Total Yield
7.5%
Amerigo's stated dividend yield reflects only the quarterly dividend of Cdn$0.04 per share and does not capture the full value returned to shareholders through the Capital Return Strategy.
Since launching the CRS in 2021, Amerigo has complemented its quarterly dividend with performance dividends and opportunistic share buybacks, returning excess cash to shareholders while maintaining a strong balance sheet.
The quarterly dividend is the foundation of the CRS, providing a consistent and sustainable cash return through commodity cycles. Performance dividends provide additional flexibility, allowing Amerigo to return excess cash when it is generated rather than retaining it on the balance sheet. Share buybacks are used opportunistically when they represent an attractive capital allocation opportunity.
Amerigo evaluates shareholder returns through the broader lens of Total Yield, which reflects the combined impact of quarterly dividends, performance dividends (and share buybacks). This approach provides shareholders with direct participation in strong copper markets while preserving the financial strength and operating flexibility of the business.
Since 2024, Amerigo has declared performance dividends of Cdn$0.04 per share in July 2024, Cdn$0.05 per share in December 2025, Cdn$0.16 per share in April 2026 and Cdn$0.18 per share in July 2026, demonstrating the CRS in action.
Operational Excellence
In 2025 we beat our production and cost guidance
Amerigo prides itself on operational reliability and consistently outperforms operational guidance.
In 2025, despite throughput impacts from an accident at El Teniente, Amerigo produced 62.2 million pounds of copper, exceeding its revised guidance, and also produced 1.5 million pounds of molybdenum, outperforming guidance. Cash cost guidance was also outperformed, and MVC’s plant availability was 98.4%.
Our 2026 production guidance of 63.8 million pounds of copper and 1.5 million pounds of molybdenum marks our sixth consecutive year of increased production guidance. Every 1% outperformance will result in an extra 638,000 pounds of copper — or enough copper to build approximately 3,480 battery electric vehicles.
Amerigo’s operational excellence reflects its simple and proven technology. We are a business that consistently functions well from top to bottom. Operational excellence is the foundation of our capital return strategy.
Copper Recovered
1,082M lbs
Since 2003, when it was acquired by Amerigo, MVC has continuously recovered 1,082 M lbs of copper. This is roughly the mineable copper produced in the United States in 2025. Amerigo eliminates the need for another mid-sized copper mine in a world needing every pound of copper.
Dividend Outlook
Cash Over $30M
Amerigo's quarterly dividend of Cdn$0.04 per share is safe at current copper prices.
The Company's ability to pay performance dividends depends on maintaining a minimum cash balance of $30M to support stable operations and on its outlook for copper prices.
Amerigo's outlook for copper prices remains strong in the long term. This copper market environment and outlook, combined with cash balances above the minimum threshold, have led Amerigo to declare per-share performance dividends of Cdn$0.04 in July 2024, Cdn$0.05 in December 2025, Cdn$0.16 in April 2026 and Cdn$0.18 in July 2026.
