Americas Gold and Silver Corporation rises on technical breakout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
0mins
Should l Buy USAS?
Source: Newsfilter
Americas Gold and Silver Corporation's stock price increased by 12.20% as it crossed above its 5-day SMA, indicating a bullish trend.
The rise in stock price is attributed to broad market strength, with the Nasdaq-100 up 0.91% and the S&P 500 up 0.55%, contributing to positive investor sentiment in the sector.
This movement suggests that investors are optimistic about the company's future performance, potentially driven by favorable market conditions.
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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: 7.180
Low
4.90
Averages
5.91
High
6.84
Current: 7.180
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.
U.S. Antimony Corp. Forms Strategic JV with Americas Gold and Silver Corp.
- Joint Venture Structure: U.S. Antimony Corp. and Americas Gold and Silver Corp. have formed a joint venture, with the former holding a 49% stake and the latter 51%, ensuring balanced management and decision-making through equal representation.
- Mineral Processing Profits: The joint venture will establish a hydrometallurgical processing plant in Idaho's Silver Valley to process copper, silver, and antimony mined by Americas, expected to generate downstream profits from previously untapped antimony production, enhancing overall profitability.
- Positive Market Reaction: Following the announcement, U.S. Antimony's stock rose by 5%, becoming the top-trending equity on Stocktwits, indicating optimistic market sentiment, with investors viewing it as a long-term investment opportunity.
- National Mineral Strategy: The establishment of this joint venture aims to strengthen domestic critical mineral production, reduce processing costs, and provide a complete mine-to-product solution for antimony, aligning with national needs in defense and industrial applications.
See More
U.S. Antimony Forms Joint Venture for Antimony Processing Plant
- Joint Venture Formation: United States Antimony (UAMY) has formed a joint venture with Americas Gold and Silver (USAS) to construct and operate an antimony processing plant in Idaho's Silver Valley, with USAS holding 51% and UAMY 49%, aiming to provide a mine-to-finished production solution for this critical mineral in the U.S.
- Supply Chain Security: The joint venture will secure antimony feed material from the Galena complex, with priority given to USAS's mined material, thereby enhancing the security of the U.S. supply chain for this essential mineral.
- Technical and Market Support: UAMY will leverage its expertise in constructing and operating such facilities and provide the joint venture access to its antimony marketing network, including connections with the U.S. government, which will bolster the venture's market competitiveness.
- Permit Progress: The site for the new hydromet facility in Idaho has obtained all necessary primary permits, except for construction permits, ensuring smooth project advancement and future production capacity.
See More
Americas Gold and Silver Corp. (USAS) Soars 43.36% to New 52-Week High
- Stock Surge: Americas Gold and Silver Corporation (USAS) surged 43.36% last week, reaching a new 52-week high, reflecting strong investor interest in mining stocks amid rising precious metal prices.
- Daily Performance: On Friday, USAS hit a peak price of $9.41 before closing at $9.29, up 9.55% from the previous day, indicating optimistic market expectations for its future performance.
- Silver Price Rally: With spot silver prices exceeding $103 and gold nearing $4,988—just $12 shy of $5,000—the overall rise in mining stocks has been significantly boosted.
- Production Milestone: In 2025, Americas Gold and Silver achieved a record silver production of 2.65 million ounces, a 52% increase, with its Cosala operations alone producing 1.19 million ounces, showcasing the company's robust production capabilities in a rising silver price environment.
See More
RUA GOLD Inc. Accelerates Development of New Zealand Gold-Antimony Project Targeting 300,000 Ounces Resource
- Accelerated Resource Development: RUA GOLD's latest drilling results at the Auld Creek project in New Zealand's Reefton Goldfield show 3.0m @ 21.27 g/t AuEq, successfully extending the deposit strike length by 250 meters to a total of 870 meters, with expectations to increase the resource to over 300,000 ounces, significantly enhancing the company's competitiveness in the global antimony market.
- Legislative Support: The company plans to leverage New Zealand's FAST TRACK legislation to expedite production permits for the Auld Creek project, aiming for approval within six months, which provides RUA GOLD with a strategic advantage in the global critical minerals supply chain.
- Strong Financial Position: With $14 million in cash on hand and a leadership team behind $11 billion in prior exits, RUA GOLD is well-positioned to ensure financial stability in resource development and market competition, effectively navigating market fluctuations.
- Optimistic Market Outlook: As global gold prices are projected to reach $5,055 per ounce by Q4 2026, RUA GOLD's projects will benefit from capital inflows into efficient platforms, driving the company's long-term growth potential in the gold and antimony sectors.
See More
Bright Minds Biosciences Launches $100 Million Public Offering
- Public Offering Impact: Bright Minds Biosciences Inc's announcement of a $100 million public offering led to a 2.3% drop in its pre-market share price to $91.03, reflecting market concerns over the new issuance and potentially impacting the company's short-term financing capabilities.
- Market Reaction: Following the public offering news, Bright Minds' stock price decline indicates cautious investor sentiment regarding the company's future prospects, which may lead to increased financing costs.
- Industry Dynamics: This offering has drawn attention within the biotech sector, particularly as investor acceptance of new issues diminishes in the current market environment, potentially affecting financing plans for other biotech firms.
- Competitive Pressure: The decline in Bright Minds' stock price coincides with fluctuations in shares of other companies like Cohen & Company and Gloo Holdings, highlighting overall market uncertainty in the biotech sector, which could undermine investor confidence across the industry.
See More
Sprott Silver Miners ETF Declines 2.3% with Americas Gold and Vizsla Silver Underperforming
- ETF Performance Decline: The Sprott Silver Miners & Physical Silver ETF fell approximately 2.3% in Wednesday afternoon trading, reflecting a weak sentiment towards silver mining stocks that could impact investor confidence.
- Individual Stock Weakness: Shares of Americas Gold and Silver dropped about 2.8%, while Vizsla Silver declined by approximately 1.6%, indicating the vulnerability of these companies in the current market environment, potentially leading to capital outflows.
- Market Trend Analysis: The overall decline of the ETF is linked to fluctuations in silver prices and investor risk aversion towards mining stocks, which may influence future investment decisions and capital allocation.
- Investor Focus: As silver mining stocks continue to struggle, investors may need to reassess their allocations within precious metal portfolios to mitigate potential market risks.
See More
U.S. Antimony Corp. Forms Strategic JV with Americas Gold and Silver Corp.
- Joint Venture Structure: U.S. Antimony Corp. and Americas Gold and Silver Corp. have formed a joint venture, with the former holding a 49% stake and the latter 51%, ensuring balanced management and decision-making through equal representation.
- Mineral Processing Profits: The joint venture will establish a hydrometallurgical processing plant in Idaho's Silver Valley to process copper, silver, and antimony mined by Americas, expected to generate downstream profits from previously untapped antimony production, enhancing overall profitability.
- Positive Market Reaction: Following the announcement, U.S. Antimony's stock rose by 5%, becoming the top-trending equity on Stocktwits, indicating optimistic market sentiment, with investors viewing it as a long-term investment opportunity.
- National Mineral Strategy: The establishment of this joint venture aims to strengthen domestic critical mineral production, reduce processing costs, and provide a complete mine-to-product solution for antimony, aligning with national needs in defense and industrial applications.
See More
U.S. Antimony Forms Joint Venture for Antimony Processing Plant
- Joint Venture Formation: United States Antimony (UAMY) has formed a joint venture with Americas Gold and Silver (USAS) to construct and operate an antimony processing plant in Idaho's Silver Valley, with USAS holding 51% and UAMY 49%, aiming to provide a mine-to-finished production solution for this critical mineral in the U.S.
- Supply Chain Security: The joint venture will secure antimony feed material from the Galena complex, with priority given to USAS's mined material, thereby enhancing the security of the U.S. supply chain for this essential mineral.
- Technical and Market Support: UAMY will leverage its expertise in constructing and operating such facilities and provide the joint venture access to its antimony marketing network, including connections with the U.S. government, which will bolster the venture's market competitiveness.
- Permit Progress: The site for the new hydromet facility in Idaho has obtained all necessary primary permits, except for construction permits, ensuring smooth project advancement and future production capacity.
See More
Americas Gold and Silver Corp. (USAS) Soars 43.36% to New 52-Week High
- Stock Surge: Americas Gold and Silver Corporation (USAS) surged 43.36% last week, reaching a new 52-week high, reflecting strong investor interest in mining stocks amid rising precious metal prices.
- Daily Performance: On Friday, USAS hit a peak price of $9.41 before closing at $9.29, up 9.55% from the previous day, indicating optimistic market expectations for its future performance.
- Silver Price Rally: With spot silver prices exceeding $103 and gold nearing $4,988—just $12 shy of $5,000—the overall rise in mining stocks has been significantly boosted.
- Production Milestone: In 2025, Americas Gold and Silver achieved a record silver production of 2.65 million ounces, a 52% increase, with its Cosala operations alone producing 1.19 million ounces, showcasing the company's robust production capabilities in a rising silver price environment.
See More
RUA GOLD Inc. Accelerates Development of New Zealand Gold-Antimony Project Targeting 300,000 Ounces Resource
- Accelerated Resource Development: RUA GOLD's latest drilling results at the Auld Creek project in New Zealand's Reefton Goldfield show 3.0m @ 21.27 g/t AuEq, successfully extending the deposit strike length by 250 meters to a total of 870 meters, with expectations to increase the resource to over 300,000 ounces, significantly enhancing the company's competitiveness in the global antimony market.
- Legislative Support: The company plans to leverage New Zealand's FAST TRACK legislation to expedite production permits for the Auld Creek project, aiming for approval within six months, which provides RUA GOLD with a strategic advantage in the global critical minerals supply chain.
- Strong Financial Position: With $14 million in cash on hand and a leadership team behind $11 billion in prior exits, RUA GOLD is well-positioned to ensure financial stability in resource development and market competition, effectively navigating market fluctuations.
- Optimistic Market Outlook: As global gold prices are projected to reach $5,055 per ounce by Q4 2026, RUA GOLD's projects will benefit from capital inflows into efficient platforms, driving the company's long-term growth potential in the gold and antimony sectors.
See More
Bright Minds Biosciences Launches $100 Million Public Offering
- Public Offering Impact: Bright Minds Biosciences Inc's announcement of a $100 million public offering led to a 2.3% drop in its pre-market share price to $91.03, reflecting market concerns over the new issuance and potentially impacting the company's short-term financing capabilities.
- Market Reaction: Following the public offering news, Bright Minds' stock price decline indicates cautious investor sentiment regarding the company's future prospects, which may lead to increased financing costs.
- Industry Dynamics: This offering has drawn attention within the biotech sector, particularly as investor acceptance of new issues diminishes in the current market environment, potentially affecting financing plans for other biotech firms.
- Competitive Pressure: The decline in Bright Minds' stock price coincides with fluctuations in shares of other companies like Cohen & Company and Gloo Holdings, highlighting overall market uncertainty in the biotech sector, which could undermine investor confidence across the industry.
See More
Sprott Silver Miners ETF Declines 2.3% with Americas Gold and Vizsla Silver Underperforming
- ETF Performance Decline: The Sprott Silver Miners & Physical Silver ETF fell approximately 2.3% in Wednesday afternoon trading, reflecting a weak sentiment towards silver mining stocks that could impact investor confidence.
- Individual Stock Weakness: Shares of Americas Gold and Silver dropped about 2.8%, while Vizsla Silver declined by approximately 1.6%, indicating the vulnerability of these companies in the current market environment, potentially leading to capital outflows.
- Market Trend Analysis: The overall decline of the ETF is linked to fluctuations in silver prices and investor risk aversion towards mining stocks, which may influence future investment decisions and capital allocation.
- Investor Focus: As silver mining stocks continue to struggle, investors may need to reassess their allocations within precious metal portfolios to mitigate potential market risks.
See More
