Amerigo Resources Ltd · TSX:ARG
Amerigo Resources — Investor Presentation (October 2025)
14 slides from Amerigo Resources's investor presentation, October 2025
Slide 1: Capital Return Strategy (CRS) 2021 – 2025
OCTOBER 2025 Capital Return Strategy (CRS) 2021 – 2025 Stellar shareholder returns from Amerigo’s copper factory 1
Slide 2: Forward Looking Information
Forward Looking Information ALL REFERENCES TO DOLLARS ARE US DOLLARS, UNLESS OTHERWISE negotiations with government and other third parties, unanticipated metallurgical INDICATED difficulties, delays associated with permits, approvals and permit appeals, ground control problems, adverse weather cond
Slide 3: Forward Looking Information
Forward Looking Information ALL REFERENCES TO DOLLARS ARE US DOLLARS, UNLESS OTHERWISE • tax benefits and tax rates; INDICATED • the outcome of our copper concentrate sales and treatment and refining charge negotiations; Actual results and developments are likely to differ, and may differ materially
Slide 4: US$93.7 million returned to shareholders in 4 years
US$93.7 million returned to shareholders in 4 years US$ 63 25.6 million million shares retired 14% reduction dividends paid in the shares outstanding at the start of the Cdn$0.51 per US$ 30.7 CRS share cumulative million share dividends paid buybacks
Slide 5: Fully Deployed Capital Return Strategy (CRS)
Fully Deployed Capital Return Strategy (CRS) With copper prices stable over the period Amerigo Has Outperformed Mid-Tier Copper Producers, Copper ETFs and Copper Futures on a Compound Annual Growth Rate (CAGR) Since October 2021 when the CRS was Deployed
Slide 6: Amerigo's US$ returns per pound of copper by CRS year
Amerigo’s US$ returns per pound of copper by CRS year $3.50 $3.01 $3.00 $2.60 $2.47 $2.50 $2.16 $2.00 $1.50 $1.00 $0.50 $- CRS1 CRS2 CRS3 CRS4 Discount Share Appreciation Dividends Buybacks
Slide 7: Gains on LME Copper Price by CRS Year
Gains on LME Copper Price by CRS Year US$ price gains per pound of copper $0.30 $0.20 $0.10 $- $(0.10) $(0.20) $(0.30) $(0.40) CRS1 CRS2 CRS3 CRS4 LME Copper
Slide 8: Amerigo's Discount to LME copper price (US$)
Amerigo’s Discount to LME copper price (US$) CRS0 CRS1 CRS2 CRS3 CRS4 Average cost of ARG share per $2.07 $2.30 $2.37 $2.92 $3.85 pound of copper produced Average LME copper price per pound $3.94 $4.18 $3.83 $4.03 $4.29 Discount of ARG's pound of copper ($1.87) ($1.88) ($1.46) ($1.11) ($0.44) to LME
Slide 9: Premium (Discount) per 1 pound of copper (US$)
Premium (Discount) per 1 pound of copper (US$) $12.00 $10.00 $8.00 $6.00 USD $4.00 $2.00 $- CRS0 CRS1 CRS2 CRS3 CRS4 $(2.00) $(4.00) ARG HBM CS TKO
Slide 10: Average US$ cost to buy 1 pound of copper
Average US$ cost to buy 1 pound of copper $16.00 $14.00 $12.00 $10.00 USD $8.00 $6.00 $4.00 $2.00 $- CRS0 CRS1 CRS2 CRS3 CRS4 ARG HBM CS TKO LME Copper
Slide 11: Share Buybacks per 1 pound of copper (US$)
Share Buybacks per 1 pound of copper (US$) $1.00 $- CRS1 CRS2 CRS3 CRS4 $(1.00) $(2.00) USD $(3.00) $(4.00) $(5.00) $(6.00) $(7.00) ARG HBM CS TKO
Slide 12: Total Gains by CRS Year Per 1 pound of copper (US$)
Total Gains by CRS Year Per 1 pound of copper (US$) $4.00 $2.00 $- $(2.00) CRS1 CRS2 CRS3 CRS4 $(4.00) $(6.00) $(8.00) ARG HBM CS TKO
Slide 13: Amerigo's US$ returns per pound of copper by CRS year
Amerigo’s US$ returns per pound of copper by CRS year $3.50 $3.01 $3.00 $2.60 $2.47 $2.50 $2.16 $2.00 $1.50 $1.00 $0.50 $- CRS1 CRS2 CRS3 CRS4 Discount Share Appreciation Dividends Buybacks
Slide 14: Amerigo's Capital Return Strategy rewards shareholders through
ALL REFERENCES TO DOLLARS ARE US DOLLARS, UNLESS OTHERWISE negotiations with government and other third parties, unanticipated metallurgical INDICATED difficulties, delays associated with permits, approvals and permit appeals, ground control problems, adverse weather conditions, process upsets and e
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