Business
Amerigo Announces Q1-2025 Results & Quarterly Dividend
Q1-2025 Net Income of $3.3 million Robust EBITDA 1 of $15.2 million and Free ...
About this update from Amerigo Resources Ltd
[{"type":"text","content":"Amerigo Announces Q1-2025 Results & Quarterly Dividend\n\n\n\n\n Q1-2025 Net Income of $3.3 million\n \n\n\n\n Robust EBITDA\n \n\n\n 1\n \n\n\n of $15.2 million and Free Cash Flow to Equity\n \n\n\n 1\n \n\n\n of $4.8 million\n \n\n\n\n 15\n \n\n\n th\n \n\n\n Quarterly Dividend of Cdn$.03 Declared\n \n\n\n\n $4.6 million Returned through Dividends and Share Buybacks in Q1-2025\n \n\n\n VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) --\n \n Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF)\n \n (“Amerigo” or the “Company”) is pleased to announce a strong financial performance for the three months ended March 31, 2025 (“Q1-2025”).\n \n Dollar amounts in this news release are in U.S. dollars unless indicated otherwise.\n \n\n\n Amerigo’s Q1-2025 financial results included net income of $3.3 million, earnings per share (“EPS”) of $0.02, EBITDA\n \n 1\n \n of $15.2 million, operating cash flow from operations before changes in non-cash working capital\n \n 1\n \n of $11.6 million and free cash flow to equity\n \n 1\n \n of $4.8 million. In Q1-2025, Amerigo returned $3.5 million to shareholders through its quarterly dividend of Cdn$0.03 per share and $1.1 million from the purchase and cancellation of 0.8 million common shares through a Normal Course Issuer Bid (“NCIB”).\n \n\n “We are pleased to report strong quarterly financial performance during our annual maintenance shutdown quarter. As reported in our April 9, 2025 news release, MVC completed the maintenance shutdown during Q1 of this year, compared to Q2 in 2024, which affects year-over-year quarterly analysis. The maintenance shutdown also impacts quarterly production and cash cost\n \n 1\n \n , which is reported on a unit of production basis”, said Aurora Davidson, Amerigo’s President and CEO.\n \n\n “The maintenance shutdown is part of a normal operational year, and its impact compared to normalized quarters is factored into our annual guidance. This guidance remains on track. Cash generated from operations, which is the lifeblood of our business, was strong at $11.6 million. Free cash flow to equity was $4.8 million, and $4.6 million was returned to shareholders in the quarter through our Capital Return Strategy”, she added.\n \n\n “As anticipate...