Amerigo Resources Ltd.
Amerigo Resources' subsidiary Minera Valle Central (MVC) reprocesses fresh and historic tailings from Codelco's El Teniente mine -- the world's largest underground copper mine -- near Rancagua, Chile, producing copper and molybdenum concentrate under a long-term tolling arrangement. Q1 2026 net income was $14.7 million on EBITDA of $32.8 million and free cash flow of $14.5 million; the company became debt-free in October 2025, paid its 219th consecutive quarterly dividend, and returned $16.5 million to shareholders via dividends and buybacks in the quarter.
Notable vs. Peers
- All-in sustaining cost of $1.74/lb is 33% lower than the peer producer average of $2.60/lb.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Jurisdiction (40%)7/10
Chile is one of the world's premier copper-mining jurisdictions, though Amerigo's business is entirely dependent on its long-term tolling relationship with state-owned Codelco, adding contract-renewal/counterparty risk on top of standard Chilean jurisdictional risk.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Minera Valle Central (MVC) Tailings Reprocessing, El Teniente, Chile.
Nearby producing mine (20%)9/10
El Teniente (Corporacion Nacional del Cobre de Chile) is 34 km away -- within regional-platform range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:6.6/10
Nearest producing mine: El Teniente (Corporacion Nacional del Cobre de Chile), 34 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:7/10
Chile: jurisdiction score 7/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, Chief Executive Officer and Director of Amerigo Resources Ltd. (CPA, CGA) Over 30 years' experience in financial and business management; has served numerous private and public companies in the mining, engineering and high-technology sectors as CFO, Vice President Finance and Corporate Controller. Joined Amerigo in 2003.
Executive Chairman and Director of Amerigo Resources Ltd., which he founded in 2003. Over 50 years in the mining industry; has financed, built and managed base-metal and gold mines worldwide with a total investment value exceeding $4 billion. Career: Senior Vice President, Teck Cominco Limited (1997-2002); Director, Cominco Limited (1986-1996); Founder, CEO and Director, Inmet Mining Corporation (1987-1996, built to over $4.0B in assets); Director, Teck Corp. (1981-1997).
Chief Financial Officer and Corporate Secretary of Silver One Resources Inc.; also Chief Financial Officer of Amerigo Resources Ltd. (CPA, CA) Over 15 years of mining industry experience, having served as CFO/Controller of several public mining companies. Audit and assurance experience at PricewaterhouseCoopers. BA, University of British Columbia; Diploma in Accounting, UBC Sauder School of Business.
General Manager, MVC (Minera Valle Central) of Amerigo Resources Ltd. Metallurgical Engineer with an MBA; registered with the Chilean Mining Commission. Over 30 years' experience in metallurgical processes, tailings processing, water recovery, engineering projects, operation management and sustainability. MVC General Manager since 2015.
Operational Continuity and Sustainability Manager, MVC (Minera Valle Central) of Amerigo Resources Ltd. Electrical Engineer with an MBA and Industrial Engineering diploma. Over 20 years in manufacturing and mining focusing on maintenance, project management and sustainability.
Production Manager, MVC (Minera Valle Central) of Amerigo Resources Ltd. Chemical Engineer with an MSc in Mineral Processing and an MBA; registered with the Chilean Mining Commission. Leads production teams; promoted to Production Manager in 2020.
Finance and Administration Manager, MVC (Minera Valle Central) of Amerigo Resources Ltd. Public Accountant and Commercial Engineer with 15+ years' mining experience. Prior to joining MVC, was Head of Corporate Accounting at Codelco and Antofagasta Plc.
Corporate Secretary of Amerigo Resources Ltd., with the company since 2010. Over 20 years' experience with public companies; extensive experience coordinating corporate compliance with various stock exchanges and securities commissions in Canada and the United States.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Checked thoroughly, and the findings run the wrong way. No producer or strategic investor holds a stake, and the only named holder on the register is Dimensional Fund Advisors at 0.79% -- a systematic index-style manager. Meanwhile insider selling has been relentless and completely one-sided: eighteen open-market sales by nine different insiders between January and August 2026, including the CEO and CFO, with not a single purchase anywhere on the record. Institutional ownership of 27.3% cannot be attributed to anyone we can identify as informed money.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Amerigo Resources, through its subsidiary Minera Valle Central (MVC), reprocesses fresh and historic tailings from Codelco's El Teniente mine near Rancagua, Chile, producing copper and molybdenum concentrate under a long-term tolling arrangement with Codelco; it owns no ore body of its own. The agreement runs to 2037 for fresh tailings and the Colihues tailings and to 2033 for the historic Cauquenes deposit, and MVC has processed El Teniente tailings since 1992. Q2 2026 production was 16.9 million lb of copper and 0.4 million lb of molybdenum at a cash cost of US$1.74/lb, and the H1 2026 normalised cash cost of US$1.70/lb was below the US$1.98/lb annual guidance. Amerigo returned US$41.7M to shareholders in the first half of 2026, including a record C$0.18 performance dividend declared on 6 July 2026.