EQS-News

Amerigo Announces Renewal of Normal Course Issuer Bid - Seite 2

Pursuant to the rules of the TSX, the total number of common shares that Amerigo is permitted to purchase is subject to a daily purchase limit of 62,016 common shares, which represents 25% of the average daily trading volume of 248,067 common shares on the TSX for the six-month period ended October 31, 2022. However, Amerigo may make one block purchase per calendar week which exceeds the daily purchase restriction.

All common shares purchased under the NCIB will be cancelled.

The actual number of common shares purchased pursuant to the NCIB, and the timing of such purchases will be determined by Amerigo. There cannot be any assurance as to how many common shares, if any, will ultimately be acquired by the Company.

¹ The disclosed annual yield of 9.6% is based on four quarterly dividends of Cdn$0.03 per share each, divided over Amerigo’s November 29, 2022 share price of Cdn$1.25.

About Amerigo and Minera Valle Central (“MVC”)

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine. Tel: [phone]; Web: www.amerigoresources.com; Listing: ARG:TSX.

Forward-Looking Information

Forward-looking information (“forward-looking statements”) is included in this news release. These forward-looking statements are identified by the use of terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should” and similar terms and phrases, including references to assumptions. Such statements may involve but are not limited to, Amerigo’s plans, objectives, expectations and intentions, including Amerigo’s objectives and expectations regarding the number of shares that may be purchased by Amerigo pursuant to the NCIB, Amerigo’s return of capital policy and other comments with respect to strategies, expectations, planned operations or future actions.