Canada's Amerigo Q1 net income jumps on higher copper prices

Amerigo Resources

29/04/2026 12:40

Overview

Canada copper producer's Q1 net income rose to $14.7 mln, EBITDA reached $32.8 mln

Company's results driven by higher copper production, lower costs, and record copper prices

Amerigo returned $16.5 mln to shareholders via dividends and buybacks in Q1

Outlook

Amerigo declares C$0.04 per share quarterly dividend payable June 18, 2026

Company says copper market fundamentals remain strong, supported by electrification and infrastructure demand

Result Drivers

RECORD COPPER PRICES - Co said strongest-ever LME copper prices in Q1-2026 supported higher revenue and earnings

HIGHER COPPER AND MOLYBDENUM OUTPUT - Co reported increased copper and molybdenum production, which contributed to revenue growth

LOWER CASH COSTS - Co attributed decrease in Q1-2026 cash cost mainly to increased molybdenum by-product credits

Company press release: ID:nNFCZY8M

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$14.7 mln
Q1 EBITDA
$32.8 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the specialty mining & metals peer group is "buy."

Wall Street's median 12-month price target for Amerigo Resources Ltd is C$8.50, about 44.3% above its April 28 closing price of C$5.89

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)