Amerigo Resources (ARG) investor relations material

Strategic positioning and business model

• Operates a long-term copper asset focused on delivering shareholder returns through a sustainable, low-risk business model.

• Recovers copper from mining waste, eliminating traditional mining risks and capital requirements.

• Maintains a strategic, multi-decade partnership with Codelco’s El Teniente mine, ensuring a stable supply of material.

• Operations are based in Chile, the world’s leading copper producer, with minimal jurisdictional risk.

Capital return strategy and shareholder value

• Employs an industry-leading Capital Return Strategy (CRS) with quarterly and performance dividends, and share buybacks.

• Achieved a 47.02% CAGR over 4.5 years since CRS inception, outperforming copper peers and ETFs.

• Returned Cdn $20.3M to shareholders in 2025, with a 3.2% yield on quarterly dividends as of February 2026.

• Share buybacks have reduced outstanding shares significantly, with 25.6M shares repurchased since 2021.

Operational performance and financials

• Copper production guidance for 2026 is 63.8M lbs, with EBITDA and FCF highly sensitive to copper prices.

• Cash costs per pound produced have remained competitive, supported by molybdenum by-product credits.

• Operational excellence is demonstrated by high plant availability and rapid recovery from disruptions such as historic floods.

• No growth Capex required; focus remains on sustaining and optimization Capex, with debt targeted for elimination by 2025.