Americas Gold and Silver Corporation (USAS) Bundle
A Brief History of Americas Gold and Silver Corporation (USAS)
Foundation and Initial Operations
Americas Gold and Silver Corporation was established in 1965. Initially named as "Global Silver," the company focused on silver mining operations. In 2015, the company rebranded itself as Americas Gold and Silver Corporation to reflect a broader focus on both gold and silver production.
Key Acquisitions
- In 2018, Americas Gold and Silver purchased the Relief Canyon Gold Project in Nevada for approximately $15 million.
- In 2019, the company acquired the Galena Complex, a silver mining operation in Idaho, significantly enhancing its resource base.
Stock Market Performance
The company trades on the Toronto Stock Exchange (TSX) under the ticker symbol USA. As of October 2023, the stock price is approximately $1.05 CAD. The market capitalization is reported to be around $100 million CAD.
Production Statistics
For the fiscal year ending December 2022, Americas Gold and Silver reported the following production statistics:
| Year | Silver Production (oz) | Gold Production (oz) |
|---|---|---|
| 2022 | 1,025,000 | 5,000 |
| 2021 | 1,500,000 | 7,000 |
Financial Performance
In the fiscal year of 2022, Americas Gold and Silver reported revenues of approximately $35 million, a decline from $45 million in 2021. The company reported a net loss of $15 million in 2022 compared to a net income of $3 million in 2021.
Future Expansion Plans
The company is currently engaged in several exploratory drilling programs aimed at increasing its resource estimates. In 2023, it announced plans to invest $5 million in exploration activities at its Relief Canyon Project with the goal of enhancing gold reserves.
Sustainability Efforts
Americas Gold and Silver is committed to sustainable mining practices. In 2022, the company reported a reduction of its carbon footprint by 20% due to the implementation of new technologies and practices in its mining operations.
Market Challenges
The mining industry has faced several challenges, including fluctuating metal prices and regulatory issues. As of October 2023, silver prices are approximately $22 per ounce, while gold prices stand at around $1,900 per ounce.
Community Engagement
Americas Gold and Silver actively engages with local communities in areas where it operates. In 2022, the company invested more than $1 million in community development programs aimed at education and infrastructure improvements.
A Who Owns Americas Gold and Silver Corporation (USAS)
Ownership Structure
Americas Gold and Silver Corporation (ticker: USAS) is a publicly-traded company, and its ownership comprises various institutional investors, retail shareholders, and insiders. As of the latest filings in 2023, the major shareholders are as follows:
| Shareholder Type | Percentage Ownership | Number of Shares |
|---|---|---|
| Institutional Investors | 57.8% | 45,000,000 |
| Retail Shareholders | 25.2% | 19,600,000 |
| Insider Ownership | 17.0% | 13,250,000 |
Major Institutional Shareholders
The institutional players investing in Americas Gold and Silver Corporation include several notable investment firms.
| Institution | Ownership Percentage | Shares Owned |
|---|---|---|
| VanEck Associates Corporation | 9.4% | 7,500,000 |
| BlackRock Inc. | 6.3% | 5,000,000 |
| Renaissance Technologies Corp. | 5.2% | 4,000,000 |
| Parametric Portfolio Associates LLC | 4.7% | 3,600,000 |
Management and Insider Ownership
Insider ownership plays a significant role in the governance of Americas Gold and Silver Corporation. Key executives and board members hold substantial stakes in the company.
| Name | Position | Shares Owned |
|---|---|---|
| Mark Bradley | CEO | 3,000,000 |
| Jim A. Smith | Chairman | 2,500,000 |
| Theresa T. Johnson | CFO | 1,500,000 |
Recent Stock Performance
As of October 2023, the performance of Americas Gold and Silver Corporation reflects its operational results and market conditions.
| Metric | Value |
|---|---|
| Market Capitalization | $90 million |
| Current Share Price | $0.70 |
| 52-week High | $1.20 |
| 52-week Low | $0.50 |
Recent Developments
The company has been involved in several strategic developments impacting ownership and shares, including:
- New financing rounds raising $8 million in equity.
- Approval of a new mining project anticipated to enhance production by 20%.
- Partnerships established with local mining firms to expand operational reach.
Americas Gold and Silver Corporation (USAS) Mission Statement
Company Overview
Americas Gold and Silver Corporation, trading as USAS, operates primarily in the mining sector. As of September 2023, the company's market capitalization stood at approximately $150 million. The company is focused on the exploration, development, and production of gold and silver in the United States and Canada.
Mission Statement
The mission statement of Americas Gold and Silver Corporation is to provide sustainable and responsible mining operations that create value for stakeholders, including shareholders, employees, and communities. The company aims to position itself as a leader in the precious metals sector through efficiency, operational excellence, and a commitment to corporate social responsibility.
Core Values
- Sustainability: Prioritizing environmentally responsible practices.
- Integrity: Emphasizing ethical behavior and transparency.
- Innovation: Utilizing advanced technologies to improve mining processes.
- Community Engagement: Building strong relationships with local communities.
Financial Performance
For the fiscal year ending December 31, 2022, Americas Gold and Silver Corporation reported the following financial figures:
| Financial Metric | 2022 Amount | 2021 Amount |
|---|---|---|
| Revenue | $35 million | $28 million |
| Net Income | $5 million | $3 million |
| Total Assets | $100 million | $90 million |
| Total Liabilities | $30 million | $25 million |
| Cash and Cash Equivalents | $15 million | $10 million |
Strategic Goals
- Increase Production: Aim to boost silver production by 25% by 2025.
- Cost Reduction: Target a reduction in operational costs by 15% over the next two years.
- Expansion: Seek new acquisition opportunities in North America.
- Social Responsibility: Invest $1 million annually in community development projects.
Recent Achievements
In 2023, Americas Gold and Silver Corporation achieved a significant milestone by successfully ramping up production at their flagship property, the Relief Canyon Mine, which produced approximately 10,000 ounces of gold in the first half of the year. The company's commitment to operational improvements led to a reduction in production costs to around $900 per ounce.
Commitment to Stakeholders
Americas Gold and Silver Corporation emphasizes a strong commitment to its stakeholders by ensuring regular communication and engagement. In 2022, the company held four quarterly earnings calls, providing updates to investors and analysts.
How Americas Gold and Silver Corporation (USAS) Works
Overview
Americas Gold and Silver Corporation is a mining company focused on the silver and gold sectors in North America. As of the end of Q3 2023, the company reported significant operations in the United States and Mexico.
Key Financial Metrics
| Metric | Value (Q3 2023) |
|---|---|
| Revenue | $34.2 million |
| Net Income | $5.3 million |
| Operating Cash Flow | $10.1 million |
| Debt | $20.5 million |
| Cash and Cash Equivalents | $15.7 million |
Production and Operations
The company operates several key mining projects:
- Galena Complex in Idaho, USA
- San Felipe Project in Sonora, Mexico
- Relief Canyon Mine in Nevada, USA
Production Statistics
| Project | 2023 Estimated Silver Production (oz) | 2023 Estimated Gold Production (oz) |
|---|---|---|
| Galena Complex | 1.2 million | 10,000 |
| San Felipe | 800,000 | 5,000 |
| Relief Canyon | 500,000 | 2,500 |
Market Position
The company is listed on the Toronto Stock Exchange under the symbol "USAS" and has a market capitalization of approximately $200 million as of October 2023.
Stock Performance
| Metric | Value |
|---|---|
| 52-week High | $3.80 |
| 52-week Low | $1.80 |
| Current Share Price | $2.50 |
| Volume (Last Trading Day) | 500,000 shares |
Future Outlook and Guidance
Americas Gold and Silver Corporation aims to increase its production capacity by 25% by the end of 2024 and expects to invest approximately $10 million in exploration and development projects over the next two years.
Corporate Social Responsibility
The company is committed to sustainable mining practices and has allocated $1.2 million for community development programs in 2023.
Management Team
- President and CEO: Darren Blasutti
- CFO: Bob McFarland
- VP of Exploration: Dr. Robert A. McCauley
Conclusion
The operations, financial health, and strategic direction of Americas Gold and Silver Corporation demonstrate a comprehensive approach to mining and resource management.
How Americas Gold and Silver Corporation (USAS) Makes Money
Mining Operations
Americas Gold and Silver Corporation generates revenue primarily through its mining operations, focusing on the extraction of precious metals, mainly silver and gold. The company operates several mine projects, particularly the Galena Complex located in Idaho and the Relief Canyon mine in Nevada.
Revenue Breakdown
| Year | Total Revenue (in USD) | Gold Revenue (in USD) | Silver Revenue (in USD) | Other Revenue (in USD) |
|---|---|---|---|---|
| 2020 | $42.9 million | $23.1 million | $18.6 million | $1.2 million |
| 2021 | $47.3 million | $20.9 million | $24.8 million | $1.6 million |
| 2022 | $30.5 million | $9.8 million | $18.2 million | $2.5 million |
| 2023 (Q1) | $12.6 million | $4.2 million | $7.8 million | $0.6 million |
Production Metrics
The company's production metrics are essential for its profitability. In 2022, the Galena Complex produced approximately 2.9 million ounces of silver and around 9,000 ounces of gold.
Cost Structure
Understanding the cost structure is vital for analyzing profitability. The following data outlines the average cash costs and all-in sustaining costs (AISC) per ounce.
| Year | Cash Cost (USD/oz) | AISC (USD/oz) |
|---|---|---|
| 2020 | $11.50 | $14.90 |
| 2021 | $13.20 | $17.50 |
| 2022 | $15.00 | $20.00 |
| 2023 (Q1) | $16.80 | $22.30 |
Market Conditions
Market conditions heavily influence Americas Gold and Silver's revenue, particularly the price fluctuations of silver and gold. As of October 2023, the average spot price for silver is approximately $24.50 per ounce and gold is around $1,850 per ounce.
Exploration and Expansion
The company also invests in exploration and expansion of its existing operations to enhance future revenue streams. In 2023, Americas Gold and Silver allocated approximately $10 million toward exploration activities, targeting potential new resources in the vicinity of its current operations.
Joint Ventures and Partnerships
Americas Gold and Silver engages in joint ventures and partnerships to optimize resources and share financial burdens. As of October 2023, the company has entered into a joint venture agreement with Equinox Gold for the development of their respective assets, aiming to create synergies in operations.
Financial Performance Indicators
| Year | Net Income (in USD) | Total Assets (in USD) | Total Liabilities (in USD) |
|---|---|---|---|
| 2020 | -$23 million | $125 million | $68 million |
| 2021 | -$10 million | $132 million | $60 million |
| 2022 | -$8 million | $148 million | $62 million |
| 2023 (Q1) | - | $160 million | $65 million |
Americas Gold and Silver Corporation (USAS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support