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USA Americas Gold and Silver News Story

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Basic MaterialsAdventurousMid CapNeutral

Americas Gold Q2 revenue misses estimates on lower zinc, lead production and prices

Overview

Americas Gold and Silver Q2 silver production up 36% yr/yr

Revenue for Q2 falls 19%, missing analyst expectations

Co announces share consolidation and secures $100 mln loan facility

Outlook

Company expects commercial production at EC120 by end of 2025

Company aims to leverage antimony as new revenue stream

Result Drivers

SILVER PRODUCTION - Increased 36% yr/yr due to operational improvements and higher grades at Galena Complex and EC120 Project

REVENUE DECLINE - Despite higher silver prices, revenue fell 19% due to lower zinc and lead production and prices

TRANSITION TO SILVER-COPPER - Shift from zinc and lead to silver-copper production impacted base metal revenues

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueMiss$27 mln$34.30 mln (1 Analyst)
Q2 Net Income-$15.10 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the diversified mining peer group is "buy" Wall Street's median 12-month price target for Americas Gold and Silver Corporation is C$2.00, about 25% above its August 8 closing price of C$1.50 Press Release: ID:nBw3cdDw6a (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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