Americas Gold and Silver Corporation

USAS

Industrial Materials · Basic Materials

Price

$5.39

+0.14 (+2.67%)

Market Cap

$1.82B

Exchange

United States

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Weak

Stability

Strong

Valuation

Data not available

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Share count rising — dilution

+371.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 56.8M (2021) → 267.3M (2025)

Winston Score History

The full picture

Americas Gold and Silver Corporation is a mining company that digs silver and gold out of the ground. It also produces copper and zinc as byproducts. The company sells these metals to refiners and industrial buyers, and its main operating mine is the Relief Canyon Mine in Nevada, along with the Cosalá Operations in Mexico.

The company earns money by selling physical metals at market prices, so its revenue rises and falls with commodity prices. It operates primarily in the United States and Mexico, making it a small-cap miner with limited geographic diversification. The biggest risk the company faces is its heavy dependence on silver and gold spot prices — when metal prices drop, profit margins can shrink quickly, and with a relatively low ROIC of 3.7%, the business has limited cushion to absorb prolonged price weakness.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+77.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+37.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

19.7%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~19 months

$96M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue accelerating

Americas Gold and Silver Corporation grew revenue 78% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

33.6%

Modest — 33.6% gross margin

Profit after running costs

Operating Margin

18.2%

Healthy — 18.2% operating margin

Return on the money invested

ROCE

9.3%

Below par — 9.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+83.2%

Fast-growing sales (+83.2% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-38.1%

Burning cash (-38.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.18

Conservative — low debt load (0.18)

Covers its interest

Interest Cover

6.15x

Adequate interest coverage (6.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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