Welcome to our dedicated page for Americas Gold And Silver news (Ticker: USAS), a resource for investors and traders seeking the latest updates and insights on Americas Gold And Silver stock.
Americas Gold and Silver Corporation (USAS) generates frequent news as a North American precious metals and critical metals producer with operating mines in the United States and Mexico. Company announcements cover production results, mine development, acquisitions and technical milestones across its key assets, including the Galena Complex in Idaho’s Silver Valley, the Cosalá Operations in Sinaloa, Mexico, and the Crescent Silver Mine in Idaho.
Investors following USAS news can expect detailed quarterly production and financial updates, where the company reports consolidated silver output, by-product metals such as copper, antimony and lead, and commentary on operating costs and capital investments. These releases often highlight operational improvements, such as increased hoisting capacity at Galena’s No. 3 Shaft, transitions into higher-grade zones like the EC120 Project at Cosalá, and the impact of new mining equipment and development work.
News flow also includes exploration results and technical developments. At Galena, the company has reported high-grade drill intercepts from veins such as the 149 Vein, as well as metallurgical breakthroughs demonstrating over 99% antimony extraction from copper concentrates. These updates provide context on resource potential, ore characteristics and the company’s efforts to unlock additional value from tetrahedrite ore.
Corporate and strategic news items cover transactions and growth initiatives, including the acquisition of the fully permitted, past-producing Crescent Silver Mine, the earlier move to 100% ownership of the Galena Complex, share consolidation actions and financing activities. Releases also describe engagement with the U.S. Government on antimony processing initiatives and the company’s positioning as the only producing antimony mine in the United States.
By reviewing the USAS news page, readers can track how Americas Gold and Silver executes its strategy to increase silver production, expand antimony output and optimize its North American asset base. Regular updates provide insight into operational progress, technical work, regulatory filings furnished on Form 6-K and the evolution of its multi-asset mining platform.
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Americas Gold and Silver Corporation (NYSE American: USAS) reported its Q1-2023 production results, highlighting a notable 66% increase in consolidated attributable silver production to approximately 0.5 million ounces year-over-year. However, this growth was tempered by a two-and-a-half-week shutdown of the Cosalá Operations tailings facility in February, which led to an 8% dip in silver equivalent production to 1.2 million ounces. The company maintains its 2023 production guidance of 5.5 to 6.0 million ounces of silver equivalent and 2.2 to 2.6 million ounces of silver. Despite a tragic incident resulting in a fatality on April 11, 2023, operations at the Galena Complex resumed. The company anticipates further production increases through 2024 as it accesses higher-grade silver zones.
Americas Gold and Silver Corporation (NYSE American: USAS) reported a tragic incident at its Galena Complex on April 11, 2023, resulting in the death of an employee due to falling ground. As a consequence, operations have been suspended while an investigation is ongoing, in collaboration with the Mine Safety and Health Administration and local authorities. President and CEO Darren Blasutti expressed sadness over the loss, emphasizing support for affected individuals and a commitment to understanding the incident to prevent future occurrences. Americas Gold and Silver operates multiple precious metal assets in North America, including the Cosalá Operations in Mexico and the Galena Complex in Idaho. The company continues to assess future mining operations while addressing inherent risks in the mining industry.
Americas Gold and Silver Corporation (TSX: USA, NYSE American: USAS) has provided a significant update on its Galena Complex Joint Venture. Recent drilling in the Caladay Zone and 360 Complex has yielded promising results, indicating the potential for resource expansion. Notably, Hole 49-626 reported 650 g/t silver and 11% lead over 7.7 m, while Hole 46-324 showed 299 g/t silver and 12% lead over 7.3 m. The Galena Hoist project is on track for completion in Q2-2023, which is expected to enhance production capacity. Americas anticipates reporting Q1-2023 production results soon, highlighting a strong start to the year.
Americas Gold and Silver Corporation (USAS) reported its financial and operational results for 2022, marking a significant year for the company. Revenue increased by $40 million to $85 million, but the company faced a net loss of $45.2 million, improving from a $115.4 million loss in 2021. Adjusted net loss also decreased to $27.7 million. The company produced approximately 5.3 million ounces of silver equivalent, exceeding guidance. Cash costs per ounce of silver produced were $0.77, lower than expected. For 2023, production is projected to increase by over 80%, with guidance remaining at 2.2-2.6 million silver ounces. The Cosalá Operations saw a recovery in production after previous disruptions.
Americas Gold and Silver Corporation (USAS) announced its 2023 production guidance and 2024 outlook, estimating a significant increase in silver production. The company projects attributable silver equivalent production between 5.5 to 6.0 million ounces in 2023, up from 5.3 million in 2022, with a further rise to 6.5 to 7.0 million in 2024. Silver production for 2023 is expected to be between 2.2 to 2.6 million ounces, a year-over-year increase of over 80%. Factors contributing to this growth include mining higher-grade silver zones and completing the Galena Hoist project. 2023 cash costs per silver ounce are forecasted to be higher, between $8.00 and $9.00.
Americas Gold and Silver Corporation (USAS) released its 2022 production results, reporting an estimated 5.3 million ounces of silver equivalent, exceeding guidance of 4.8 - 5.2 million ounces. Silver production was slightly below expectations at 1.3 million ounces, due to prioritizing base metals in the Cosalá Operations. The Galena Hoist project is progressing, with full operations expected in Q2-2023, which will enhance production capabilities. Year-over-year, silver production increased by 96%, zinc by 844%, and lead by 91%.
Americas Gold and Silver Corporation (USAS) reported Q3-2022 results with revenue of $18.3 million and a net loss of $24.6 million, including a $13.4 million impairment charge on Relief Canyon. Silver production was strong, totaling 331,000 ounces, a 92% increase year-over-year. The Company anticipates Q4-2022 to be its best quarter for silver production, driven by higher grades at San Rafael and Galena. The Galena Hoist project is on schedule for commissioning in December 2022, expected to significantly enhance production capacity moving forward.
Americas Gold and Silver Corporation (USAS) reported strong Q3-2022 production results with approximately 331,000 silver ounces and 1,339,000 silver equivalent ounces, reflecting a 92% year-over-year increase in silver production. The company anticipates increased production in Q4-2022 due to ramp-up in higher-grade deposits. Cash costs per silver ounce stood at $10.01, while all-in sustaining costs were $18.66. The Galena Hoist project is on track for completion by December 2022, with a projected capital cost increase of $2.2 million.
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.