North America's Americas Gold and Silver Q3 revenue rises 68% on record silver output

Overview

• North America silver miner's Q3 revenue rose 68% yr/yr on record silver production

• Company reported Q3 adjusted loss per share of $0.02 and net loss of $5.6 mln

• Operational gains driven by higher silver grades at Cosalá and recovery at Galena

Outlook

• Company expects 2026 silver production at the low end of 3.2-3.6 mln oz guidance

• Americas Gold and Silver sees 2026 AISC at the high end of $30-$35/oz guidance

• Company plans 2026 capital investments of $90-$120 mln, including $15-$20 mln for exploration

Result Drivers

• COSALÁ GRADES - Higher silver grades at Cosalá, especially from EC120, drove a 28% yr/yr increase in silver production

• GALENA RECOVERY - Galena Complex production improved as operations recovered from prior quarter interruptions and advanced long-hole mining projects

• HIGHER REALIZED PRICES - Revenue growth was supported by higher realized silver prices during the quarter

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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$12.00, about 201.5% above its November 12 closing price of C$3.98

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads

• Nov 12 - Canada's Aya Gold & Silver Q3 revenue rises on higher production

• Nov 12 - UK's Endeavour Mining Q3 profit rises; see FY output at lower end of view

• Nov 12 - Canada's DPM Metals Q3 revenue rises on higher realized metal prices, GEO sales

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)