Sustainable copper for the green economy

Current Dividend Yield

10.3%

Amerigo’s current dividend yield reflects the dividend paid every quarter (Cdn$0.03 per share) and the Company’s first performance dividend of Cdn$0.04.

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

We expect to meet or exceed 2024 Guidance

Amerigo outperformed operational guidance in 2020, 2021 and 2022. In 2023, we faced unprecedented weather, which impacted production by 7.5%. Our 2024 Production Guidance of 62.4 million pounds of copper is back to normal. Every 1% outperformance will result in an extra 620,000 pounds of copper - 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

955M lbs

Since 1992, Amerigo's operation MVC has recovered 955 million pounds of copper, equivalent to 80% 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

Over $25M

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

The Company’s ability to pay preferred 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.