The energy sources for magnetotellurics (MT) at frequencies above are electromagnetic waves generated by distant lightning storms propagating globally within the earth-ionosphere waveguide. The nature of the sources and properties of this waveguide display diurnal and seasonal variations that can cause significant signal amplitude attenuation, especially at frequencies — the so-called audiomagnetotelluric (AMT) dead band. This lack of energy results in unreliable MT response estimates; and, given that in crystalline environments ore bodies located at some depth are sensed initially by AMT data within the dead band, this leads to poor inherent geometric resolution of target structures. We propose a new time-series processing technique that uses localization properties of the wavelet transform to select the most energetic events. Subsequently, two coherence thresholds and a series of robust weights are implemented to obtain the most reliable MT response estimates. Finally, errors are estimated using a nonparametric jackknife algorithm. We applied this algorithm to AMT data collected in northern Canada. These data were processed previously using traditional robust algorithms and using a telluric-telluric magnetotelluric (TTMT) technique. The results show a significant improvement in estimates for the AMT dead band and permit their quantitative interpretation.