Americas Gold And Silver Corp Stock Price, News & Analysis

Americas Gold and Silver Corporation (USAS) released an update on its Mineral Reserve and Resource statement as of June 30, 2022. The Galena Complex saw a significant year-over-year increase in P&P silver mineral reserves from 16.6 million to 20.9 million ounces (26% rise), and M&I silver resources rose from 64.2 million to 77.3 million ounces (20% rise). The overall contained metal in P&P categories totaled 34.7 million ounces of silver, 107.0 million pounds of zinc, and 135.7 million pounds of lead. The Company aims to enhance production through continued drilling and exploration.

Americas Gold and Silver Corporation (USAS) reported a Q2-2022 revenue of approximately $20 million, with a net loss of $9.3 million, resulting in a loss of $0.04 per share. Despite producing 300,000 ounces of silver, revenue fell due to lower metal prices. Net cash from operations was about $7 million, with cash and equivalents at $8.8 million. Total liabilities decreased by $3.5 million. Production guidance remains stable with projected significant increases in 2024. The company highlighted strong operational performance at Cosalá Operations and Galena Complex.

Americas Gold and Silver Corporation (NYSE American: USAS) reported strong production results for Q2 2022, with approximately 300,000 silver ounces and 1,343,000 silver equivalent ounces produced. Year-over-year, silver production increased by 115%, while silver equivalent rose over 475%. The cash cost per silver ounce was negative $0.12, and the all-in sustaining cost was $7.96. The company anticipates production to ramp up in the second half of 2022, improving overall financial performance with a cash balance of $8.8 million.

Americas Gold and Silver Corporation (USAS) announced the election of directors during its annual and special shareholders meeting on June 29, 2022. Christine Carson joins the Board, bringing over 20 years of corporate governance experience. Key resolutions, including the number of directors and appointment of auditors, were approved. A total of 75,271,089 shares were voted, representing 41.69% of total shares. The company's ongoing operations include the Relief Canyon mine in Nevada and Cosalá Operations in Mexico.

Americas Gold and Silver Corporation (NYSE American: USAS) announced positive exploration updates from its Galena Complex. The Phase II drilling program completed approximately 19,000 meters, focusing on deeper exploration and resource upgrades. Significant drilling results include high-grade intersections, such as 7,501 g/t silver over 1.7 m. The company anticipates an updated resource estimate by late Q3-2022 and forecasts silver production exceeding 2.5 million ounces annually starting 2023. A five-year strategy aims to double the current silver resource, enhancing production capacity significantly.

Americas Gold and Silver Corporation (USAS) reported a strong Q1-2022 with revenues of $26.4 million and a reduced net loss of $0.3 million, marking a $16 million revenue increase and a $91.5 million decrease in net loss compared to Q1-2021. The company generated $8.5 million in net income from its Cosalá Operations and Galena Complex. Cash flow from operations rose by $13.6 million, and the cash balance grew to $7.1 million. Production estimates for 2022 remain steady at 1.4 to 1.8 million ounces of silver.

Americas Gold and Silver Corporation (NYSE American: USAS) reported strong production results for Q1-2022. Highlights include a 45% increase in silver production, totaling approximately 300,000 ounces, and an 80% increase in silver equivalent production, reaching 1,274,000 ounces. Cash cost per silver ounce was negative $9.55, with all-in sustaining costs at $0.42. The company anticipates further increases in production in H2-2022 as operations ramp up. As of March 31, 2022, cash and cash equivalents rose to $7.1 million, improving the balance sheet significantly.

Americas Gold and Silver Corporation (USAS) reported its financial results for the year ending December 31, 2021. Total revenue reached $44.8 million, while the company faced a net loss of $160.6 million, primarily due to impairment charges and write-downs associated with the Relief Canyon project. Despite challenges, the company rebounded with improved production at its Cosalá Operations, which resumed in Q4-2021. Looking forward, silver equivalent production is projected to increase by approximately 240% in 2022 and 375% by 2024 as operations ramp up.

Americas Gold and Silver Corporation (NYSE American: USAS) announced significant silver production and financial guidance for 2022, along with production outlooks for 2023 and 2024. Silver production is expected to increase from approximately 670,000 ounces in 2021 to between 4.8 and 5.2 million ounces in 2022, marking a 240% increase. Further growth is anticipated, reaching 7.0 to 7.4 million ounces in 2024. The guidance reflects improved operations following the resolution of prior blockades and anticipated enhancements from the Galena Hoist project.