Americas Gold and Silver Corporation rises amid strong silver market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2024
0mins
Should l Buy USAS?
Source: Business Insider
Americas Gold and Silver Corporation's stock increased by 16.25% as it crossed above the 5-day SMA, reflecting positive momentum in the silver market.
The rise in stock price is attributed to the overall strength in the silver market, particularly following Nord Precious Metals' recent exploration results that highlighted significant silver grades and a favorable market outlook. This news has contributed to heightened investor interest in silver-related stocks, including Americas Gold and Silver Corporation.
As silver prices remain robust, the company is likely to benefit from increased investor confidence and potential future resource developments.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy USAS?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on USAS
Wall Street analysts forecast USAS stock price to fall
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 6.380
Low
4.90
Averages
5.91
High
6.84
Current: 6.380
Low
4.90
Averages
5.91
High
6.84
About USAS
Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. It owns and operates the Galena Complex, Cosala Operations, and the Relief Canyon mine. It also owns the San Felipe development project in Sonora, Mexico. The 100% owned Galena Complex is located in Idaho's Silver Valley. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover over 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico. It also owns Crescent Silver Mine, which is located over four miles southeast of Kellogg, Idaho, and consists of 10 acres of surface rights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Silver Supply Shortage Persists, GoldHaven Resources Upsizes Financing
- Silver Supply Shortage: According to the latest report from the Silver Institute, 762 million ounces have been drawn from global stockpiles since 2021, marking six years of structural supply deficit, which could drive prices up to $309 per ounce as demand surges.
- Financing Upsize: GoldHaven Resources announced an increase in its non-brokered financing to $1.2 million due to strong investor demand, with the additional capital set to bolster its fully funded exploration program at the Magno Project in British Columbia, enhancing its competitiveness in critical metals.
- Project Potential: The Magno project spans over 37,200 hectares and includes silver, tungsten, lead, zinc, and indium mineralization; GoldHaven has submitted its drill permit application and plans to initiate its first drilling program once funding is secured, aiming to validate the potential of a multi-phase mineral system.
- Strategic Investment: With tungsten classified as a critical mineral, both the Canadian and U.S. governments are prioritizing its strategic importance, and GoldHaven's exploration activities align with national security needs, potentially attracting further investment and enhancing the company's position in the global mining market.
See More
Nord Precious Metals Reports New Silver Exploration Results
- Silver Exploration Results: Nord Precious Metals reported assay results from hole CS-26-129W2 at the Castle East project, revealing 2,343.70 g/t silver (68.4 oz/ton) over 1.85 meters, including a remarkable 9,510 g/t silver (277.6 oz/ton) over 0.30 meters, indicating significant potential for future resource assessments and production plans in the region.
- Drilling Program Initiation: The company has commenced a fully funded 5,000-meter drilling phase, continuing its broader 30,000-meter program aimed at confirming and expanding silver resources in the Castle-Gowganda area, thereby enhancing its competitive position in the market.
- New Mineralized Intercept: A new mineralized intercept was identified in hole CS-21-73W1, showcasing the presence of native silver and cobalt arsenide, which extends the known mineralization footprint at Castle East, with pending assays expected to provide critical data for resource updates.
- Market Context Analysis: With silver trading near $78 per ounce and an anticipated supply deficit of 46.3 million ounces by 2026, Nord's high-grade silver discovery positions the company favorably in an increasingly tight market, driving future growth potential.
See More
Gold Exploration Budgets Rise 11% to $6.2 Billion
- Exploration Budget Increase: Global gold exploration budgets rose by 11% to $6.2 billion in 2025, now accounting for 50% of total spending, indicating sustained market interest despite most funds being directed towards drilling existing mines rather than discovering new deposits.
- Silver Supply Deficit: A projected supply deficit of 67 million ounces of silver in 2026 highlights its classification as a strategically critical metal by governments, suggesting ongoing strong demand in a tightening resource landscape.
- Technological Advancements: GoldHaven Resources is set to conduct a 1,741-kilometer high-resolution magnetic survey at its Magno Project in partnership with Dias Airborne Limited, starting in June 2026, aimed at enhancing the identification of drilling targets across mineralized systems.
- Diversified Exploration Strategy: GoldHaven's completion of its first drilling program at the Copeçal Gold Project in Brazil confirms gold and copper anomalies, showcasing the strategic advantage of conducting simultaneous explorations across multiple jurisdictions to increase discovery probabilities.
See More
Americas Gold and Silver Reports Record Q1 Silver Production
- Record Silver Production: Americas Gold and Silver reported a 76% year-over-year surge in Q1 silver production, reaching a record 787K ounces, while sales also hit a historic high of 830K ounces, indicating significant growth amid strong market demand.
- Lead and Copper Output: The consolidated Q1 production of lead totaled 2 million pounds, with copper output at 967K pounds, reflecting the company's stability in multi-metal production and enhancing its competitive position in the resource market.
- Upgrade Progress: The company stated that Phase 2 upgrades to the No. 3 shaft are on schedule for completion during a planned two-week shutdown this quarter, with increased hoisting speeds expected to reach approximately 105 short tons per hour, significantly boosting ore handling capacity.
- Operational Efficiency Gains: This upgrade will support the transition to long hole stoping at the Galena mine, expected to further enhance tonnage and improve overall operational efficiency and future production potential.
See More
China's Record Silver Purchases Propel GoldHaven Resources Opportunities
- Silver Market Tightness: China has purchased more silver in two months than in the past eight years, leading to a global inventory decline and marking the sixth consecutive year of supply deficits, which is expected to push silver prices to $81 per ounce, more than double last year's average, attracting investor interest in mining companies.
- GoldHaven Project Progress: GoldHaven Resources has submitted a drill permit application for its 2026 program targeting high-grade silver-lead-zinc zones at the Magno Project in British Columbia, with surface samples showing silver concentrations as high as 2,370 grams per tonne, further validating the area's mineral potential.
- Critical Minerals Strategy: With the U.S. rolling out a $12 billion strategic reserve plan to stockpile tungsten, antimony, and other critical minerals, GoldHaven's polymetallic deposits are becoming a focal point for investment, especially in stable jurisdictions, expected to benefit from a structural realignment in global mineral resources.
- Financing and Expansion Plans: GoldHaven is conducting a $1.72 million flow-through financing to support its 2026 exploration efforts while completing its first diamond drilling program at the Copeçal Gold Project in Brazil, confirming gold and copper anomalies, showcasing the company's active exploration capabilities across multiple projects.
See More
Americas Gold and Silver Shares Rise 7.8% on Outperform Rating from BMO
- Rating Upgrade: BMO Capital initiated coverage on Americas Gold and Silver (USAS) with an Outperform rating and a C$10 price target, resulting in a 7.8% increase in share price during Wednesday's trading, reflecting market optimism about the company's future performance.
- Production Growth Forecast: Company management is guiding for silver production of 3.2M to 3.6M ounces in FY 2026, representing approximately 30% year-over-year growth, which is expected to significantly enhance the company's cash flow generation capabilities and strengthen its market competitiveness.
- Cost Control Targets: Americas Gold and Silver has set an all-in sustaining cost target of $30 to $35 per ounce, and with production growth, this is anticipated to further improve the company's profitability and financial health.
- Management Team Advantage: With the addition of Paul Huet and his experienced management team, BMO analysts believe the company's optimization strategy at the Galena operation will be effectively executed, facilitating the company's transition towards sustained output.
See More
Silver Supply Shortage Persists, GoldHaven Resources Upsizes Financing
- Silver Supply Shortage: According to the latest report from the Silver Institute, 762 million ounces have been drawn from global stockpiles since 2021, marking six years of structural supply deficit, which could drive prices up to $309 per ounce as demand surges.
- Financing Upsize: GoldHaven Resources announced an increase in its non-brokered financing to $1.2 million due to strong investor demand, with the additional capital set to bolster its fully funded exploration program at the Magno Project in British Columbia, enhancing its competitiveness in critical metals.
- Project Potential: The Magno project spans over 37,200 hectares and includes silver, tungsten, lead, zinc, and indium mineralization; GoldHaven has submitted its drill permit application and plans to initiate its first drilling program once funding is secured, aiming to validate the potential of a multi-phase mineral system.
- Strategic Investment: With tungsten classified as a critical mineral, both the Canadian and U.S. governments are prioritizing its strategic importance, and GoldHaven's exploration activities align with national security needs, potentially attracting further investment and enhancing the company's position in the global mining market.
See More
Nord Precious Metals Reports New Silver Exploration Results
- Silver Exploration Results: Nord Precious Metals reported assay results from hole CS-26-129W2 at the Castle East project, revealing 2,343.70 g/t silver (68.4 oz/ton) over 1.85 meters, including a remarkable 9,510 g/t silver (277.6 oz/ton) over 0.30 meters, indicating significant potential for future resource assessments and production plans in the region.
- Drilling Program Initiation: The company has commenced a fully funded 5,000-meter drilling phase, continuing its broader 30,000-meter program aimed at confirming and expanding silver resources in the Castle-Gowganda area, thereby enhancing its competitive position in the market.
- New Mineralized Intercept: A new mineralized intercept was identified in hole CS-21-73W1, showcasing the presence of native silver and cobalt arsenide, which extends the known mineralization footprint at Castle East, with pending assays expected to provide critical data for resource updates.
- Market Context Analysis: With silver trading near $78 per ounce and an anticipated supply deficit of 46.3 million ounces by 2026, Nord's high-grade silver discovery positions the company favorably in an increasingly tight market, driving future growth potential.
See More
Gold Exploration Budgets Rise 11% to $6.2 Billion
- Exploration Budget Increase: Global gold exploration budgets rose by 11% to $6.2 billion in 2025, now accounting for 50% of total spending, indicating sustained market interest despite most funds being directed towards drilling existing mines rather than discovering new deposits.
- Silver Supply Deficit: A projected supply deficit of 67 million ounces of silver in 2026 highlights its classification as a strategically critical metal by governments, suggesting ongoing strong demand in a tightening resource landscape.
- Technological Advancements: GoldHaven Resources is set to conduct a 1,741-kilometer high-resolution magnetic survey at its Magno Project in partnership with Dias Airborne Limited, starting in June 2026, aimed at enhancing the identification of drilling targets across mineralized systems.
- Diversified Exploration Strategy: GoldHaven's completion of its first drilling program at the Copeçal Gold Project in Brazil confirms gold and copper anomalies, showcasing the strategic advantage of conducting simultaneous explorations across multiple jurisdictions to increase discovery probabilities.
See More
Americas Gold and Silver Reports Record Q1 Silver Production
- Record Silver Production: Americas Gold and Silver reported a 76% year-over-year surge in Q1 silver production, reaching a record 787K ounces, while sales also hit a historic high of 830K ounces, indicating significant growth amid strong market demand.
- Lead and Copper Output: The consolidated Q1 production of lead totaled 2 million pounds, with copper output at 967K pounds, reflecting the company's stability in multi-metal production and enhancing its competitive position in the resource market.
- Upgrade Progress: The company stated that Phase 2 upgrades to the No. 3 shaft are on schedule for completion during a planned two-week shutdown this quarter, with increased hoisting speeds expected to reach approximately 105 short tons per hour, significantly boosting ore handling capacity.
- Operational Efficiency Gains: This upgrade will support the transition to long hole stoping at the Galena mine, expected to further enhance tonnage and improve overall operational efficiency and future production potential.
See More
China's Record Silver Purchases Propel GoldHaven Resources Opportunities
- Silver Market Tightness: China has purchased more silver in two months than in the past eight years, leading to a global inventory decline and marking the sixth consecutive year of supply deficits, which is expected to push silver prices to $81 per ounce, more than double last year's average, attracting investor interest in mining companies.
- GoldHaven Project Progress: GoldHaven Resources has submitted a drill permit application for its 2026 program targeting high-grade silver-lead-zinc zones at the Magno Project in British Columbia, with surface samples showing silver concentrations as high as 2,370 grams per tonne, further validating the area's mineral potential.
- Critical Minerals Strategy: With the U.S. rolling out a $12 billion strategic reserve plan to stockpile tungsten, antimony, and other critical minerals, GoldHaven's polymetallic deposits are becoming a focal point for investment, especially in stable jurisdictions, expected to benefit from a structural realignment in global mineral resources.
- Financing and Expansion Plans: GoldHaven is conducting a $1.72 million flow-through financing to support its 2026 exploration efforts while completing its first diamond drilling program at the Copeçal Gold Project in Brazil, confirming gold and copper anomalies, showcasing the company's active exploration capabilities across multiple projects.
See More
Americas Gold and Silver Shares Rise 7.8% on Outperform Rating from BMO
- Rating Upgrade: BMO Capital initiated coverage on Americas Gold and Silver (USAS) with an Outperform rating and a C$10 price target, resulting in a 7.8% increase in share price during Wednesday's trading, reflecting market optimism about the company's future performance.
- Production Growth Forecast: Company management is guiding for silver production of 3.2M to 3.6M ounces in FY 2026, representing approximately 30% year-over-year growth, which is expected to significantly enhance the company's cash flow generation capabilities and strengthen its market competitiveness.
- Cost Control Targets: Americas Gold and Silver has set an all-in sustaining cost target of $30 to $35 per ounce, and with production growth, this is anticipated to further improve the company's profitability and financial health.
- Management Team Advantage: With the addition of Paul Huet and his experienced management team, BMO analysts believe the company's optimization strategy at the Galena operation will be effectively executed, facilitating the company's transition towards sustained output.
See More
