- Amerigo Resources ("Amerigo") is a Canadian copper producer operating in Chile. The company processes tailings from Codelco's El Teniente mine.
- The rise in copper prices since 2020 has transformed the fortunes of the company, which generates significant FCF and is now in a positive net cash position.
- Further share price appreciation will depend on several parameters including, of course, copper prices and also the tax regime in Chile and potential organic growth projects.
- The recent dip, as the copper price consolidates, makes the risk-reward profile appealing.
For further details see:
Amerigo Resources: A Copper Producer With Significant Upside Potential After The Dip