Americas Gold And Silver Corp Stock Price, News & Analysis

Americas Gold and Silver (NYSE: USAS) has announced breakthrough metallurgical test results at its Galena Complex in Idaho, demonstrating high antimony recovery rates of 90-96% alongside strong silver (98-99%) recoveries. The testing, conducted by SGS Canada, achieved rougher concentrate grades of ~18-19% antimony and ~600 opt silver from ore grading ~1% antimony and ~50 opt silver. This development could position USAS as the only antimony producer in the United States, where currently >90% of antimony is imported. Antimony, designated as a critical mineral by the U.S. government, is crucial for defense, energy storage, and semiconductor applications. The Galena Complex has historically produced over 18 million pounds of antimony since 2001 but received no revenue due to concentrate quality limitations. The company is now advancing technical studies to commercially recover and monetize antimony from existing operations.

Americas Gold and Silver (NYSE: USAS) reported its Q1 2025 financial results with revenue increasing 12% to $23.5 million compared to Q1 2024, driven by higher realized silver prices of $32.10/oz. The company produced 446,000 ounces of silver and 837,800 ounces of silver equivalent, including 6.7M pounds of zinc and 3.8M pounds of lead.

The company reported a net loss of $18.9 million for Q1 2025, wider than the $16.2 million loss in Q1 2024. Cash costs were $25.04 per silver ounce, with all-in sustaining costs at $35.67. The company ended the quarter with $8.8 million in cash and a working capital deficit of $27.8 million.

Notable developments include the company's inclusion in the Solactive Global Silver Miners Index and ongoing transition at Cosalá operations from San Rafael Mine to the higher-grade EC120 zone. The Galena Complex showed promising exploration results, with an intersection of 983 g/t over 3.4 metres in the new 034 vein.

Americas Gold and Silver (TSX: USA, NYSE American: USAS) has announced its inclusion in the Solactive Global Silver Miners Index effective May 1, 2025. The company met the index's criteria, including significant silver mining activities, substantial revenue from silver mining, and market capitalization requirements.

According to CEO Paul Huet, this inclusion validates the company's success in establishing itself as a growing silver miner and could potentially attract more institutional investment while increasing stock liquidity, as the index serves as a benchmark for many large investment funds.

Americas Gold and Silver (NYSE American: USAS) has announced significant exploration results at its Galena Complex, highlighting the discovery and growth of the high-grade 034 Vein. The vein has shown impressive drill results, including 983 g/t silver over 3.44 metres, and extends along a 90-metre strike length over a 100-metre vertical extent.

The preliminary exploration target estimates 100-120k tonnes at 311-467 g/t silver and 0.31-0.40% copper, potentially yielding 1.2-1.5M silver ounces and 750-800k copper pounds. The company has also announced the arrival of new mining equipment, including two 20T trucks and three new LHDs, to improve material movement underground.

Additionally, the company has appointed Tara Hassan to its Board of Directors, bringing 20 years of mining industry and capital markets experience. The company also plans to begin drilling at the Coeur Mine in early May, targeting three veins below the 3400 Level.

Americas Gold and Silver (NYSE: USAS) reported its full-year 2024 financial results, highlighting increased revenue of $100.2 million, up 5% from 2023's $95.2 million. The company produced 1.7 million ounces of silver and approximately 3.7 million ounces of silver equivalent, including 31.5 million pounds of zinc and 15.8 million pounds of lead.

Key developments include acquiring 100% ownership of the Galena Complex through Eric Sprott's 40% interest acquisition and completing a C$50 million private placement. The company appointed Paul Andre Huet as CEO and Chairman, focusing on unlocking value at Galena Complex and Cosalá Operations.

Financial metrics show a net loss of $48.9 million for 2024, with cash costs at $17.41 and all-in sustaining costs at $28.13 per silver ounce. The company secured a $15 million Credit and Offtake Agreement with Trafigura for the EC120 Project at Cosalá Operations, targeting higher-grade silver-copper concentrate production in Q3-2025.

Americas Gold and Silver (NYSE: USAS) has provided an update on its Galena Complex following the December 19, 2024 consolidation transaction. The company has initiated several key operational improvements including:

- Upgrades to the #3 shaft hoist system to increase hoisting capacity beyond 700tpd, expected completion in Q4 2025
- Order of five new pieces of underground equipment with delivery in Q1 2025 and commissioning in Q2 2025
- Metallurgical optimization program to enhance by-product recovery of copper, antimony, and gold
- Discovery of new high-grade silver-copper veins, including the 049 vein with notable results up to 1,731 opt Ag and 16.3% Cu

The company has identified hoisting capacity as the primary production bottleneck and is implementing a multi-step upgrade plan including motor size increases, brake improvements, and communication system modernization. Additionally, metallurgical testing is underway at SGS Laboratories to maximize metal recoveries and optimize concentrate sales.

Americas Gold and Silver has completed the acquisition of the remaining 40% interest in the Galena Complex in Idaho from Eric Sprott's affiliate. The transaction terms include:

- 169,999,998 common shares issued to Sprott's affiliates
- US$10 million cash payment
- Monthly silver deliveries of 18,500 ounces for 36 months starting January 2026
- Total of 294,999,998 company shares issued, including 125,000,000 subscription receipts at C$50 million

The company has also reconstituted its board of directors with 50% new members, including Paul Huet as Chairman & CEO. Eric Sprott now owns approximately 20.3% of the company's outstanding shares following the transaction.

Americas Gold and Silver (TSX:USA; NYSE American: USAS) announced the results of its special meeting held on December 17, 2024. Shareholders approved several significant share issuances, including 117,270,000 common shares to Sprott Mining and 52,730,000 common shares to Sprott Preferred Sellers. Additionally, they authorized the issuance of 125,000,000 common shares through subscription receipts at C$0.40 per receipt, and 682,850 shares to Edgehill Advisory The total authorized issuance of 305,682,850 common shares represents a dilution exceeding 25% of current outstanding shares. The meeting saw participation from 86,059,017 shares, representing 31.07% of total outstanding shares.

Americas Gold and Silver (TSX: USA) (NYSE American: USAS) has announced the filing and mailing of Meeting Materials for a special shareholders meeting on December 17, 2024, regarding the proposed acquisition of the remaining 40% interest in the Galena Complex. Due to a Canada Post labour strike, shareholders may face delays in receiving materials before the December 13, 2024 voting deadline. Shareholders can access materials through SEDAR+ or contact Carson Proxy Advisors. The company encourages early voting and provides multiple channels for material access and voting assistance.