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USAS on NYSE

Americas Gold & Silver Corp

Americas Gold & Silver Corp is a metal mining company that raised $31.7 million in 2024 (SEC Form D).1 Its shares trade on NYSE under the symbol USAS.1

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Last updated Oct 21, 2026.

Overview

$117.9MRevenue, fiscal 20252
-$87.4MNet income, fiscal 20252

Compare with Sigma Lithium Corp, AVINO SILVER & GOLD MINES LTD or MP Materials, or pick any stock.

  • TickerUSAS on NYSE1
  • IndustryMetal Mining1
  • HeadquartersZ41
  • Incorporated inCanada (Federal Level)3
  • Business address145 King St. W., Suite 2870, Toronto, L5N6C73
  • Filer category, Emerging growth company3
  • Legal formCorporation

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Americas Gold and Silver was incorporated as Scorpio Mining Corporation (“ Scorpio Mining ”) pursuant to articles of incorporation dated May 12, 1998, under the Canada Business Corporations Act (“ CBCA ”) with authorized share capital of an unlimited number of Common Shares. On December 23, 2014, a merger of equals transaction between Scorpio Mining and U.S. Silver & Gold Inc. (“ U.S. Silver ”) was completed to combine their respective businesses by way of a plan of arrangement of U.S. Silver pursuant to section 182 of the Business Corporations Act (Ontario). Following the merger of equals, the combined company changed its name to Americas Silver Corporation (“ Americas Silver ”) by way of articles of amendment dated May 19, 2015. On April 3, 2019, Americas Silver completed its acquisition of Pershing Gold Corporation (“ Pershing Gold ”) pursuant to a plan of merger under Nevada law (the…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-74.1%Net margin2
17.7%Revenue growth, 20252
-39.5%Return on equity2
-$73.2MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Galena Complex brought in 51% of the revenue Americas Gold & Silver Corp broke down this way in fiscal 2025.

  1. Galena Complex$60.2M251%up 31% from 2024
  2. Cosala Operations$57.7M249%up 7% from 2024
Business segments by year
Business segments20242025
Galena Complex$46.1M$60.2M
Cosala Operations$54.1M$57.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue69¢$84.9M
  • Selling, general and admin23¢$28.6M
  • Interest4¢$5.3M
  • Income tax4¢$4.6M

Out of $117.9M in revenue.2 The company lost money this year.

Financial statements

Revenue567892$117.9M in 2025+73% since 2018
0$50.0M$100.0M$150.0M2018: $68.4M$68.4M20182019: $58.4M$58.4M2019−15%2020: $27.9M$27.9M2020−52%2021: $45.1M$45.1M2021+62%2022: $85.0M$85.0M2022+89%2023: $95.2M$95.2M2023+12%2024: $100.2M$100.2M2024+5%2025: $117.9M$117.9M2025+18%
Net income792-$87.4M in 2025
-$100.0M0$100.0M$200.0M2021: $160.6M$160.6M20212023: -$38.2M-$38.2M20232024: -$49.0M-$49.0M2024+28%2025: -$87.4M-$87.4M2025+78%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Revenue$117.9M$100.2M
Cost of sales-$84.9M-$82.7M
Depletion and amortization-$21.2M-$24.1M
Care and maintenance costs-$2.5M-$4.1M
Corporate general and administrative-$28.6M-$8.9M
Exploration costs-$6.1M-$6.0M
Accretion on decommissioning provision-$627.0K-$616.0K
Interest and financing expense-$5.3M-$7.4M
Foreign exchange loss-$1.8M-$3.5M
Gain on disposal of assets$967.0K$18.0K
Impairment to property, plant and equipment-$10.4M$0
Loss on metals contract liabilities-$46.3M-$10.2M
Other gain (loss) on derivatives$6.3M-$164.0K
Fair value loss on royalty payable-$351.0K-$875.0K
Loss before income taxes-$82.8M-$48.3M
Income tax expense-$4.6M-$679.0K
Shareholders of the Company-$87.4M-$45.1M
Non-controlling interests$0-$3.9M
Net loss-$87.4M-$49.0M
Remeasurement of post-employment benefit obligations$1.3M$2.2M
Deferred income taxes-$277.0K-$452.0K
Foreign currency translation reserve-$967.0K$6.1M
Other comprehensive income$74.0K$7.8M
Comprehensive loss-$87.4M-$41.2M
Shareholders of the Company-$87.4M-$37.9M
Non-controlling interests$0-$3.3M
Basic-$0.33-$0.43
Diluted-$0.33-$0.43
Basic267.3M shares106.0M shares
Diluted267.3M shares106.0M shares

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Corporate structure

Americas Gold & Silver Corp sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Americas Gold & Silver Corp

  • Eric Sprott Filed SCHEDULE 13D/A on Americas Gold & Silver Corp, latest Jun 12, 2026 (6 filings since Dec 23, 2024)
  • NewGen Asset Management Ltd Filed SCHEDULE 13G on Americas Gold & Silver Corp, latest Nov 14, 2025 (2 filings since Apr 9, 2025)
  • VAN ECK ASSOCIATES CORP Filed SC 13G on Americas Gold & Silver Corp, latest Feb 14, 2024 (2 filings since Feb 4, 2022)
  • GAM Filed SC 13G/A on Americas Gold & Silver Corp, latest Jan 28, 2022
  • Americas Gold & Silver Corp Z4

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Americas Gold & Silver Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$248.8M2 Dec 31, 2025$147.4M2 Dec 31, 2024+68.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$129.8M2 Dec 31, 2025$20.0M2 Dec 31, 2024+548.9%
Long-term investments$40.9M9 Dec 31, 2024$36.8M9 Dec 31, 2023+10.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$10.7M2 Dec 31, 2025$10.7M2 Dec 31, 2024−0.3%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerDarren Blasutti named Nov 13, 2024 to Dec 31, 202411
  • Executive OfficerJames Currie named Nov 13, 2024 to Dec 31, 202411
  • Executive OfficerMichael Doolin named Dec 31, 202411
  • Director, Executive OfficerPaul Huet named Nov 13, 2024 to Dec 31, 202411
  • Executive OfficerPeter McRae named Nov 13, 2024 to Dec 31, 202411
  • Executive OfficerWarren Varga named Nov 13, 2024 to Dec 31, 202411
  • DirectorBradley Kipp named Nov 13, 2024 to Dec 31, 202411
  • DirectorGordon Pridham named Nov 13, 2024 to Dec 31, 202411
  • DirectorLorie Waisberg named Nov 13, 2024 to Dec 31, 202411
  • DirectorPeter Goudie named Dec 31, 202411
  • DirectorScott Hand named Dec 31, 202411
  • DirectorAlan Edwards named Nov 13, 202412
  • DirectorAlex Davidson named Nov 13, 202412
  • DirectorChristine Carson named Nov 13, 202412
  • DirectorManuel Rivera named Nov 13, 202412

Former names

  • Americas Silver CorpSep 10, 2015 to Jan 15, 20203
  • SCORPIO MINING CORPApr 13, 2004 to Apr 21, 20103

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 10, 2025.13

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

158 filings to the SEC since October 2021: 7 annual reports, 11 large holders, 2 private raises, 138 other. The latest 20:

  1. Oct 13, 20266-K EDGAR
  2. Sep 22, 2026SD EDGAR
  3. Sep 22, 20266-K EDGAR
  4. Sep 18, 20266-K EDGAR
  5. Sep 17, 20266-K EDGAR
  6. Sep 10, 20266-K EDGAR
  7. Aug 14, 20266-K EDGAR
  8. Aug 14, 20266-K EDGAR
  9. Aug 11, 20266-K EDGAR
  10. Jul 23, 20266-K EDGAR
  11. Jul 15, 20266-K EDGAR
  12. Jul 15, 20266-K EDGAR
  13. Jun 12, 2026SCHEDULE 13D/A EDGAR
  14. Jun 11, 20266-K EDGAR
  15. Jun 1, 20266-K EDGAR
  16. May 29, 20266-K EDGAR
  17. May 26, 20266-K EDGAR
  18. May 22, 20266-K EDGAR
  19. May 20, 20266-K EDGAR
  20. May 14, 20266-K EDGAR

The 158 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 19, 2024Raised $8.9 million in a private offering of equity Form D: 12 investors so far Form D
  2. Oct 30, 2024Raised $22.8 million in a private offering of equity Form D: 12 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Merk Investments LLC19,392,000$91.5M29.2%No change
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.8,495,815$40.2M0.0%−1,062,156
Van Eck Associates Corp7,711,429$36.4M0.0%−133,392
Vanguard Capital Management LLC6,337,708$30.0M0.0%+226,042
Connor, Clark & Lunn Investment Management Ltd.6,183,097$29.2M0.1%+744,075
Alps Advisors Inc5,993,265$28.3M0.1%−891,717
Two Sigma Investments, LP4,372,111$20.6M0.0%−210,252
NewGen Asset Management Ltd3,500,000$16.5M9.1%−949,900
Franklin Resources Inc3,199,391$15.1M0.0%+3,033,699
U S Global Investors Inc2,625,000$12.4M1.2%+825,000
Manufacturers Life Insurance Company, The2,158,610$10.1M0.0%+422,418
Gabelli Funds LLC2,115,000$10.0M0.1%No change
Vanguard Fiduciary Trust Co1,922,165$9.1M0.0%+30,145
Renaissance Technologies LLC1,822,600$8.6M0.0%+775,100
Royal Bank Of Canada1,543,614$7.3M0.0%+1,499,667
Bank Of America Corp /de/1,501,181$7.1M0.0%−415,300
Deutsche Bank Ag\1,207,614$5.7M0.0%+593,091
Quadrature Capital Ltd1,168,625$5.5M0.0%New
Susquehanna International Group, Llp1,112,746$5.3M0.0%−78,696
Sprott Inc.1,104,351$5.2M0.2%+12,849
UBS Group AG1,020,397$4.8M0.0%+66,575
Intact Investment Management Inc.1,010,440$4.8M0.1%+15,600
Goldman Sachs Group Inc966,306$4.6M0.0%+301,897
Morgan Stanley943,767$4.5M0.0%−666,430
Bank Of Montreal /can/905,946$4.3M0.0%−609,817

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Americas Gold & Silver Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAmericas Gold & Silver Corp1
  • CIK0001286973
  • Filer status<br>emerging growth company not an emerging growth company1
  • Incorporated inA618
  • Industry code (SIC)1000 Metal Mining1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address145 King St. W., Suite 2870, Toronto, Ontario L5N6C7, Ontario, Canada1
  • Phone41684895031
  • Shares outstanding320,418,782 as of Dec 31, 20252
  • AuditorPricewaterhouseCoopers LLP, Toronto, Ontario PCAOB ID 271; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceApr 13, 20041
  • Filings362 in all: 6-K (268), 425 (13), SC 13G (11), 40-F (9), SC 13G/A (9), D (6), SCHEDULE 13D/A (5), EFFECT (4)1
    All 31 form types

    REGDEX (4), F-X (3), SD (3), 40-F/A (2), CORRESP (2), F-10 (2), F-10/A (2), SCHEDULE 13G (2), SUPPL (2), UPLOAD (2), 20-F (1), 3 (1), 40FR12B (1), 424B3 (1), 6-K/A (1), CERTNYS (1), F-3 (1), F-4 (1), F-4/A (1), FWP (1), S-8 (1), S-8 POS (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (40-F) Mar 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, no par valueUSASNYSE

From the cover page of the 40-F filed Mar 30, 2026 (Section 12(b) of the Exchange Act).18

Sources

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