Amerigo Resources Ltd. (ARG:TSX)

Amerigo is partnered with Codelco’s El Teniente mine, the largest underground copper mine in the world, which began operations in 1905 and is expected to continue operating until 2082. Amerigo has a >30-year strategic relationship with the mine.
ARG is focused on returning capital to shareholders via its 3.0% dividend yield and share buybacks. ARG has returned C$0.60/share to shareholders via dividends and buybacks since 2021.
Amerigo has a strong shareholder base with institutions and family offices owning 34%, management and the board owning 14%, and retail investors owning the remaining 52%.

Investment Summary

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer. Amerigo produces copper concentrate, and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine.

Company Description