Americas Gold And Silver Corp (AMEX:USAS)

Q2 2025 Americas Gold and Silver Corporation Earnings Call Transcript

Aug 11, 2025 / 02:00 PM GMT

Release Date Price: $2.68 (-1.83%)

Transcript

Key Points

Positve

Americas Gold And Silver Corp (USAS) significantly strengthened its balance sheet by closing a $100 million senior secured debt facility with SAF, providing capital for growth, particularly at the Galena complex.
The company achieved a 54% increase in silver production in Q2 2025, producing 689,000 ounces, reflecting strong operational performance.
A new 5-year offtake agreement for 100% of Galena's production was secured, providing revenue certainty and improved terms for byproduct credits.
The introduction of long hole scoping at Galena has led to higher productivity rates and lower costs, marking a significant operational improvement.
The company reported a cash balance increase to $62 million, up by $53 million from Q1, mainly due to the first tranche of the term loan facility and offtake financing.

Negative

Revenue decreased to $27 million in Q2 2025 from $33 million in Q2 2024, attributed to lower zinc and lead production.
The company reported a net loss of $15 million, an increase from $4 million in Q2 2024, driven by investments in revitalizing the Galena mine and transitioning to EC 120 at Cosala.
Cost of sales per silver equivalent ounce was approximately $28, with cash costs at $26.64 per silver ounce and all-in sustaining costs at $32.89 per silver ounce.
The adjusted EBITDA was a $4 million loss, indicating ongoing financial challenges despite operational improvements.
The transition to EC 120 at Cosala led to a dip in base metal output, impacting overall revenue despite increased silver production.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

USA.TO - Americas Gold and Silver Corporation
Q2 2025 Americas Gold and Silver Corporation Earnings Call
Aug 11, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the America's Gold and Silver 2nd quarter 2025 conference call. This call will be recorded and will be available for viewing from the events page of our website later today. Now, without further ado, I'll pass the call over to America's Chairman and CEO Paul Hewitt, so that we can get started.

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Unidentified_2 [2]
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Thank you, Maxim.

Good morning, everyone. I'd like to welcome you to our 2nd quarter conference call.

With me today on the call will be our CFO Warren Varga, who will walk

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