Amerigo Resources ( (ARREF) ) has released its Q2 earnings. Here is a breakdown of the information Amerigo Resources presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Amerigo Resources Ltd. is an innovative copper producer that processes fresh and historic tailings from Codelco’s El Teniente mine in Chile, offering a unique approach to copper production without traditional mining risks.
In its Q2-2025 earnings report, Amerigo Resources announced a net income of $7.5 million, alongside robust financial metrics such as an EBITDA of $17.8 million and free cash flow to equity of $6.5 million. The company also declared its sixteenth consecutive quarterly dividend.
Amerigo’s financial performance was driven by copper production of 15.5 million pounds at an average price of $4.42 per pound. The company returned $7.6 million to shareholders through dividends and share buybacks, reflecting its commitment to capital return. Despite a slight decrease in revenue compared to Q2-2024, Amerigo maintained strong operational efficiency with reduced cash costs.
Looking ahead, Amerigo remains optimistic about the long-term demand for copper and aims to be debt-free by the end of the year. The company’s unique business model positions it well to capitalize on rising copper prices, providing shareholders with consistent returns.