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 reports developments from its North American mining operations, where it produces silver, copper, lead and antimony in the United States and Mexico. Recurring updates cover operating and financial results, silver production and concentrate sales, metal by-product output, safety milestones, and conference-call notices tied to quarterly and annual reporting.
Company news also centers on exploration and mine-development activity at the Galena Complex in Idaho and the Cosalá Operations in Mexico, including high-grade silver-copper-antimony and silver-lead vein discoveries, drilling programs, mineral resource and reserve updates, and infrastructure work around existing mine workings. Coverage may also include capital-structure and market-index developments for USAS shares.
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.
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.