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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $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