Core Viewpoint - Americas Gold and Silver (USAS) reported a wider adjusted net loss in 2024 compared to the previous year, primarily due to increased costs despite higher revenues from silver and zinc prices [1][2]. Financial Performance - The adjusted net loss for 2024 was $33.7 million, compared to a loss of $28.4 million in 2023 [1]. - The net loss for 2024 was $48.9 million, up from $38.2 million in 2023, influenced by higher foreign exchange losses and increased tax expenses [2]. - Adjusted loss per share was 13 cents, wider than the Zacks Consensus Estimate of 11 cents [1]. - The company posted a loss per share of 17 cents in 2024, compared to a loss of 16 cents per share in 2023 [3]. Revenue and Production - Revenues were approximately $100 million in 2024, a 5% increase from the prior year, driven by a 20% rise in silver prices and a 7% increase in zinc prices [4]. - The company’s attributable silver production was 1.7 million ounces in 2024, down 15% from 2023, with zinc and lead production also declining [6]. - Silver equivalent production was 3.7 million ounces, 19% higher than the previous year, mainly due to higher prices [6]. Operational Insights - The Galena Complex produced around 1.5 million ounces of silver in 2024, a decrease from 1.6 million ounces in 2023 [7]. - The Cosalá Operations saw a 25% year-over-year decline in silver production to 0.825 million ounces [8]. - The company expects an increase in silver production in 2025 as it progresses with the EC120 Project [10]. Cost Structure - Attributable cash costs were $17.41 per ounce of silver produced in 2024, up from $13.21 per ounce in 2023 [11]. - All-in-sustaining costs rose to $28.13 per ounce of silver produced compared to $20.44 per ounce in the prior year [11]. - Adjusted EBITDA was a loss of $1.5 million in 2024, slightly worse than the loss of $1.4 million in 2023 [12]. Cash Position - The company ended 2024 with cash and cash equivalents of $20 million and a working capital deficit of $28.7 million [13]. - Operating activities consumed $5.9 million in cash during the year [13]. Stock Performance - Shares of USAS surged 150% over the past year, contrasting with a 9.5% decline in the industry [14].