Debt Elimination
On October 27, MVC fully repaid its outstanding debt, which totaled $7.5 million at the end of September. This marks the conclusion of a transformational 10-year period for Amerigo and provides additional free cash flow capacity.
Increased Dividend
The Board of Directors increased the quarterly dividend paid to shareholders to CAD 0.04 per share, a 33% increase from the prior dividend, reflecting the company's financial strength and commitment to returning value to shareholders.
Stable Financial Performance
Amerigo reported a net income of $6.7 million and generated operating cash flow of $12.4 million for Q3 2025. The company also maintained a high plant availability of 98% and operated without lost time accidents or environmental incidents.
Strong Revenue and Copper Prices
Total revenue for the third quarter was $52.5 million, supported by stable copper prices and strong molybdenum contributions. The LME copper prices averaged $4.44 per pound in Q3, peaking at $4.51 per pound in September.