The Copper Factory

Current Dividend Yield

5.5%

Amerigo’s current dividend yield reflects the dividend paid every quarter (Cdn$0.03 per share) and excludes performance dividends. In 2024, Amerigo paid a performance dividend of Cdn$0.04 per share.

The quarterly dividends are the cornerstone of Amerigo’s capital return strategy, and under current copper prices, Amerigo considers them secure.

Amerigo’s capital return strategy gives shareholders a powerful hedge against inflation. In a stable global business environment, with strong copper prices, Amerigo may also pay additional performance dividends, increasing the total investment yield for Amerigo’s shareholders.

Operational Excellence

In 2024 we beat our production and cost guidance

Amerigo operates consistently and reliably. We outperformed operational guidance in 2020, 2021 and 2022. In 2023, unprecedented weather impacted production by 7.5%. In 2024, copper production was 3.5% over guidance, molybdenum production beat guidance by 8.3% and our cash cost was 10.1% below guidance.

Our 2025 production guidance of 62.9 million pounds of copper marks our fifth year of increased production guidance. Every 1% outperformance will result in an extra 630,000 pounds of copper - or enough copper to build 3,436 battery electric vehicles.

Amerigo's operational excellence reflects its simple and proven technology. We are a business that consistently functions well from top to bottom. Operational excellence is the key to our capital return strategy.

Copper Recovered

1,020M lbs

Since 1992, Amerigo's operation MVC has recovered 1,020 million pounds of copper, equivalent to 93% of the estimated copper produced by the United States in 2023. Amerigo eliminates the need for another midsized copper mine in a world needing every pound of copper.

Dividend Outlook

Over $25M

Amerigo's quarterly dividends of Cdn$0.03 per share are safe under current copper prices.

The Company's ability to pay performance dividends is based on maintaining a minimum cash balance of $25M for stable operations and the Company's forward view of copper prices.

Currently, Amerigo's outlook is for stable to long-term rising copper prices. This copper market environment and outlook, combined with cash balances over the minimum threshold, led Amerigo to declare its first performance dividend of Cdn$0.04 in July 2024.