Americas Gold & Silver Corp (USAS) Form 6-K — May 14, 2026
Americas Gold & Silver reported a strong Q1-2026 financial turnaround, posting a net income of $10.0 million compared to a $19.7 million loss in the prior year, driven by record silver production of 787,000 ounces and a 187% increase in revenue to $67.8 million. Despite the operational success and $122.4 million cash balance, the filing includes explicit going concern language, stating that material uncertainties cast substantial doubt on the company's ability to continue as a going concern due to liquidity risks and debt covenant compliance.
Key figures
- Eps
- 0.03
- Revenue
- 67799000
- Guidance
- 3.2-3.6M oz silver production; $30-$35 AISC; $90-$120M CapEx
- Net Income
- 9982000
- Revenue Yoy
- 187%
- Cash Position
- 122429000
- Aisc Per Oz
- 34.12
- Credit Facility
- 5800000
- Cost Of Sales Per Oz
- 25.42
- Silver Produced Oz
- 786925
- Term Loan Facility
- 53191000
- Metals Contract Liability
- 40568000
- Silver Contract Liability
- 41440000
- Silver Equivalent Produced Oz
- 908842
AI analysis
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