Americas Gold And Silver Corporation ( (USAS) ) has released its Q4 earnings. Here is a breakdown of the information Americas Gold And Silver Corporation presented to its investors.
Americas Gold and Silver Corporation is a North American precious metals producer with operations in Mexico and the United States, focusing on silver production and aiming to become a leading silver-focused producer.
The company reported its full-year 2024 financial results, highlighting key strategic moves, including the acquisition of full ownership of the Galena Complex and a leadership transition with the appointment of Paul Andre Huet as CEO and Chairman.
Financially, the company experienced a 5% increase in revenue to $100.2 million, driven by higher silver prices, but reported a net loss of $48.9 million due to increased costs and other financial factors. Silver production was 1.7 million ounces, with a decrease in silver equivalent production compared to the previous year. The company also completed a significant private placement to support its recapitalization efforts.
Looking ahead, Americas Gold and Silver expects increased silver production in 2025 as it advances the EC120 Project and implements operational improvements at the Galena Complex. The company is also focusing on strengthening its financial position through potential debt financing and strategic partnerships.
With a strong foundation and strategic initiatives in place, the company is poised for growth in 2025, aiming to enhance shareholder value and capitalize on favorable silver market conditions.