Americas Gold and Silver Corporation (NYSE American: USAS) Reports 71% Revenue Growth and Strong EBITDA Turnaround in Q2 2026

• Americas Gold and Silver Corporation (NYSE American: USAS) reported Q2 2026 net revenue of approximately $46 million, representing a 71% increase year over year.
• Adjusted EBITDA improved to $12.0 million from an adjusted EBITDA loss of $4.1 million in the prior-year quarter.
• The company reported a net loss of $5.0 million, or $0.02 per share, although this was considerably narrower than its Q2 2025 loss.

Americas Gold and Silver Corporation (NYSE American: USAS) is a North American producer of silver and other critical minerals. Its principal operations include the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The company is also advancing the Crescent Mine and projects related to copper and antimony production.

On August 14, 2026, Americas Gold and Silver reported its financial results for the quarter ended June 30, 2026. Consolidated net revenue increased to approximately $46 million from $27.0 million in the same quarter of 2025, representing year-over-year growth of 71%. The increase was primarily attributable to higher realized metal prices. Revenue was below the cited analyst estimate of $49.89 million. 

The company reported a net loss of approximately $5.0 million, or $0.02 per share, compared with a net loss of approximately $15.0 million, or $0.06 per share, in Q2 2025. Adjusted earnings amounted to a loss of $0.9 million. 

Adjusted EBITDA, a non-IFRS financial measure, improved to approximately $12.0 million, or $0.04 per share, from an adjusted EBITDA loss of $4.1 million in the prior-year quarter. The improvement primarily reflected higher net revenue resulting from increased realized silver prices. Nevertheless, adjusted EBITDA should not be interpreted as net profitability because the company still recorded both a GAAP net loss and a small adjusted loss.

As of June 30, 2026, the company held $88.9 million in cash and cash equivalents and reported working capital of $48.6 million. During the quarter, it also settled approximately $76 million of variable silver and gold delivery obligations, reducing future cash debt-service requirements and simplifying its capital structure. A debt-to-equity ratio of 0.25 and a current ratio of 1.69 further indicate relatively limited balance-sheet leverage and adequate short-term liquidity, although these ratios alone do not provide a complete assessment of financial health.