Recent Insider Transactions • May 26
Chief Financial Officer recently sold CA$160k worth of stock On the 22nd of May, Carmen Amezquita Hernandez sold around 25k shares on-market at roughly CA$6.39 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$591k. Carmen has been a net seller over the last 12 months, reducing personal holdings by CA$592k. Recent Insider Transactions • May 17
Chief Financial Officer recently sold CA$353k worth of stock On the 13th of May, Carmen Amezquita Hernandez sold around 50k shares on-market at roughly CA$7.05 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$591k. Carmen has been a net seller over the last 12 months, reducing personal holdings by CA$433k. Buy Or Sell Opportunity • May 15
Now 22% undervalued Over the last 90 days, the stock has risen 12% to CA$6.55. The fair value is estimated to be CA$8.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Declared Dividend • May 14
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 29th May 2026 Payment date: 18th June 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 21% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Live News • May 09
Amerigo Resources Draws Attention With Q1 Results Dividend and Attractive P/E Ratio Amerigo Resources reported Q1 2026 sales of US$66.17 million and net income of US$14.72 million.
The company confirmed a quarterly dividend of CA$0.0400 per share.
The stock saw a 6.55% one-day return and an 11.62% seven-day return after the results and dividend announcement, and is currently trading at a P/E of 16.1x.
For investors, the mix of Q1 profitability, ongoing dividend payments and a P/E of 16.1x highlights Amerigo as a stock where both income and valuation are key considerations. The recent price reaction indicates that the market is paying close attention to the earnings release and the confirmation of cash returns to shareholders.
The valuation comment in the latest coverage indicates that, compared with peers, the current P/E may be on the lower side, which some investors might interpret as potential undervaluation. At the same time, there is mention of revenue decline risks, so it may be useful to look closely at what is driving sales, how sensitive those revenues are to copper markets and operating conditions, and how comfortably the current earnings and dividend align with those factors. Announcement • May 02
Amerigo Resources Ltd. announces Quarterly dividend, payable on June 18, 2026 Amerigo Resources Ltd. announced Quarterly dividend of CAD 0.0400 per share payable on June 18, 2026, ex-date on May 29, 2026 and record date on May 29, 2026. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$0.091 (vs US$0.02 in 1Q 2025) First quarter 2026 results: EPS: US$0.091 (up from US$0.02 in 1Q 2025). Revenue: US$66.2m (up 50% from 1Q 2025). Net income: US$14.7m (up 347% from 1Q 2025). Profit margin: 22% (up from 7.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 6.2% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 17%. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
Amerigo Resources Ltd. Announces Resignation of Margot Naudie as Director Amerigo Resources Ltd. announces the results of voting at its 2026 Annual General Meeting of Shareholders (the "AGM") held on April 27, 2026. In accordance with the Company's Majority Voting Policy, Ms. Margot Naudie immediately tendered an offer to resign as a Company director (a "Resignation Offer"). Ms. Naudie will continue to serve as a director until such Resignation Offer is accepted and becomes effective. The members of the Board of Directors of the Company, excluding Ms. Naudie, will evaluate the Resignation Offer in accordance with their fiduciary duties to, and in furtherance of the best interests of, the Company and its shareholders, and will make a determination of the action to take with respect to the Resignation Offer not later than the 90th day following this news release. Announcement • Apr 15
Amerigo Resources Ltd. Reaffirms Production Guidance for 2026 Amerigo Resources Ltd. reaffirmed production guidance for 2026. For the period, the company's annual production guidance of 63.8 million pounds of copper and 1.5 million pounds of molybdenum remains in place. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$6.37, the stock trades at a trailing P/E ratio of 21.1x. Average forward P/E is 6x in the Metals and Mining industry in Canada. Total returns to shareholders of 367% over the past three years. Recent Insider Transactions • Mar 26
Insider recently sold CA$412k worth of stock On the 24th of March, Julio Leiva sold around 86k shares on-market at roughly CA$4.77 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$569k. Insiders have been net sellers, collectively disposing of CA$4.0m more than they bought in the last 12 months. New Risk • Mar 06
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$663k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (CA$663k sold). Recent Insider Transactions • Mar 06
Lead Independent Director recently sold CA$569k worth of stock On the 4th of March, Robert Gayton sold around 100k shares on-market at roughly CA$5.69 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$2.6m more than they bought in the last 12 months. Declared Dividend • Mar 01
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 6th March 2026 Payment date: 20th March 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 17% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: US$0.22 (vs US$0.12 in FY 2024) Full year 2025 results: EPS: US$0.22 (up from US$0.12 in FY 2024). Revenue: US$227.3m (up 18% from FY 2024). Net income: US$35.4m (up 84% from FY 2024). Profit margin: 16% (up from 10.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 20% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Feb 25
Amerigo Resources Ltd. Declares Quarterly Dividend, Payable on March 20, 2026 Amerigo Resources Ltd. announced on February 23, 2026, its Board of Directors declared its eighteenth consecutive quarterly dividend. The dividend will be in the amount of CAD 0.04 per share, payable on March 20, 2026, to shareholders of record as of March 6, 2026. Amerigo designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada), as amended from time to time. Under the T+1 settlement cycle, the Company’s shares will commence trading ex-dividend at the opening of trading on March 6, 2026. Shareholders purchasing Amerigo shares on or after the ex-dividend date will not receive this dividend, as it will be paid to the selling shareholders. Shareholders purchasing Amerigo shares before the ex-dividend date will receive the dividend. Announcement • Feb 17
Amerigo Resources Ltd., Annual General Meeting, Apr 27, 2026 Amerigo Resources Ltd., Annual General Meeting, Apr 27, 2026. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$5.28, the stock trades at a trailing P/E ratio of 31.3x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 373% over the past three years. Recent Insider Transactions • Jan 22
Insider recently sold CA$94k worth of stock On the 20th of January, Julio Leiva sold around 17k shares on-market at roughly CA$5.55 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$2.0m more than they bought in the last 12 months. Recent Insider Transactions • Jan 22
Insider recently sold CA$94k worth of stock On the 20th of January, Julio Leiva sold around 17k shares on-market at roughly CA$5.55 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$2.0m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$5.23, the stock trades at a trailing P/E ratio of 30.6x. Average forward P/E is 8x in the Metals and Mining industry in Canada. Total returns to shareholders of 341% over the past three years. Announcement • Dec 12
Amerigo Resources Ltd. announces special dividend, payable on January 15, 2026 Amerigo Resources Ltd. announced special dividend of CAD 0.0500 per share payable on January 15, 2026, ex-date on December 17, 2025 and record date on December 17, 2025. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$3.77, the stock trades at a trailing P/E ratio of 21.9x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 249% over the past three years. Recent Insider Transactions Derivative • Nov 23
Executive Chairman of the Board exercised options to buy CA$808k worth of stock. On the 20th of November, Klaus Zeitler exercised options to buy 250k shares at a strike price of around CA$0.91, costing a total of CA$228k. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. Since March 2025, Klaus has owned 3.27m shares directly. Company insiders have collectively sold CA$938k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Nov 21
Upcoming dividend of CA$0.04 per share Eligible shareholders must have bought the stock before 28 November 2025. Payment date: 19 December 2025. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (1.2%). Declared Dividend • Oct 31
Third quarter dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 28th November 2025 Payment date: 19th December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 24% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.2% EPS decline seen over the last 5 years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: US$0.041 (vs US$0.017 in 3Q 2024) Third quarter 2025 results: EPS: US$0.041 (up from US$0.017 in 3Q 2024). Revenue: US$52.5m (up 16% from 3Q 2024). Net income: US$6.66m (up 140% from 3Q 2024). Profit margin: 13% (up from 6.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Amerigo Resources Ltd. Declares Quarterly Dividend, Payable on December 19, 2025 On October 27, 2025, Amerigo Resources Ltd’s Board of Directors declared its seventeenth consecutive quarterly dividend. The dividend will be in the amount of CAD 0.04 per share, payable on December 19, 2025, to shareholders of record as of November 28, 20253. Amerigo designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada), as amended from time to time. Announcement • Oct 08
Amerigo Resources Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Amerigo Resources Ltd. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 29, 2025 Recent Insider Transactions • Sep 14
Chief Financial Officer recently sold CA$80k worth of stock On the 11th of September, Carmen Amezquita Hernandez sold around 35k shares on-market at roughly CA$2.28 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$208k. This was Carmen's only on-market trade for the last 12 months. Upcoming Dividend • Aug 22
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 29 August 2025. Payment date: 19 September 2025. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (1.3%). Recent Insider Transactions • Aug 15
Lead Independent Director recently sold CA$208k worth of stock On the 11th of August, Robert Gayton sold around 100k shares on-market at roughly CA$2.08 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$446k more than they bought in the last 12 months. Announcement • Aug 14
Amerigo Resources Ltd. Provides an Operational Update on Minera Valle Central, Its 100% Owned Operation Located Near Rancagua, Chile Amerigo Resources Ltd. provided an operational update on Minera Valle Central, its 100% owned operation located near Rancagua, Chile. As reported in the Company’s news release of August 6, 2025, operations at the El Teniente underground copper mine, owned by Corporación Nacional del Cobre de Chile (“Codelco”), were suspended on the evening of July 31, 2025. This followed a seismic event that, unfortunately, resulted in the death of six workers. While operations at the mine and the supply of fresh tailings to MVC were suspended, Amerigo continued to process historic tailings. MVC is now processing fresh tailings from El Teniente and also handling historic tailings. Until operations at El Teniente are normalized, Amerigo expects daily throughput from the fresh tailings to be lower than initially forecast in MVC’s 2025 production schedule. Declared Dividend • Aug 03
Dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 29th August 2025 Payment date: 19th September 2025 Dividend yield will be 5.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased by an average of 18% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. However, EPS has declined by 3.4% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Jul 30
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: US$50.8m (down 1.5% from 2Q 2024). Net income: US$7.54m (down 23% from 2Q 2024). Profit margin: 15% (down from 19% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year. Announcement • Jul 30
Amerigo Resources Ltd. Declares Quarterly Dividend, Payable on September 19, 2025 On July 28, 2025, Amerigo’s Board of Directors declared its sixteenth consecutive quarterly dividend. The dividend will be in the amount of CAD 0.03 per share, payable on September 19, 2025, to shareholders of record as of August 29, 2025. Announcement • Jul 09
Amerigo Resources Ltd. to Report Q2, 2025 Results on Jul 30, 2025 Amerigo Resources Ltd. announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Recent Insider Transactions • Jun 29
Insider recently sold CA$93k worth of stock On the 26th of June, Julio Leiva sold around 43k shares on-market at roughly CA$2.14 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$238k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$2.22, the stock trades at a trailing P/E ratio of 14.4x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 133% over the past three years. Recent Insider Transactions • Jun 19
Insider recently sold CA$64k worth of stock On the 17th of June, Christian Cáceres sold around 34k shares on-market at roughly CA$1.87 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$187k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jun 18
President exercised options to buy CA$286k worth of stock. On the 16th of June, Aurora Davidson exercised options to buy 151k shares at a strike price of around CA$0.91, costing a total of CA$138k. This transaction amounted to 10% of their direct individual holding at the time of the trade. Since March 2025, Aurora has owned 1.48m shares directly. Company insiders have collectively bought CA$590k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jun 04
Amerigo Resources Ltd. Announces Appointment of Ignacio Cruz to Board of Directors Amerigo Resources Ltd. announced the appointment of Ignacio Cruz to the Company’s board of directors. Ignacio Cruz is a Civil Engineer with over forty years of experience in leading positions in the Chilean mining, energy, and civil society sectors. Most recently, Mr. Cruz was Executive Chair of TECHO International, Latin America’s largest NGO with operations in 19 countries. Before that, he was CEO of Colbún S.A., Chile’s second-largest power generation company. His mining sector experience includes fourteen years with Antofagasta Minerals, including as General Manager of Los Pelambres and El Tesoro. His career has been distinguished by his ability to lead organizations and large infrastructure projects, manage complex financial structures, and develop sustainable strategies that create value for all stakeholders. Mr. Cruz has been a board member of numerous business and philanthropic organizations in Chile. He is an international speaker on strategic management, team leadership, sustainability in mining, people management, and shared value in the extractive industry. He founded Emerge Chile and EverXin, a consultancy firm that utilizes Artificial Intelligence to drive process optimization. Upcoming Dividend • May 25
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (1.4%). Declared Dividend • May 11
Dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 30th May 2025 Payment date: 20th June 2025 Dividend yield will be 9.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: US$0.02 (vs US$0.026 in 1Q 2024) First quarter 2025 results: EPS: US$0.02 (down from US$0.026 in 1Q 2024). Revenue: US$44.2m (down 1.6% from 1Q 2024). Net income: US$3.30m (down 23% from 1Q 2024). Profit margin: 7.5% (down from 9.5% in 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • May 07
Amerigo Resources Ltd. Declares Fifteenth Quarterly Dividend, Payable on June 20, 2025 On May 5, 2025, Amerigo Resources Ltd.’s Board of Directors declared its fifteenth consecutive quarterly dividend. The dividend will be in the amount of CAD 0.03 per share, payable on June 20, 2025, to shareholders of record as of May 30, 20253. Announcement • Apr 09
Amerigo Resources Ltd. to Report Q1, 2025 Results on May 05, 2025 Amerigo Resources Ltd. announced that they will report Q1, 2025 results Pre-Market on May 05, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CA$1.57, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 3x in the Metals and Mining industry in Canada. Total returns to shareholders of 16% over the past three years. Announcement • Mar 10
Amerigo Resources Ltd., Annual General Meeting, May 05, 2025 Amerigo Resources Ltd., Annual General Meeting, May 05, 2025. Recent Insider Transactions Derivative • Mar 03
Independent Director exercised options to buy CA$176k worth of stock. On the 28th of February, George Ireland exercised options to buy 97k shares at a strike price of around CA$0.91, costing a total of CA$89k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since March 2024, George's direct individual holding has increased from 12.10m shares to 12.18m. Company insiders have collectively sold CA$656k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Feb 28
Dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 6th March 2025 Payment date: 20th March 2025 Dividend yield will be 8.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 10% per year over the past 3 years. However, payments have been volatile during that time. Earnings per share has grown by 9.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$0.12 (vs US$0.02 in FY 2023) Full year 2024 results: EPS: US$0.12 (up from US$0.02 in FY 2023). Revenue: US$192.8m (up 22% from FY 2023). Net income: US$19.2m (up 469% from FY 2023). Profit margin: 10.0% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 26
Amerigo Resources Ltd. Declares Fourteenth Quarterly Dividend, Payable on March 20, 2025 Amerigo Resources Ltd. declared its fourteenth quarterly dividend. The dividend will be CAD 0.03 per share, payable on March 20, 2025, to shareholders of record as of March 6, 2025. Announcement • Jan 15
Amerigo Resources Ltd. Provides Earnings Guidance for the Full Year 2025 Amerigo Resources Ltd. provided earnings guidance for the full year 2025. For the year, the company expects to produce 62.9 M lbs of copper and 1.3 M lbs of molybdenum, marking the fifth year of increased production guidance. Announcement • Jan 14
Amerigo Resources Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025 Amerigo Resources Ltd. announced that they will report fiscal year 2024 results During-Market on Feb 26, 2025 Upcoming Dividend • Nov 22
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 29 November 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (1.8%). Declared Dividend • Nov 03
Dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 29th November 2024 Payment date: 20th December 2024 Dividend yield will be 9.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 12% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: US$0.017 (up from US$0.035 loss in 3Q 2023). Revenue: US$45.4m (up 50% from 3Q 2023). Net income: US$2.78m (up US$8.58m from 3Q 2023). Profit margin: 6.1% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Oct 30
Amerigo Resources Ltd. Announces Quarterly Dividend, Payable on December 20, 2024 Amerigo Resources Ltd. declared its thirteenth quarterly dividend. The dividend will be in the amount of CAD 0.03 per share, payable on December 20, 2024, to shareholders of record as of November 29, 2024. Announcement • Oct 08
Amerigo Resources Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Amerigo Resources Ltd. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 Board Change • Sep 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Margot Naudie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 01
Amerigo Resources Ltd. Declares Quarterly Dividend, Payable on September 20, 2024 On July 29, 2024, Amerigo’s Board of Directors declared its twelfth quarterly dividend. The dividend will be in the amount of CAD 0.03 per share, payable on September 20, 2024, to shareholders of record as of August 30, 2024. Announcement • Jul 11
Amerigo Resources Ltd. to Report Q2, 2024 Results on Jul 31, 2024 Amerigo Resources Ltd. announced that they will report Q2, 2024 results During-Market on Jul 31, 2024 Announcement • Jul 09
Amerigo Resources Ltd. Declares First Performance Dividend, Payable on August 6, 2024 Amerigo Resources Ltd. declared first Performance Dividend of CAD 0.04 per share, payable on August 6, 2024, to shareholders of record as of July 16, 2024. Amerigo designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada), as amended from time to time. Based on Amerigo’s June 30, 2024, share closing price of CAD 1.55, this Performance Dividend, along with the Company’s quarterly dividends of CAD 0.03 per share, represents an annual dividend yield of 10.3%. Buy Or Sell Opportunity • Jul 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to CA$1.55. The fair value is estimated to be CA$1.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 02
Amerigo Announces Retirement of Michael Luzich from Its Board of Directors Amerigo Resources Ltd. announced that Michael Luzich has retired from Amerigo’s board of directors effective June 30, 2024. Mr. Luzich joined the Amerigo board on May 12, 2020. Mr. Luzich is the founder of Luzich Partners LLC, a multi-strategy investment firm formed in 2013 and a significant shareholder of the Company. Mr. Luzich is stepping down from the Amerigo board of directors to devote more time to his other business endeavours. Buy Or Sell Opportunity • Jun 21
Now 21% undervalued Over the last 90 days, the stock has risen 6.1% to CA$1.57. The fair value is estimated to be CA$1.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Jun 17
Independent Director recently sold CA$264k worth of stock On the 14th of June, Michael Luzich sold around 159k shares on-market at roughly CA$1.66 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$507k. Insiders have been net sellers, collectively disposing of CA$1.4m more than they bought in the last 12 months. Buy Or Sell Opportunity • Jun 13
Now 21% undervalued Over the last 90 days, the stock has risen 9.0% to CA$1.57. The fair value is estimated to be CA$1.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Jun 10
Independent Director recently sold CA$507k worth of stock On the 6th of June, Michael Luzich sold around 291k shares on-market at roughly CA$1.74 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.2m more than they bought in the last 12 months. Upcoming Dividend • May 26
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 20 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 8.6%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (1.8%). Recent Insider Transactions • May 24
Lead Independent Director recently sold CA$201k worth of stock On the 21st of May, Robert Gayton sold around 100k shares on-market at roughly CA$2.01 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$260k more than they bought in the last 12 months. Declared Dividend • May 12
First quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 30th May 2024 Payment date: 20th June 2024 Dividend yield will be 6.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 3 years. However, payments have been volatile during that time. Announcement • May 09
Amerigo Resources Ltd. Declares Quarterly Dividend, Payable on June 20, 2024 On May 6, 2024, Amerigo Resources Ltd.’s Board of Directors declared its eleventh consecutive quarterly dividend. The dividend will be in the amount of CAD 0.03 per share, payable on June 20, 2024, to shareholders of record as of May 30, 2024. Amerigo designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada), as amended from time to time. Based on Amerigo’s March 31, 2024, share closing price of CAD 1.55, this represents an annual dividend yield of 7.7%. Reported Earnings • May 08
First quarter 2024 earnings: EPS in line with expectations, revenues disappoint First quarter 2024 results: EPS: US$0.026 (down from US$0.055 in 1Q 2023). Revenue: US$44.9m (down 15% from 1Q 2023). Net income: US$4.27m (down 53% from 1Q 2023). Profit margin: 9.5% (down from 17% in 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Apr 11
Amerigo Resources Ltd. to Report Q1, 2024 Results on May 08, 2024 Amerigo Resources Ltd. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Announcement • Apr 10
Amerigo Resources Ltd. Provides Production Guidance for the Year 2024 Amerigo Resources Ltd. provided production guidance for the year 2024. The company’s 2024 copper production guidance is 62.4 M lbs. Announcement • Mar 30
Amerigo Resources Ltd., Annual General Meeting, Apr 30, 2024 Amerigo Resources Ltd., Annual General Meeting, Apr 30, 2024, at 13:00 Pacific Standard Time. Agenda: To receive the audited consolidated financial statements of the Company for the fiscal year ended December 31, 2023, together with the report of the auditors thereon; to appoint PricewaterhouseCoopers LLP as auditors of the Company for the upcoming year and to authorize the directors to fix their remuneration; to determine the number of directors at 7 and to elect the directors of the Company; to consider and, if thought fit, to approve an ordinary resolution approving all unallocated options under the Company's stock option plan; to approve an ordinary resolution approving an amendment to the Company's stock option plan; and to consider and, if thought fit, approve an ordinary resolution reconfirming the continuation of the Company's shareholder rights plan. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.49, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 91% over the past three years. Recent Insider Transactions Derivative • Mar 01
President exercised options to buy CA$110k worth of stock. On the 27th of February, Aurora Davidson exercised options to buy 80k shares at a strike price of around CA$1.11, costing a total of CA$89k. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. Since March 2023, Aurora has owned 1.17m shares directly. Company insiders have collectively bought CA$426k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Feb 27
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 05 March 2024. Payment date: 20 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 12%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (2.4%). Declared Dividend • Feb 23
Fourth quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 5th March 2024 Payment date: 20th March 2024 Dividend yield will be 9.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (421% cash payout ratio). The dividend has increased by an average of 18% per year over the past 2 years and payments have been stable during that time. Reported Earnings • Feb 22
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: US$0.02 (down from US$0.026 in FY 2022). Revenue: US$157.5m (down 6.3% from FY 2022). Net income: US$3.38m (down 23% from FY 2022). Profit margin: 2.1% (down from 2.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 100%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.