Amerigo Renews Normal Course Issuer Bid ("NCIB")

Executive Summary

• Amerigo Resources received TSX approval to commence a new NCIB, permitting the repurchase and cancellation of up to 11.7 million common shares (≈10% of public float).
• The program runs from Dec 2 2025 to Dec 1 2026, with a daily purchase limit of 68,239 shares (25% of six‑month ADTV) and the ability to make one weekly block purchase exceeding that limit.
• Under the prior NCIB (Dec 2024–Dec 2025), Amerigo repurchased 3,967,984 shares at a weighted‑average price of C$1.80 per share, contributing to its broader capital return strategy that also includes quarterly and performance dividends.

Key Details

• Authorized Share Repurchase: Up to 11,700,000 common shares for cancellation (≈10% of the public float as of Nov 18 2025).
• Public Float Basis: 161,491,267 issued & outstanding shares; 117,270,397 forming the public float.
• Daily Purchase Limit: 68,239 shares (25% of six‑month ADTV of 272,958 shares).
• Weekly Block Purchase: One block purchase per calendar week may exceed the daily limit.
• Purchase Method: Open‑market transactions on the TSX at prevailing market prices; all purchased shares will be cancelled in accordance with TSX requirements.
• Program Timeline: Commences Dec 2 2025, terminates Dec 1 2026 or earlier at Amerigo’s option.
• Prior NCIB Performance: Authorized to purchase up to 12,000,000 shares; actually repurchased 3,967,984 shares at a weighted‑average price of C$1.80 per share.
• Capital Return Strategy Highlights (since Oct 2021):
• Total shares repurchased: C$30.6 M
• Dividends paid: C$63.1 M
• Combined capital returned to shareholders: C$93.7 M
• Dividend Policy: Quarterly dividends of C$0.04 per share, plus performance dividends, continue alongside the NCIB.

Notable Quotes

“Amerigo’s Capital Return Strategy continues to deliver tangible value to the Company’s shareholders,” said Aurora Davidson, President and CEO. “The renewal of the Normal Course Issuer Bid reaffirms our commitment to disciplined capital allocation and long‑term shareholder value.”