Americas Gold and Silver Reports Earnings Miss and Increased Losses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2025
0mins
Should l Buy USAS?
Source: SeekingAlpha
Americas Gold and Silver Corporation's stock fell by 15.45% as it crossed below the 5-day SMA, reflecting investor concerns following its FY 2025 financial report.
The company reported a non-GAAP EPS of -$0.13, missing expectations by $0.04, and an adjusted EBITDA loss of $4.1 million, significantly higher than the previous year's loss. Despite a 52% increase in silver production, the ongoing challenges in profitability and rising operational costs have raised concerns about future performance.
This disappointing earnings report may lead to a reassessment of the company's growth potential, as investors weigh the implications of increased production against the backdrop of rising costs.
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Analyst Views on USAS
Wall Street analysts forecast USAS stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.590
Low
4.90
Averages
5.91
High
6.84
Current: 5.590
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.
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
Americas Gold And Silver Corp 2025 Financial Report Analysis
- Silver Production Growth: Americas Gold And Silver Corp achieved a 52% increase in attributable silver production in 2025, reaching 2.65 million ounces, demonstrating enhanced production capacity and market demand despite facing high operational costs.
- Safety Culture Strengthening: The Galena team completed a full year without any lost time accidents, highlighting the company's ongoing commitment to safety culture, which not only boosts employee morale but also reduces potential operational risks.
- Infrastructure Upgrades: Significant infrastructure upgrades at Galena, including the installation of a new 2,250-horsepower motor, have increased hoisting capacity by 160%, directly enhancing production efficiency and lowering unit costs, thereby strengthening the company's competitive position.
- Increased Financial Loss: Despite the increase in silver production, Americas Gold And Silver Corp reported a net loss of $87 million in 2025, up from a $49 million loss in 2024, reflecting the pressure of high sustaining costs and capital expenditures on cash flow.
See More
Americas Gold and Silver FY 2025 Financial Report Analysis
- Earnings Miss: Americas Gold and Silver reported a FY 2025 non-GAAP EPS of -$0.13, missing expectations by $0.04, indicating ongoing challenges in profitability that may affect investor confidence.
- Adjusted EBITDA Loss: The adjusted EBITDA loss for 2025 reached $4.1 million ($0.02 per share), significantly higher than the $1.5 million loss ($0.01 per share) in 2024, reflecting rising operational costs and market pressures.
- Silver Production Increase: The company achieved consolidated silver production of approximately 2.65 million ounces in 2025, a 52% increase from 1.7 million ounces in 2024, indicating improved production capacity but necessitating close monitoring of cost control.
- Future Production Guidance: For 2026, the company projects silver production between 3.2 to 3.6 million ounces, with an average all-in sustaining cost of $30 to $35 per ounce, reflecting a cautiously optimistic outlook for future growth while remaining vigilant about cost fluctuations.
See More
Major Earnings Expected Before Monday's Open
- Earnings Release Preview: Major companies such as Fermi (FRMI), Sigma Lithium Corporation (SGML), Rezolve AI PLC (RZLV), and Americas Gold and Silver Corporation (USAS) are set to report earnings before Monday's market open, which could significantly impact market sentiment.
- Oil Sector Insights: PetroChina Company Limited (PCCYF) will also release its earnings on the same day, potentially influencing investor perceptions of the energy market, especially amid fluctuations in global energy demand.
- Additional Earnings Reports: Other companies including CBAT, IMSR, MEDIF, PAVM, and PDSB are also scheduled to report earnings before Monday's open, and market participants should closely monitor these performances to gauge overall market trends.
- Earnings Season Calendar: Seeking Alpha offers a comprehensive earnings season calendar, allowing investors to access more information to better seize market opportunities.
See More
Sprott Silver ETF Underperforms with 5.8% Drop
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF dropped approximately 5.8% in Thursday afternoon trading, indicating a weak market performance that could undermine investor confidence and lead to capital outflows.
- Weak Stock Components: Among the ETF's components, Coeur Mining saw a decline of about 8%, while Americas Gold and Silver fell by approximately 7.3%, reflecting negative sentiment towards these companies in the market.
- Market Implications: The overall decline of the ETF may trigger broader concerns regarding the silver mining sector, prompting investors to reassess their allocations within precious metal portfolios.
- Investor Sentiment: As market volatility increases, investors may adopt a cautious stance towards the future performance of silver mining ETFs, potentially impacting their liquidity and market appeal.
See More
Sprott Silver ETF Underperforms with Notable Declines
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF fell approximately 3.8% in Friday afternoon trading, indicating a weak performance that could undermine investor confidence in silver investments.
- Component Declines: Among the ETF's weakest components, Gold Resource shares dropped about 6.5%, while Americas Gold and Silver shares fell approximately 6.2%, reflecting negative sentiment towards these companies in the market.
- Market Impact: The poor performance of the silver miners ETF may lead investors to reassess their allocations in precious metals, potentially affecting future inflows into the sector.
- Industry Trends: The weakness in silver mining stocks could signal broader challenges in the precious metals market, prompting investors to monitor industry developments closely for more informed investment decisions.
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
Americas Gold And Silver Corp 2025 Financial Report Analysis
- Silver Production Growth: Americas Gold And Silver Corp achieved a 52% increase in attributable silver production in 2025, reaching 2.65 million ounces, demonstrating enhanced production capacity and market demand despite facing high operational costs.
- Safety Culture Strengthening: The Galena team completed a full year without any lost time accidents, highlighting the company's ongoing commitment to safety culture, which not only boosts employee morale but also reduces potential operational risks.
- Infrastructure Upgrades: Significant infrastructure upgrades at Galena, including the installation of a new 2,250-horsepower motor, have increased hoisting capacity by 160%, directly enhancing production efficiency and lowering unit costs, thereby strengthening the company's competitive position.
- Increased Financial Loss: Despite the increase in silver production, Americas Gold And Silver Corp reported a net loss of $87 million in 2025, up from a $49 million loss in 2024, reflecting the pressure of high sustaining costs and capital expenditures on cash flow.
See More
Americas Gold and Silver FY 2025 Financial Report Analysis
- Earnings Miss: Americas Gold and Silver reported a FY 2025 non-GAAP EPS of -$0.13, missing expectations by $0.04, indicating ongoing challenges in profitability that may affect investor confidence.
- Adjusted EBITDA Loss: The adjusted EBITDA loss for 2025 reached $4.1 million ($0.02 per share), significantly higher than the $1.5 million loss ($0.01 per share) in 2024, reflecting rising operational costs and market pressures.
- Silver Production Increase: The company achieved consolidated silver production of approximately 2.65 million ounces in 2025, a 52% increase from 1.7 million ounces in 2024, indicating improved production capacity but necessitating close monitoring of cost control.
- Future Production Guidance: For 2026, the company projects silver production between 3.2 to 3.6 million ounces, with an average all-in sustaining cost of $30 to $35 per ounce, reflecting a cautiously optimistic outlook for future growth while remaining vigilant about cost fluctuations.
See More
Major Earnings Expected Before Monday's Open
- Earnings Release Preview: Major companies such as Fermi (FRMI), Sigma Lithium Corporation (SGML), Rezolve AI PLC (RZLV), and Americas Gold and Silver Corporation (USAS) are set to report earnings before Monday's market open, which could significantly impact market sentiment.
- Oil Sector Insights: PetroChina Company Limited (PCCYF) will also release its earnings on the same day, potentially influencing investor perceptions of the energy market, especially amid fluctuations in global energy demand.
- Additional Earnings Reports: Other companies including CBAT, IMSR, MEDIF, PAVM, and PDSB are also scheduled to report earnings before Monday's open, and market participants should closely monitor these performances to gauge overall market trends.
- Earnings Season Calendar: Seeking Alpha offers a comprehensive earnings season calendar, allowing investors to access more information to better seize market opportunities.
See More
Sprott Silver ETF Underperforms with 5.8% Drop
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF dropped approximately 5.8% in Thursday afternoon trading, indicating a weak market performance that could undermine investor confidence and lead to capital outflows.
- Weak Stock Components: Among the ETF's components, Coeur Mining saw a decline of about 8%, while Americas Gold and Silver fell by approximately 7.3%, reflecting negative sentiment towards these companies in the market.
- Market Implications: The overall decline of the ETF may trigger broader concerns regarding the silver mining sector, prompting investors to reassess their allocations within precious metal portfolios.
- Investor Sentiment: As market volatility increases, investors may adopt a cautious stance towards the future performance of silver mining ETFs, potentially impacting their liquidity and market appeal.
See More
Sprott Silver ETF Underperforms with Notable Declines
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF fell approximately 3.8% in Friday afternoon trading, indicating a weak performance that could undermine investor confidence in silver investments.
- Component Declines: Among the ETF's weakest components, Gold Resource shares dropped about 6.5%, while Americas Gold and Silver shares fell approximately 6.2%, reflecting negative sentiment towards these companies in the market.
- Market Impact: The poor performance of the silver miners ETF may lead investors to reassess their allocations in precious metals, potentially affecting future inflows into the sector.
- Industry Trends: The weakness in silver mining stocks could signal broader challenges in the precious metals market, prompting investors to monitor industry developments closely for more informed investment decisions.
See More
