Amerigo Resources (ARG) Q2 2025 earnings summary

Executive summary

• Achieved strong copper production of 15.5 million lbs in Q2 2025, maintaining operational excellence and no environmental incidents at Minera Valle Central.

• Q2 2025 net income reached $7.5 million, with EBITDA of $17.8 million and EPS of $0.05.

• $7.6 million returned to shareholders in Q2 via dividends and buybacks, including the 16th consecutive quarterly dividend.

• MVC operation met production, cash cost, and safety targets, supporting the trajectory to meet annual guidance and become debt-free by year-end.

Financial highlights

• Q2 2025 revenue: $50.9 million, slightly down from $51.6 million in Q2 2024; net income: $7.5 million (down $2.2 million YoY).

• EBITDA for Q2 2025 was $17.8 million.

• Cash cost per pound in Q2 2025 was $1.82, down from $1.96 in Q2 2024.

• Cash equivalents at June 30, 2025: $23.3 million; working capital deficiency improved to $5.4 million.

• Free cash flow to equity was $6.5 million, nearly flat year-over-year.

Outlook and guidance

• Annual production and cash cost guidance reaffirmed; company expects to be debt-free by end of 2025.

• CapEx for 2025 expected at $13 million, with $6 million spent YTD.

• Positive operational and pricing trends continued into July, with copper prices at $4.44/lb.

• Management anticipates continued strong, long-term global copper demand, with supportive fundamentals despite short-term market disruptions.