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Topic
Amerigo Resources (ARREF) - Sidoti Virtual Conference Presentation
Date & Time

Selected Sessions:

May 11, 2022 06:30 PM

Description
Amerigo Resources is an innovative copper producer located in Chile. The company's "Copper Factory" produces copper from the fresh and historic tailings from El Tentiente, the world's largest underground copper mine (owned by Codelco). We transform an environmental liability into an economic asset. The company's business model is built on $300 million of investment since 2003 and its operational objectives are to maximize production from fresh and historic tailings and manage costs to maximize margin. We are not like other copper producers given our low sustaining capex requirements (US$6 million per year) and predictable EBITDA and cash flow. We are a pure play copper producer and are highly levered to copper prices. Amerigo recently announced record annual revenue of $199.6 million, EBITDA1 of $90.1 million and net income of $39.8 million. Capital repatriation is a key corporate goal: Amerigo has active share repurchase programs and pays quarterly AND annual dividends.