Amerigo Resources


Primary ticker: TSX:ARG
Stage of development: Production
Primary minerals: Copper
Project to promote: Minera Valle Central
Project location: Chile
Corporate presentation: Click here
Corporate video: Click here

Amerigo is not a mining company, it is a “copper factory.” We produce copper from the tailings of Codelco’s El Teniente, the world’s largest underground copper mine. Amerigo investors directly participate in the success of the company through quarterly dividends, performance dividends, and share buybacks. The company has minimal sustaining capex obligations and predictable production and cash flow profiles.

Cash: USD$50,000,000
Debt: USD$28,000,000

Major shareholders:
Aegis Financial – 13%
Luzich Partners – 7.6%
George Ireland – 7.2%
Top-Five University Endowment – 5.5%
Management & Directors – 5.3%

Management Profile

Aurora Davidson – President & CEO
Ms. Davidson has been with Amerigo since 2003. She is a Chartered Professional Accountant (CPA, CGA) with over 30 years of international experience in financial and general business management. She has assisted numerous private and public companies in the mining, engineering and high-technology sectors as Chief Financial Officer, Vice President, Finance and Corporate Controller.

What is your rationale for taking part in 121 Mining Investment?

We are looking for new, long-term investors who have a constructive view on copper. Amerigo has a strong balance sheet, an attractive capital return policy, clean capital structure, and minimal debt. We are a production and cash flow story with many ESG attributes that make the company an attractive investment to a wider audience beyond the traditional mining pools of capital. The current market volatility has created a very advantageous entry point ahead of our quarterly dividend payout and a potential performance dividend.

What recent news would you like to highlight to investors attending?

Quarterly financials and dividend payouts.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Return capital to shareholders

6 Months:
Return capital to shareholders

12 Months:
Return capital to shareholders

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Operational excellence and the price of copper is the main driver of our business. One is in our control, and the other is not.

What do you think makes your company such a compelling investment?

Our strong balance sheet and capital return policy

What are the top 3 key investor takeaways?

No need for new equity
Robust payout policies
Long track record of success