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.
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
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.
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