Amerigo Resources (ARG) Q1 2026 earnings summary

Executive summary

• Q1-2026 net income reached $14.7 million, with basic EPS of $0.09 and EBITDA of $32.8 million.

• Free cash flow was $14.5 million, and $16.5 million was returned to shareholders via dividends and buybacks.

• Strong copper production, lower cash costs, and record LME copper prices drove robust results.

• Annual maintenance was completed, making Q1 the lowest expected production quarter of 2026.

Financial highlights

• Revenue for Q1-2026 was $66.2 million, up from $44.2 million in Q1-2025.

• Net income increased to $14.7 million from $3.3 million year-over-year.

• EBITDA rose to $32.8 million from $15.2 million year-over-year.

• Operating cash flow before non-cash working capital was $20.2 million, up from $11.6 million.

• Free cash flow was $14.5 million, compared to $4.8 million in Q1-2025.

Outlook and guidance

• Copper fundamentals remain strong, supported by electrification and infrastructure demand.

• The company remains insulated from macroeconomic volatility and external disruptions.

• A performance dividend of Cdn $0.16 per share was declared, reflecting confidence in future cash generation.