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Americas Gold and Silver Corporation - USAS STOCK NEWS

Welcome to our dedicated page for Americas Gold and Silver Corporation news (Ticker: USAS), a resource for investors and traders seeking the latest updates and insights on Americas Gold and Silver Corporation stock.

Americas Gold and Silver Corporation (symbol: USAS) is a premier Canadian-based junior silver and gold producer with a robust presence in the Americas. The company specializes in the acquisition, exploration, development, and production of precious metals, operating primarily in Mexico and the United States. Their key operating assets include The Cosala Operations in Mexico, The Galena Complex in Idaho, and the Relief Canyon Mine in Nevada. Additionally, the company has sizeable interests in the San Felipe Development Project situated in Sonora, Mexico.

In 2017, Americas Gold and Silver was poised to achieve a silver production target ranging from 2.0 to 2.5 million ounces and silver equivalent production between 5.0 to 5.5 million ounces. They aimed to maintain competitive silver cash costs at approximately US$5.00 per ounce and all-in sustaining costs around US$10.00 per ounce. With the successful transition to full production at the San Rafael Mine, the company projected its position as one of the lowest-cost silver producers globally by 2018.

Americas Gold and Silver's strategic focus in the Western Hemisphere and commitment to operational efficiency have established it as a significant player in the mining sector. The company continues to leverage its strong operating platform and diversified asset base to drive growth and shareholder value. Recent achievements include significant advancements at their key projects, bolstering production capabilities and enhancing their financial condition through sound management and strategic partnerships.

Latest News:

  • Expansion of the Relief Canyon Mine operations, improving production efficiency and output.
  • Successful resource exploration at The Galena Complex, revealing higher-than-expected mineral reserves.
  • Ongoing development and future projections for the San Felipe Project in Sonora, Mexico.

Investors and stakeholders can expect continued growth and operational excellence from Americas Gold and Silver Corporation, reinforcing its robust position in the precious metals market.

Rhea-AI Summary
Americas Gold and Silver (USAS) reports financial results for the year ended December 31, 2023, with revenue increasing to $89.6 million, a net loss of $38.2 million, and consolidated attributable silver production up by 56%. The Company is in negotiation for concentrate prepayment financing and closed equity offerings for working capital. Silver production grew significantly in 2023, with plans for further growth in 2024 and 2025. Cosalá Operations and Galena Complex both saw production increases and cost changes, with positive results from exploration drilling at the Galena Complex.
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Americas Gold and Silver (USAS) successfully closed an offering, raising $7.8 million through the sale of 21,667,000 Units at $0.30 per Unit. The Company also issued additional Units through private placements, totaling 25,000,000 Units. The net proceeds will be used for operational needs and expanding silver-copper ore production at its U.S. and Mexico operations.
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Americas Gold and Silver provides an update on Galena Complex exploration results, showcasing high-grade silver and copper intercepts. Hole 49-703 returns remarkable grades, indicating potential for increased ore production. The Company's successful drilling program aims to exploit new mineral resources and enhance silver production.
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Americas Gold and Silver Corporation reported a 56% increase in consolidated attributable silver production in 2023 compared to 2022. Despite falling 7% below its original silver guidance for the year, Q4-2023 was the Company's strongest production quarter, with a 50% increase in silver production. The Company is making significant progress with interested metal traders to provide concentrate prepayment financing for the capital requirements at its 100%-owned El Cajón and Zone 120 silver-copper project, with the goal to be producing higher-grade silver-copper concentrates by the end of 2024. The Galena Complex exploration program continues to generate impressive results, with high-grade silver intercepts expected to add mineable resources that could be additive to planned 2024 silver production totals.
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Americas Gold and Silver Corporation (USA) Reports Q3-2023 Financial and Operational Results with Revenue of $18.3 million, a net loss of $10.5 million, and 17% increase in silver production. The Company expects to meet the lower end of its full year silver production targets. Darren Dell resigned from his role as COO. Galena Complex and Cosalá Operations both experienced production challenges and cost impacts during the quarter.
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Americas Gold and Silver Corporation reports Q3-2023 production results, with consolidated attributable silver production increasing by 17% compared to Q3-2022. However, consolidated attributable silver equivalent production decreased by 26% due to higher silver prices and lower zinc prices. Production was negatively impacted by electrical shutdowns and mill outages. The company expects an increase in silver production in the near term.
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Americas Gold and Silver Corporation reports Q2-2023 production results, with consolidated attributable silver production increasing by 92% YoY and 15% QoQ. Consolidated attributable silver equivalent production was approximately 1.3 million ounces. Production guidance for 2023 remains unchanged.
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FAQ

What is the current stock price of Americas Gold and Silver Corporation (USAS)?

The current stock price of Americas Gold and Silver Corporation (USAS) is $0.3965 as of November 15, 2024.

What is the market cap of Americas Gold and Silver Corporation (USAS)?

The market cap of Americas Gold and Silver Corporation (USAS) is approximately 101.5M.

What is Americas Gold and Silver Corporation?

Americas Gold and Silver Corporation is a Canadian-based junior silver and gold producer engaged in the acquisition, exploration, development, and production of precious metals in Mexico and the United States.

What are the primary operating assets of Americas Gold and Silver?

The primary operating assets are The Cosala Operations, The Galena Complex, and the Relief Canyon Mine.

Where are Americas Gold and Silver's operations located?

The company's operations are located in Mexico and the United States.

What is the projected silver production for Americas Gold and Silver?

The company projected a silver production range of 2.0 to 2.5 million ounces and silver equivalent production between 5.0 to 5.5 million ounces in 2017.

What are the cost targets for their silver production?

Americas Gold and Silver aims to maintain silver cash costs at approximately US$5.00 per ounce and all-in sustaining costs around US$10.00 per ounce.

What recent achievements has Americas Gold and Silver made?

Recent achievements include the full production transition at the San Rafael Mine, expansion of the Relief Canyon Mine, and successful resource exploration at The Galena Complex.

What is the San Felipe Development Project?

The San Felipe Development Project is located in Sonora, Mexico and is one of the key interests of Americas Gold and Silver, focusing on resource development.

How does Americas Gold and Silver Corporation ensure growth?

The company ensures growth through strategic project developments, maintaining low production costs, and leveraging a diversified asset base.

What geographic areas does Americas Gold and Silver focus on?

Their geographic focus is primarily in the Western Hemisphere, particularly in the United States and Mexico.

How can investors benefit from Americas Gold and Silver Corporation?

Investors can benefit from the company's robust production capabilities, strategic advancements, and strong position in the precious metals market, which are aimed to drive growth and shareholder value.

Americas Gold and Silver Corporation

NYSE:USAS

USAS Rankings

USAS Stock Data

101.50M
278.43M
0.82%
18.25%
0.46%
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