Americas Gold and Silver Reports Q2 2025 Financial Results and Development Updates

Americas Gold and Silver reports a 54% increase in silver production for Q2 2025, totaling 689,000 ounces. However, consolidated revenue decreased by 19% to $27 million due to lower zinc and lead prices. A $100 million secured loan facility was executed to fund growth and development at the Galena Complex, and the company secured a multi-metal offtake agreement for polymetallic concentrates.

Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) has reported its financial and operational results for the second quarter of 2025, showcasing a significant increase in silver production while facing challenges in consolidated revenue due to lower zinc and lead prices.

The company reported a 54% increase in silver production for Q2 2025, totaling 689,000 ounces. This increase was driven by operational improvements and efficiencies at the Galena Complex in Idaho. Silver production was up from 506,000 ounces in Q2 2024, representing a substantial year-over-year growth of 36% [1].

However, the company's consolidated revenue decreased by 19% to $27.0 million for Q2 2025. This decline was primarily due to lower production and realized prices of zinc and lead, as the company transitions from the San Rafael Mine to the higher-grade silver-copper EC120 Project at Cosalá [2].

To support its growth and development plans, Americas Gold and Silver executed a senior secured term loan facility for up to $100 million with SAF Group. The first $50 million tranche of funds was received in June 2025 [2].

The company also secured a multi-metal offtake agreement with Ocean Partners for the treatment of up to 100% of the polymetallic concentrates from the Galena Complex at Teck Resources Limited’s Trail Operations in British Columbia. This agreement ensures processing capacity at a nearby smelter, which is critical for the company's plans to significantly increase silver and by-product metal production over the next several years [2].

Despite the revenue decline, the company's cash and cash equivalents balance stood at $61.7 million and working capital at $10.4 million as at June 30, 2025. The company also reported a net loss of $15.1 million for Q2 2025, primarily due to increasing precious metal prices on metals-based liabilities, non-recurring non-cash corporate general and administrative expenses, and lower net revenue from decreased base metals production [2].

The company's inclusion in the Solactive Global Silver Miners Index is an important milestone, validating its position as a growing silver-focused miner and increasing exposure to large institutional investors [2].

References:
[1] https://www.marketwatch.com/story/americas-gold-silver-production-rises-in-2q-commodities-comment-3a14474d
[2] https://finance.yahoo.com/news/americas-gold-silver-reports-positive-110000612.html