08:33 AM EDT, 10/29/2025 (MT Newswires) -- Amerigo Resources ( ARREF ) on Wednesday said its third-quarter profit more than doubled on higher copper prices as it hiked its dividend by a third.

The company, which operates the Minera Valle Central (MVC) mine in Chile, said it earned US$6.7 million, or $0.04 per share, in the quarter, up from $2.8 million, or $0.02, in the year-prior quarter.

Revenue rose 16% to $52.5 million from $45.4 million as its average copper price rose to $4.54 per pound from $4.22. However copper production in the quarter fell to 14.55-million pounds from 15.52-million pounds.

Still the improved performance allowed the company to pay down its remaining debt and hike its dividend to $0.04 per share from $0.03.

"The company delivered solid cost and financial performance in a rising copper price environment. This strong performance positioned MVC to fully repay its remaining debt of $7.5 million on October 27, 2025," chief executive Aurora Davidson said. "Reaching debt-free status was one of our stated objectives for 2025 and concludes a strategic ten-year period for the company."

Amerigo shares closed up $0.05 to $2.72 Tuesday on the Toronto Stock Exchange. The shares have gained 55% over the past 12 months.