning value to shareholders.
Key highlights from the 2024 earnings report include an EBITDA of $68.8 million and free cash flow to equity of $27.8 million. The company achieved a 12.2% increase in copper production, reaching 64.6 million pounds, and reduced its cash cost to $1.89 per pound. Amerigo also returned $21.2 million to shareholders through dividends and share buybacks.
Looking ahead, Amerigo’s management is optimistic about 2025, aiming to eliminate its remaining debt and increase capital returns to shareholders. The company expects favorable market conditions to support higher copper prices, enhancing its financial performance and shareholder rewards.