USAS
Americas Gold and Silver Corporation

Americas Gold and Silver CorporationUSAS

Basic Materials · Other Industrial Metals & Mining
3.19USD
+5.98%
Oct 28, 2026
USAS overview ready
North American Primary Silver Producer Levered to Silver Prices and Output
Direct silver producer with operating North American mine exposure; its results are materially levered to silver prices, silver-equivalent output, recoveries, and mine execution.
Narrative is still early
Exposed to the Silver Supply Constraints and Strategic Demand narrative through Primary Silver Production and Mine-Supply Scarcity — pure play.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of reclaim attempt.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Commodity price volatility.
Market Oct 27Price action Aug 9Research Jul 17

Conviction Level

CompanyFit8.0PriceAction6.0Valuation3.0CompanyPosition7.3BusinessQuality—

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
Precious Metals has only one or two eligible stocks — no leadership reading
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$1.0B
Avg Volume (60D)
3.7M
60 sessions
Revenue Growth YoY
+88.0%
Trailing twelve months
Gross Margin
+49.1%
Operating Margin
+19.2%
Trailing twelve months
Free Cash Flow Yield
-7.9%
EV / EBITDA
21.3x
EV / Sales
5.4x
Market metrics as of Oct 27, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Americas Gold and Silver Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
Direct silver producer with operating North American mine exposure; its results are materially levered to silver prices, silver-equivalent output, recoveries, and mine execution. USAS is a small-cap precious- and base-metals miner rather than a generic mining-equipment or materials story.
Opportunity
High opportunity
A constrained and relatively inelastic primary-silver supply base intersects with demand from photovoltaics, electrification, industrial applications, and investment demand for precious metals.
Key risk
Commodity price volatility.

Economic classification

Loading the economic classification…

Business & Markets

Basic Materials · Other Industrial Metals & Mining
What they do

Americas Gold and Silver Corporation explores, develops, and produces mineral properties primarily in the Americas, focusing on precious and base metals mining.

How it earns

The company generates revenue through the sale of mined metals including gold, silver, zinc, and lead.

Products & services
Gold
Silver
Zinc
Lead
Customers & end markets
Precious metals buyers
Industrial metals consumers
Market position

Operates as a mid-tier mining company within the precious and base metals sector.

Demand drivers
High cyclicality

Mining revenues are highly sensitive to commodity price fluctuations and global economic cycles.