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USASBearishEarningsnews
Materiality pending

Americas Gold and Silver (USAS) Q1 Earnings Miss, Down Y/Y

May 16, 2024, 2:29 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Americas Gold and Silver reported a loss per share of 7 cents, missing estimates. - Revenues dropped 12% due to lower silver and lead production. - Attributable silver production decreased by 4% compared to the previous year. - Cash and cash equivalents were $3.9 million with a working capital deficit of $29 million. - USAS shares declined 32.6% in the past year against the industry's growth. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Americas Gold and Silver reported a loss per share of 7 cents, missing estimates.
  • Revenues dropped 12% due to lower silver and lead production.
  • Attributable silver production decreased by 4% compared to the previous year.
  • Cash and cash equivalents were $3.9 million with a working capital deficit of $29 million.
  • USAS shares declined 32.6% in the past year against the industry's growth.

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