Amerigo Resources Ltd.
The MNP Tower, 1021 West Hastings Street
Vancouver, BC V6E 0C3 Canada
[email protected]
Company
Overview
Amerigo, through its 100%-owned MVC operation in Chile, produces copper and molybdenum from the tailings of Codelco's El Teniente mine, the world's largest underground copper mine. Since 2003, when it acquired MVC, Amerigo has recovered more than 1 billion pounds of copper through a simple, proven and predictable operating model.
Amerigo offers direct leverage to copper prices without traditional mining risk, strong free cash flow generation and a debt-free balance sheet. With low sustaining capital requirements and no traditional mining exploration or resource replacement risk, Amerigo's Capital Return Strategy focuses on maximizing shareholder returns and Total Yield through quarterly dividends, performance dividends and opportunistic share buybacks.