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.
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.
Americas Gold and Silver Corporation (NYSE American: USAS) held an official opening ceremony for the Cosalá Operations on January 21, 2022. Key government officials expressed their support for the mine's reopening, following an illegal blockade that lasted 19 months. The company aims to maximize near-term cash flow by mining high-grade zinc areas, with plans to significantly increase silver production to over 2.5 million ounces annually. The current production levels are on target with positive metal prices expected to generate substantial free cash flow.
Americas Gold and Silver Corporation (NYSE American: USAS) reported a December production update for its Cosalá Operations following a re-opening in Q4-2021. Key highlights include the milling of approximately 47,000 ore tonnes with an average grade of 54 g/t silver, resulting in about 46,000 ounces of silver produced. The company achieved free cash flow during the ramp-up period, aiming to maximize near-term cash flow by targeting high-grade zinc areas. Expectations for 2022 include increased silver production over 2.5 million ounces annually.