Financial Performance - Americas Gold and Silver (USAS) reported a second-quarter 2024 loss per share of 2 cents, which was better than the Zacks Consensus Estimate of a loss of 4 cents, and an improvement from a loss of 3 cents per share in the same quarter of 2023 [1] - Revenues for the quarter were approximately $31.6 million, reflecting a 31% increase year-over-year, driven by higher silver output and increased prices for silver, zinc, and lead [2] - The company's attributable cash costs rose to $12.42 per ounce of silver produced, compared to $10 per ounce in the second quarter of 2023, while all-in-sustaining costs increased to $19.58 per ounce from $16.78 [6] Production Metrics - Attributable silver production was 0.51 million ounces, down 12% from the second quarter of 2023, with zinc production decreasing by 7% to 8.87 million pounds and lead production down 25% to 4.4 million pounds [3] - The Galena Complex achieved silver production of around 5.6 million ounces, marking a 41% year-over-year increase and the highest output since 2013 [4] - The Cosalá Operations saw a significant decline in silver production, down 49% year-over-year to 1.7 million ounces, as the company shifted focus to higher-grade zinc mining [5] Cash Position - The company ended the second quarter with cash and cash equivalents of $3.6 million and a working capital deficit of $38.8 million, generating $2.3 million in cash from operating activities compared to a usage of $5.9 million in the same quarter of 2023 [7] Market Performance - Shares of USAS have decreased by 33.2% over the past year, contrasting with a 1% decline in the industry [8]

EX-99.1 2 usas_ex991.htm INTERIM FINANCIAL STATEMENTS AMERICAS GOLD AND SILVER CORPORATION Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2024 and 2023 (In thousands of U.S. dollars, unless otherwise stated, unaudited) Notice of No Auditor Review of Condensed Interim Consolidated Financial Statements Under National Instrument 51-102, Part 4, subsection 4.3(3) (a), if an auditor has not performed a review of the interim financial statements; they must be accom ...

EX-99.1 2 usas_ex991.htm FINANCIAL STATEMENTS EXHIBIT 99.1 For the three months ended March 31, 2024 and 2023 (In thousands of U.S. dollars, unless otherwise stated, unaudited) Notice of No Auditor Review of Condensed Interim Consolidated Financial Statements Under National Instrument 51-102, Part 4, subsection 4.3(3) (a), if an auditor has not performed a review of the interim financial statements; they must be accompanied by a notice indicating that the financial statements have not been reviewed by an au ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

EXHIBIT 99.1 AMERICAS GOLD AND SILVER CORPORATION Consolidated Financial Statements For the years ended December 31, 2023 and 2022 (In thousands of U.S. dollars, unless otherwise stated) Americas Gold and Silver Corporation (In thousands of U.S. dollars, unless otherwise stated) December 31, 2023 and 2022 CONTENTS | | Page | | --- | --- | | Management's Responsibility for Financial Reporting | 2 | | Independent Auditor's Report | 3 | | Consolidated Statements of Financial Position | 5 | | Consolidated State ...

Exhibit 99.1 AMERICAS GOLD AND SILVER CORPORATION Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2023 and 2022 (In thousands of U.S. dollars, unless otherwise stated, unaudited) Notice of No Auditor Review of Condensed Interim Consolidated Financial Statements Under National Instrument 51-102, Part 4, subsection 4.3(3) (a), if an auditor has not performed a review of the interim financial statements; they must be accompanied by a notice indicating that ...

Exhibit 99.1 AMERICAS GOLD AND SILVER CORPORATION Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 and 2022 (In thousands of U.S. dollars, unless otherwise stated, unaudited) Americas Gold and Silver Corporation Condensed interim consolidated statements of financial position (In thousands of U.S. dollars, unaudited) | | | June 30, | | December 31, | | --- | --- | --- | --- | --- | | As at | | 2023 | | 2022 | | Assets | | | | | | Current assets | | | | | | ...

Exhibit 99.1 AMERICAS GOLD AND SILVER CORPORATION Condensed Interim Consolidated Financial Statements For the three months ended March 31, 2023 and 2022 (In thousands of U.S. dollars, unless otherwise stated, unaudited) Notice of No Auditor Review of Condensed Interim Consolidated Financial Statements Under National Instrument 51-102, Part 4, subsection 4.3(3) (a), if an auditor has not performed a review of the interim financial statements; they must be accompanied by a notice indicating that the financial ...

For the years ended December 31, 2022 and 2021 (In thousands of U.S. dollars, unless otherwise stated) Americas Gold and Silver Corporation (In thousands of U.S. dollars, unless otherwise stated) December 31, 2022 and 2021 CONTENTS Exhibit 99.1 AMERICAS GOLD AND SILVER CORPORATION Consolidated Financial Statements | | Page | | --- | --- | | Management's Responsibility for Financial Reporting | 2 | | Independent Auditor's Report | 3 | | Consolidated Statements of Financial Position | 4 | | Consolidated State ...

Exhibit 99.1 AMERICAS GOLD AND SILVER CORPORATION Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2022 and 2021 (In thousands of U.S. dollars, unless otherwise stated, unaudited) Americas Gold and Silver Corporation Condensed interim consolidated statements of financial position (In thousands of U.S. dollars, unaudited) | | | September 30, | | December 31, | | --- | --- | --- | --- | --- | | As at | | 2022 | | 2021 | | Assets | | | | | | Current assets | ...