Business
Americas Gold and Silver Announces Full-Year 2024 Results Ahead of Transformational Year Underway in 2025
TORONTO / Mar 27, 2025 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North Am
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":"TORONTO / Mar 27, 2025 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer, reports consolidated financial and operational results for the year ended December 31, 2024. This earnings release should be read in conjunction with the Company’s Management’s Discussion and Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on the Americas Gold and Silver Corporation SEDAR+ profile at www.sedarplus.ca, and on its EDGAR profile at www.sec.gov, and which are also available on the Company’s website at www.americas-gold.com. All figures are in U.S. dollars unless otherwise noted. 2024 Highlights Increased ownership in the Galena Complex to 100% through the acquisition of Eric Sprott’s 40% interest in the Galena Complex (“Acquisition”) completed on December 19, 2024. Completed a C$50 million concurrent bought deal private placement of subscription receipts at an issue price of C$0.40 per subscription receipt in support of the recapitalization of the Company as part of the consolidation transaction. Mr. Paul Andre Huet was appointed Chief Executive Officer effective November 11, 2024, and Chairman on December 19, 2024. Mr. Huet’s focus is on building a strong, experienced technical team to unlock the dormant value of the Galena Complex and Cosalá Operations in pursuit of increased shareholder returns. Benefits of the Consolidation Transaction: Consolidation of Galena Complex in Idaho’s Silver Valley aimed at strengthening the Company’s position during a strong silver market environment. Leadership transition with Mr. Huet bringing extensive experience in underground mining and a track record of operational excellence with long-standing industry connections. The financial backing of, and strategic partnership with Mr. Eric Sprott and additional institutional investors provides both a strong capital foundation and increased market recognition. Increase in fiscal 2024 revenue due to higher realized prices. Revenue increased to $100.2 million for 2024 or 5% compared to $95.2 million for 2023, with higher realized silver [1] and realized zinc [1] during the period. Consolidated attributable silver production of 1.7 million ounces with approximately 3.7 million ounce...