EarningsQ4 2025 Earnings Report
MX:ARGRN Q4 2025 EPS Results
Actual EPS$1.82
Consensus EPS―
Beat/Miss―
One Year Ago EPS$0.36
MX:ARGRN Q4 2025 Revenue Results
Actual Revenue$1.42B
Expected Revenue$1.28B
Beat/MissBeat by +$141.36M
YoY Revenue Growth+56.61%
Earnings Announcement Details
QuarterQ4 2025
Date02/25/2026
TimeBefore Open
Conference CallWednesday, February 25, 2026
MX:ARGRN Upcoming Earnings
Amerigo Resources's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q4 2025 Earnings Call Audio
MX:ARGRN Q4 2025 Earnings Call
0:00 / 0:00
Q4 2025 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2025 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance for 2025: production exceeded guidance, margins and cash flow improved materially, debt was eliminated, and shareholders received meaningful returns. Management reiterated a conservative, disciplined capital-allocation approach and provided constructive 2026 guidance with targeted optimization projects. Headwinds cited were manageable: a mid-year fresh-tailings supply disruption, higher operating expenses driven by historic tailings processing and a one-time labour signing bonus, rising per-unit total costs and royalty renegotiation risk if sustained copper prices breach contractual caps. Price and settlement timing volatility remain exposures but also present upside as realized prices in early 2026 have been higher than the provisional Q4 mark. Overall, the positive operational resilience, cash generation and balance-sheet improvements outweigh the identified challenges.Company Guidance
Operational Outperformance
MVC produced 62.2 million pounds of copper in 2025, exceeding revised guidance, plus 1.5 million pounds of molybdenum. Plant availability remained above 98% and the operation maintained 4 consecutive years without a lost time accident.
Strong Financial Performance
Average copper price was $4.73/lb (+14% vs 2024). Americas revenue rose 18% to $227.3 million, EBITDA increased 31% to $89.8–90.0 million, gross profit grew 48% to $67.2 million, net income was $35.4 million and free cash flow to equity increased 33% to $37 million.
Debt Elimination and Healthy Liquidity
Amerigo fully eliminated all debt in 2025 and finished the year debt-free. Cash and cash equivalents were $40.3 million and working capital was $10.9 million as of December 31, 2025.
Disciplined Capital Returns
Amerigo returned $20.4 million to shareholders in 2025 (≈$15.2 million in dividends, $5.2 million in share buybacks — 4 million shares cancelled). A performance dividend of $0.05/share was declared with the December cash position and paid in January 2026.
Competitive Unit Costs and Cost Discipline
2025 cash cost was $1.93 per pound (below guidance). Excluding a $0.06/lb signing-bonus impact, normalized cash cost was $1.87/lb. Management highlights strict cost control contributing to margin expansion.
Conservative 2026 Guidance with Targeted Optimization
2026 guidance targets 63.8 million pounds of copper (year-over-year growth), 1.5M lb molybdenum, cash cost ~$1.98/lb, and total CapEx of $17.5 million including $6.4M for optimization projects (short paybacks cited: 0.25–1.9 years).
Favorable Realized Price Momentum and Clear Price Sensitivities
Q4 provisional price noted at $5.35/lb with realized settlement upgrades (January realized $5.94/lb; month-to-date Feb ~ $5.87–5.91/lb). Management provided sensitivity: ~$4.2 million EBITDA impact per $0.20/lb copper move, and ~$10.2 million revenue change per 10% move on the $5.35 provisional price for Q4 production.
Environmental Recognition and Circular-Economy Positioning
MVC received industry recognition in Chile for tailings reprocessing; management emphasized a minimal environmental footprint relative to traditional mining and the economic and ESG benefits of tailings reprocessing.
MX:ARGRN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed