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Amerigo Resources Reports Profitable Q1 and Dividend
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Amerigo Resources Reports Profitable Q1 and Dividend

Amerigo Resources (TSE:ARG) has released an update.

Amerigo Resources Ltd. reported a profitable first quarter in 2024, with a net income of $4.3 million and a strong EBITDA of $13.6 million, alongside a declared quarterly dividend of Cdn$0.03 per share. The company’s financial growth is highlighted by a substantial increase in copper prices post-Q1, which exceeds their average Q1 copper price by $0.50 per pound. Amerigo’s President and CEO emphasized the company’s effective cost management and robust copper market fundamentals as drivers for the positive results and shareholder returns.

For further insights into TSE:ARG stock, check out TipRanks’ Stock Analysis page.

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