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Amerigo Resources Reports Strong Q3-2021 Financial Results
Q3-2021 net income of $8.4 million, earnings per share of $0.05 (Cdn$0.06) EBITDA1 of $18.5 million, quarterly operating cash flow before changes in non-cash wo
About this update from Amerigo Resources Ltd
[{"type":"text","content":" Q3-2021 net income of $8.4 million, earnings per share of $0.05 (Cdn$0.06) EBITDA1 of $18.5 million, quarterly operating cash flow before changes in non-cash working capital1 of $14.1 million. VANCOUVER, British Columbia, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; ARREF: OTC) (“Amerigo” or the “Company”) is pleased to announce financial results for the quarter ended September 30, 2021 (“Q3-2021”). Dollar amounts in this news release are in U.S. dollars unless indicated otherwise. Amerigo posted net income of $8.4 million, earnings per share (“EPS”) of $0.05 (Cdn$0.06), EBITDA1 of $18.5 million and quarterly operating cash flow before changes in non-cash working capital1 of $14.1 million. “Amerigo had strong operations, with solid financial results and accomplished planned annual maintenance during the shortened quarter. During the quarter, we also announced a substantial issuer bid to provide the mechanism to orderly retire up to Cdn$25 million in the share capital of the Company and Amerigo has reinstated dividends, which will now be paid on a quarterly basis”, said Aurora Davidson, Amerigo’s President and CEO. “We anticipate providing 2022 guidance to the market in conjunction with the release of the Q4-2021 production results at early in January 2022.” The information and data contained in this news release should be read in conjunction with Amerigo’s interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A) for the three and nine months ended September 30, 2021, available at the Company’s website at www.amerigoresources.com and at www.sedar.com. 30-Sep-21 31-Dec-20 Q3-2021 Q3-2020 Revenue ($ millions) 48.1 37.6 Net income ($ millions) 8.4 5.4 EPS (LPS) ($) 0.05 0.03 EPS (LPS) (Cdn$) 0.06 0.04 EBITDA1 ($ millions) 18.5 13.3 Operating cash flow before changes in non-cash working capital1 ($ millions) 14.1 10.7 Cash ($ millions) 64.9 14.1 Restricted cash ($ millions) 6.4 - Bank debt ($ millions) 34.2 46.5 Highlights and Significant Items Q3-2021 net income increased to $8.4 million (Q3-2020: $5.4 million) due to higher production and higher metal prices. Q3-2021 EPS wa...