Americas Gold and Silver (USAS)
Producer of silver-bearing concentrates from Idaho and Mexican underground mines.
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Sells silver-bearing concentrates and finished silver from underground operations in Idaho and Mexico, with copper, lead, zinc and antimony by-products. Revenue rests on the Galena Complex and Cosalá Operations and is concentrated among a small group of offtake customers.
Operates the Galena Complex in Idaho and the Cosalá Operations in Sinaloa, Mexico, selling silver-bearing concentrates that also contain copper, lead, zinc and antimony. The Galena Complex includes the producing Galena mine and the Crescent mine under restart work, while Cosalá includes the San Rafael mine and the Los Braceros processing facility.
Concentrate revenue is recognized at delivery using provisional metal pricing, later adjusted as prices move; finished-silver revenue tracks London silver spot pricing. Mine development and production depend primarily on the two operating complexes, which require capital, permits, equipment and specialized personnel. A small group of customers generated all revenue in the reported year, while concentrate from the newer Cosalá silver-copper mine is committed to Trafigura under its financing agreement.
Company facts
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Aug 19, 2026 | H.C. Wainwright | Reiterate | Buy | $9.25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $88.8M · Total debt $55.7M · Total assets $431.8M · Shareholders' equity $295.7M
- Revenue
- $47.8M
- Operating income
- $8.7M
- Net income
- −$4.9M
No dividends on record.
| Institutions165 holders · as of Mar 31, 2026 · largest filers plus last quarter's tail | ≈ 31.61% | 106.71M shares | |
| Otherremainder | ≈ 68.39% | 230.83M shares |
337.54M company shares as of Aug 22, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Merk Investments LLCInstitution | 5.75% | 19.39M | 13Fas of Mar 31, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 2.83% | 9.56M | 13Fas of Mar 31, 2026 |
Van Eck Associates CorpInstitution | 2.32% | 7.84M | 13Fas of Mar 31, 2026 |
Alps Advisors IncInstitution | 2.04% | 6.88M | 13Fas of Mar 31, 2026 |
Vanguard Capital Management LLCInstitution | 1.81% | 6.11M | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
Nothing filed in the last 12 months.
- Hecla Mining
Direct Idaho rival in underground silver-lead-zinc concentrates.
- First Majestic Silver
Larger Mexican underground silver producer across the same base-metal mix.
- Pan American Silver
Mexican silver-lead-zinc producer with a large-scale growth pipeline.
- Coeur Mining
North American silver producer with two Mexican operating complexes.
- Avino Silver & Gold Mines
Mexican primary-silver producer and developer at a comparable scale.
- Perpetua Resources
Idaho antimony-development peer competing for strategic-minerals resources.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Americas Gold and Silver | $5.52 | +1.85% | $1.83B | — | 16.1 | 10.0 | +71.6% |
| Hecla Mining | $21.10 | +1.61% | $13.93B | 42.4 | 25.2 | 8.7 | +9.8% |
| First Majestic Silver | $21.43 | +1.04% | $10.45B | 30.5 | 23.7 | 6.4 | +57.0% |
| Pan American Silver | $52.26 | +1.38% | $21.72B | 15.6 | 12.0 | 5.0 | +35.9% |
| Coeur Mining | $21.72 | +1.31% | $22.07B | 17.3 | 15.9 | 7.0 | +125.9% |
| Avino Silver & Gold Mines | $7.65 | +2.14% | $1.28B | 28.3 | 31.9 | 11.0 | +22.9% |
| Perpetua Resources | $24.52 | +0.16% | $3.06B | — | — | — | — |
| Median | 28.3 | 23.7 | 7.0 | +35.9% |