Sustainable copper for the green economy

Current Dividend Yield

7.5%

Amerigo’s current dividend yield reflects only the dividend paid every quarter (Cdn$0.03 per share). Amerigo considers this dividend to be secure in the foreseeable future. The current dividend yield is the cornerstone of Amerigo’s capital return strategy.

Amerigo’s capital return strategy gives shareholders a powerful hedge against inflation. In a copper price environment over $4 per pound, Amerigo may also pay additional performance dividends, increasing the total investment yield for Amerigo’s shareholders.

Operational Excellence

103%

Amerigo outperformed operational guidance in 2020, 2021 and 2022. Every 1% outperformance provides an extra 620,000 pounds of copper to green the economy – or enough copper to build 3,382 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

900M lbs

Since 1992, Amerigo’s operation MVC has recovered 900 million pounds of copper, equivalent to 75% of the estimated recoverable copper from the United States’ mine production in a given year. Amerigo eliminates the need for another midsized copper mine in a world needing every pound of copper.

Dividend Outlook

$42M

Amerigo’s ability to pay quarterly dividends is based on maintaining a minimum cash balance for stable operations and on the Company’s forward view of copper prices. Currently, Amerigo’s cash balance is above the minimum cash target required for normal operations ($25 M) and projected cash flows are enough to secure quarterly dividends for the foreseeable future.

The minimum cash target is primarily subject to Amerigo’s outlook on future copper prices. Protracted periods of declining copper prices will influence the sustainability of quarterly dividends more than short-term copper price volatility. Currently, Amerigo’s outlook is for stable to long-term rising copper prices.