Amerigo Resources 5/3/2023 Earnings Report

Amerigo Resources EPS Results

• Actual EPS: $0.05
• Consensus EPS: $0.04
• Beat/Miss: Beat by +$0.01
• One Year Ago EPS: N/A

Amerigo Resources Revenue Results

• Actual Revenue: $52.65 million
• Expected Revenue: $53.08 million
• Beat/Miss: Missed by -$430.00 thousand
• YoY Revenue Growth: N/A

Amerigo Resources Announcement Details

• Date: 5/3/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Amerigo Resources (OTCMKTS:ARREF) Company Ltd. is a Vancouver-headquartered mineral development company focused on the production and sale of copper concentrates recovered from tailings deposits in Chile’s world-class El Teniente mining district. Through its wholly owned subsidiary Minera Valle Central S.A. (MVC), Amerigo operates a long-term processing facility under contract with Compañía Minera El Teniente, the world’s largest underground copper mine. The MVC operation employs a proprietary extraction and flotation process to recover copper, silver and molybdenum from historic tailings, extending the life of both the mine and the tailings repository while providing incremental metal production on an environmentally responsible basis.

Since entering production in 2014, Amerigo has successfully ramped up throughput at the MVC plant to process millions of tonnes of historic tailings each year. The company’s recovery processes involve re-treatment of tailings that were deposited decades ago, utilizing a combination of milling, flotation and water management techniques to maximize copper recovery and minimize fresh water usage. This sustainable approach not only delivers a stable supply of copper concentrate to smelters in Asia and Europe but also addresses environmental and safety considerations associated with legacy tailings sites.

Amerigo maintains strong relationships with Chilean regulators and local communities, emphasizing responsible stewardship of water resources and ongoing reclamation work at its tailings facilities. The company’s senior management team brings extensive experience in both Chilean mining operations and global metals marketing, with members who have held leadership roles in engineering, processing and project development across major mining jurisdictions. Amerigo’s board of directors includes industry veterans who guide the company’s strategic planning and ensure robust governance practices.

Looking ahead, Amerigo continues to evaluate opportunities to expand its processing capacity, optimize recovery rates and explore additional tailings resources within the El Teniente concession. By leveraging its operating expertise and strong partner relationships, the company aims to deliver reliable copper supply while advancing sustainable mining solutions in one of the world’s most established mining regions.