Amerigo Resources (ARG) Q3 2025 earnings summary

Executive summary

• Q3 2025 delivered strong financial and operational results, with net income of $6.7 million, EBITDA of $18.7 million, and free cash flow to equity of $11.1 million, despite a 10-day production halt at El Teniente; production rebounded in September.

• Fully repaid all corporate debt in October 2025, concluding a ten-year strategic period and achieving a zero-debt position.

• Increased quarterly dividend by 33% to CA$0.04 per share, representing a 5.88% annual yield based on the September 30, 2025 share price, and returned $3.5 million to shareholders in Q3-2025.

• Maintained high plant availability (98%) and no lost-time accidents or environmental incidents.

• Adjusted copper production guidance to GBP 60–61.5 million due to lower throughput, but October production rebounded strongly.

Financial highlights

• Q3 2025 revenue was $52.5 million, up from $45.4 million in Q3 2024, supported by stable copper prices and strong molybdenum (MOLY) contributions.

• Net income rose to $6.7 million ($0.04 per share), compared to $2.8 million in Q3 2024, with EPS increasing to $0.04 (Cdn $0.06) from $0.02 (Cdn $0.02).

• EBITDA reached $18.7 million, with operating cash flow of $12.4 million and free cash flow to equity of $11.1 million.

• Quarterly dividend of CA$0.03 per share ($3.5 million) paid; cash position at quarter-end was $28 million.

• MOLY production was 350,000 pounds at an average price of $24.11 per pound.

Outlook and guidance

• Maintained annual cash cost guidance of $1.93 per pound, excluding collective bargaining costs.

• CapEx for 2025 expected at $13 million, with actual spending trending slightly below guidance.

• Confident in revised copper production guidance and continued strong operational performance, with copper price environment strengthening and LME copper price rising from $4.51/lb in September to $4.83/lb in October.