Americas Gold and Silver(USAS) - 2023 Q4 - Annual Report

Recapitalization and Production Plans - The Company is focused on the Recapitalization Plan at the Galena Complex, aiming to significantly grow resources, increase production, and reduce operating costs[18] - Expected production levels at the Cosalá Operations are targeted to improve, with a focus on higher-grade silver ores[18] - The Company anticipates capital expenditures for the EC120 Project, with expectations for approvals and financing availability[18] Compliance and Reporting - The Company has not prepared a technical summary in compliance with S-K 1300, which may incur unforeseen costs associated with compliance[22] - The Company qualifies as an "emerging growth company" and will continue to benefit from certain exemptions from reporting requirements[24] - The Company’s financial statements are prepared in accordance with IFRS, supplemented by non-GAAP financial measures for internal performance assessment[32] Risks and Challenges - The Company faces risks related to market fluctuations in commodity prices and geopolitical instability, which may impact financial conditions[19] - The Company is subject to operational risks at its mining properties, including the San Rafael project, Galena Complex, and Relief Canyon mines[19] - The Company may need additional capital in the future and could face challenges in obtaining it on favorable terms[19] - The Company does not undertake to update any forward-looking statements unless required by applicable securities laws[20]