Operations
Financial Highlights
Amerigo is a pure copper play, highly levered to copper price. Amerigo’s MVC operation in Chile generates strong and predictable EBITDA and cash flow, with low capex requirements. Capital repatriation to shareholders is a key corporate goal for Amerigo. The company has a multi-layer strategy in place including share buybacks, sustainable quarterly dividends, and performance dividends to distribute excess cash to shareholders.
| Years ended December 31, | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | 2020 | 2019 | ||
| Financial Results (US$ M) | |||||
| Revenue | 168.05 | 199.55 | 126.43 | 119.80 | |
| Gross profit (loss) | 28.32 | 72.09 | 15.39 | 0.40 | |
| Net income (loss) | 4.37 | 39.82 | 6.06 | (9.41) | |
| Operations cash flow | 23.63 | 93.13 | 19.78 | 9.71 | |
| Investment cash flow | (9.80) | (8.10) | (2.72) | (10.59) | |
| Financing cash flow | (35.89) | (36.82) | (10.66) | (13.17) | |
| Financial Position (US$ M) | |||||
| Cash and cash equivalents | 37.82 | 59.79 | 14.09 | 7.16 | |
| Borrowings | 23.70 | 30.40 | 53.77 | 55.90 | |
| Working capital (deficiency) | 10.00 | 24.60 | (6.14) | 15.12 | |
| Total assets | 231.18 | 269.35 | 237.58 | 233.66 | |
| Total liabilities | 112.48 | 130.55 | 126.89 | 131.03 | |
| Retained earnings | 31.74 | 51.32 | 19.44 | 13.38 | |
| Shareholders' equity | 118.70 | 138.79 | 110.68 | 102.63 | |