Amerigo Resources (ARG) investor relations material

Executive summary

• Net income for Q2-2026 rose to $18.3 million, up from $7.5 million in Q2-2025, reflecting strong operational execution and record copper prices.

• EBITDA reached $38.4 million and free cash flow was $21.9 million for the quarter.

• $41.7 million was returned to shareholders year-to-date through dividends and share buybacks, with a focus on maximizing shareholder value.

• Quarterly and performance dividends declared, with the latter being the largest in company history.

Financial highlights

• Revenue for Q2-2026 was $77.4 million, up from $50.8 million in Q2-2025, driven by higher copper prices and increased production.

• Basic EPS doubled year-over-year to $0.11 (Cdn $0.16).

• Cash and cash equivalents increased to $50.3 million as of June 30, 2026, from $40.3 million at year-end 2025.

• Operating cash flow before changes in non-cash working capital was $26.7 million, up from $11.9 million in Q2-2025.

• Free cash flow was $21.9 million, compared to $10.5 million in the prior year quarter.

Outlook and guidance

• Long-term outlook for copper remains constructive, supported by electrification and renewable energy trends.

• Priorities for the remainder of 2026 include safe operations, disciplined cost management, and maintaining a debt-free balance sheet.

• Copper price volatility expected to persist, but strong market fundamentals support demand.