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USASAmericas Gold and Silver Corporation
$4.39$1.2B
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USAS logoAmericas Gold and Silver Corporation(USAS)Earnings, Financials & Key Ratios

USAS•AMEX
$4.39
Price updated Jul 7, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryBase Metals Mining and Smelting
AboutAmericas Gold and Silver Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral properties in North America. It explores for silver, lead, zinc, copper, and gold deposits. The company holds 100% interests in the Cosalá Operations consisting of 67 mining concessions that covers approximately 19,385 hectares located in the state of Sinaloa, Mexico; and the San Felipe development project in Sonora, Mexico. It also owns a 60% interest in the Galena Complex located in the northern Idaho Silver Valley, Idaho; and a 100% interest in the Relief Canyon mine located in the Pershing County, Nevada, the United States. The company was formerly known as Americas Silver Corporation and changed its name to Americas Gold and Silver Corporation in September 2019. Americas Gold and Silver Corporation was incorporated in 1998 and is headquartered in Toronto, Canada.Show more
  • Revenue$118M+17.7%
  • EBITDA-$5M-117.5%
  • Net Income-$87M-94.6%
  • EPS (Diluted)-0.33+21.4%
  • Gross Margin10.04%+251.4%
  • EBITDA Margin-3.97%-84.8%
  • Operating Margin-21.97%+16.1%
  • Net Margin-74.15%-65.3%
  • ROE-63.58%+11.1%

USAS Price & Volume

Americas Gold and Silver Corporation (USAS) stock price & volume — 10-year historical chart

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Revenue Surge Masks Persistent Operational Capital Intensity

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Strained
Financial:Vulnerable
Cash Flow:Improving
Primary Risk:Operational execution and dilution

Key Thesis Takeaways

  • Americas Gold and Silver Corporation exhibits a volatile recovery trajectory, characterized by a 185.1% revenue expansion in 2026Q1 that finally outpaced historical operating losses.
  • While the company has improved its current ratio to 1.69, the persistent $661.2M retained earnings deficit and ongoing negative free cash flow of $872.7K suggest that long-term value creation remains unproven.
  • Investors should monitor whether the current 51.7% gross margin can be sustained against the high 33.5% capital expenditure-to-revenue ratio required to maintain aging underground mining assets.

Verdict Logic

while the 2026Q1 operating income of $27.8M indicates potential scaling, the company's inability to generate positive free cash flow despite a 33.5% capital expenditure-to-revenue ratio warrants a cautious wait-and-see approach.

USAS Growth Metrics

Americas Gold and Silver Corporation (USAS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.24%
5 Years33.43%
3 Years11.53%
TTM52.62%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-18.77%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-16.59%

Return on Capital

10 Years-12.99%
5 Years-21.38%
3 Years-16.73%
Last Year-11.52%

USAS Recent Earnings

Americas Gold and Silver Corporation (USAS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (18%)●Beat Revenue 3/12 qtrs (27%)
Q2 2026Latest
Mar 31, 2026
Metric
Actual
Est
EPS
$0.03-200.0%
$0.03
Rev
$37M-22.5%
$48M
Q2 2026
Mar 30, 2026
Metric
Actual
Est
EPS
$0.06+97.4%
$0.03
Rev
$68M+47.1%
$46M
Q4 2025
Nov 10, 2025
Metric
Actual
Est
EPS
$0.02-20.0%
$0.02
Rev
$31M-9.3%
$34M
Q3 2025
Aug 11, 2025
Metric
Actual
Est
EPS
$0.05-300.0%
$0.01
Rev
$27M-47.4%
$51M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 31, 2026
$0.03vs $0.03-200.0%
$37Mvs $48M-22.5%
Q2 2026Mar 30, 2026
$0.06vs $0.03+97.4%
$68Mvs $46M+47.1%
Q4 2025Nov 10, 2025
$0.02vs $0.02-20.0%
$31Mvs $34M-9.3%
Q3 2025Aug 11, 2025
$0.05vs $0.01-300.0%
$27Mvs $51M-47.4%
Based on last 12 quarters of dataView full earnings history →

Latest USAS News

Recent stock market news and headlines for Americas Gold and Silver Corporation (USAS)

Newsfile Corp·Jun 25, 2026
Americas Gold and Silver Completes Phase 2 of No. 3 Shaft Upgrades at Galena, Increasing Current Hoisting Capacity by 100% and Provides Operations Update

Toronto, Ontario and Wallace, Idaho--(Newsfile Corp. - June 25, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company") a growing North American precious metals and antimony producer, is pleased to announce the completion of Phase 2 of the No. 3 Shaft modernization program at the Galena Complex in Idaho, a key infrastructure project supporting the Company's planned production growth at both the Galena and Crescent mines.

Newsfile Corp·Jun 23, 2026
Americas Gold and Silver Corporation Announces Election of Directors and Annual Meeting Voting Results

Toronto, Ontario--(Newsfile Corp. - June 23, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (the "Company") is pleased to announce that the nominees listed in the management proxy Circular dated May 14, 2026 (the "Circular") for the Company's annual meeting of Shareholders held June 23, 2026 (the "Meeting") were each elected by a significant majority as directors of the Company at the Meeting. At the Meeting, the ordinary resolution as set out in the Circular, was passed to reappoint PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year and to authorize the Directors to fix their remuneration.

Peers Comparison

Key metrics vs top competitors for Americas Gold and Silver Corporation (USAS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
USAS logoUSASAmericas Gold and Silver CorporationCurrent
$4.39$1.17B-13.3017.71%-74.15%-63.58%—
EXK logoEXKEndeavour Silver Corp.
$8.02$2.37B-18.65115.25%-3.48%-3.75%—
PAAS logoPAASPan American Silver Corp.
$44.16$18.61B16.9230.63%31.69%19.63%—
CDE logoCDECoeur Mining, Inc.
$16.04$10.44B17.8296.41%31.15%15.17%—
HL logoHLHecla Mining Company
$15.56$10.44B31.7653.03%35.55%22.55%—
MFG logoMFGMizuho Financial Group, Inc.
$10.19$124.14B15.4110.35%14.46%11.28%—

Compare USAS vs Peers

Americas Gold and Silver Corporation (USAS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EXK

Most directly comparable listed peer for USAS.

Scale Benchmark

vs MFG

Larger-name benchmark to compare USAS against a more recognizable public peer.

Peer Set

Compare Top 5

vs EXK, PAAS, CDE, HL

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USAS Frequently Asked Questions

Americas Gold and Silver Corporation (USAS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Americas Gold and Silver Corporation's revenue?

Americas Gold and Silver Corporation (USAS) reported $161.5M in revenue for fiscal year 2025.

How fast is Americas Gold and Silver Corporation growing?

Americas Gold and Silver Corporation (USAS) grew revenue by 17.7% over the past year. This is strong growth.

Is USAS profitable?

Americas Gold and Silver Corporation (USAS) reported a net loss of $58.7M for fiscal year 2025.

Dividend & Returns
What is USAS's return on equity?

Americas Gold and Silver Corporation (USAS) has a return on equity (ROE) of -63.6%. Negative ROE indicates the company is unprofitable.

What is Americas Gold and Silver Corporation's free cash flow?

Americas Gold and Silver Corporation (USAS) had negative free cash flow of $59.5M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in USAS back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →