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Miner producing silver and base metals from underground mines in Idaho, US and Mexico.
Miner producing silver and base metals from underground mines in Idaho, US and Mexico.
Sells concentrates from its mines to smelters and traders, who pay for the metal contained, mainly silver, less processing charges, so income follows the silver price. Operations rest on two underground sites, Galena in Idaho and Cosala in Mexico, and it is working to raise output at Galena.
In one line: A small US/Mexico silver miner..
Moat: none (installed base). Small underground producer without a structural cost or resource advantage.
Headquarters: Toronto, Canada · Employees: 659
Size Americas Gold and Silver (USA.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $1.05B, the 245th largest of 420 Canada companies the cockpit tracks. Shares closed at C$4.34 on 6 Nov 2026.
Performance Over six months the shares fell 50.2%, against -18.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 86.1% over the last twelve months (peer median +26.1%); the operating margin is 19.1% (peer median 20.5%).
Valuation It trades at 14.9× forward earnings against a peer median of 12.2× (4th most expensive of 10).
Capital Return on invested capital runs 4.7 points below its cost of capital (14.3% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$256M | C$164M | C$135M | C$127M | C$108M |
| Revenue growth | — | +22% | +6% | +17% | — |
| Gross profit | C$91.1M | C$6.45M | -C$20.4M | -C$15.6M | -C$19.2M |
| EBITDA | C$80.7M | -C$2.97M | C$1.27M | C$1.67M | -C$3.04M |
| Net income | -C$67.4M | -C$122M | -C$61.7M | -C$47.2M | -C$56.1M |
| Free cash flow | -C$97.3M | -C$102M | -C$30.0M | -C$28.3M | -C$27.1M |
| Capital expenditure | C$159M | C$96.7M | C$25.8M | C$26.9M | C$25.5M |
| Total debt | C$79.1M | C$81.1M | C$34.5M | C$31.4M | C$21.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Americas Gold and Silver USA.TO | $1.05B | -50% | +86% | 19% | 14.9× | n/a |
| First Majestic Silver AG.TO | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% |
| Coeur Mining CDE | $15.9B | -17% | +117% | 35% | 12.1× | 10.9% |
| Hecla Mining HL | $9.90B | -21% | +30% | 48% | 18.1× | 8.0% |
| Lundin Gold LUG.TO | $17.0B | +7% | +36% | 65% | 16.0× | 9.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | USA.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.9% | -15.9% | 3rd lowest of 21 |
| 6-month return | -50.2% | -18.1% | 2nd lowest of 20 |
| Distance from 52-week high | -69.3% | -39.2% | 2nd lowest of 21 |
| Revenue growth (TTM) | +86.1% | +26.1% | 3rd highest of 16 |
| Operating margin | 19.1% | 20.5% | 8th lowest of 16 |
| Forward P/E | 14.9× | 12.2× | 4th most expensive of 10 |
| ROIC minus cost of capital | -4.7 pp | -2.6 pp | 9th lowest of 18 |
| EV / EBITDA | 17.6× | 7.1× | 4th most expensive of 11 |
| Net debt / EBITDA | -0.6× | 0.6× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Americas Gold and Silver USA.TO | Canada | $1.05B | -50% | +86% | 19% | 14.9× | n/a | n/a |
| Jain Resource Recycling JAINREC.NS | India | $1.05B | -43% | +48% | 5% | 23.4× | n/a | n/a |
| Zimplats ZIM.AX | Australia | $1.06B | -15% | +50% | 33% | n/a | -15.0% | +1.1% |
| Xizang Zhihui Mining 2546.HK | Hong Kong | $1.08B | +8% | +104% | 28% | n/a | 32.8% | +6.0% |
| TMC TMC | United States | $1.00B | -60% | n/a | n/a | n/a | n/a | n/a |
| Jinchuan Group International Resources 2362.HK | Hong Kong | $997M | +4% | +65% | 22% | 2.0× | -2.2% | -1.8% |
| Londian Wason New Energy Tech, Inc. Unsponsored ADR FOIL | United States | $1.11B | n/a | +25% | 5% | 13.3× | n/a | n/a |
| AMG Critical Materials AMG.AS | Netherlands | $988M | -41% | +12% | 7% | 11.9× | 0.2% | +13.0% |
| Alphamin Resources AFM.V | Canada | $1.12B | -15% | +45% | 54% | 4.1× | n/a | n/a |
| Zhejiang Tony Electronic 603595.SS | China | $960M | +52% | +5% | -12% | n/a | n/a | n/a |
| Uranium Royalty UROY | United States | $1.16B | -24% | +1,570% | 27% | n/a | 17.4% | +161.8% |
| Jiangxi Jiangnan New Material Technology 603124.SS | China | $1.16B | -37% | +19% | 3% | 18.6× | n/a | n/a |
| Collective Mining CNL.TO | Canada | $1.17B | -22% | n/a | n/a | n/a | n/a | n/a |
| Gravita India GRAVITA.NS | India | $1.17B | -17% | +24% | 8% | 24.7× | n/a | n/a |
| Metals X MLX.AX | Australia | $934M | -11% | +26% | 53% | 7.2× | -10.3% | +31.2% |
| Eramet ERA.PA | France | $1.19B | -38% | 0% | -1% | n/a | n/a | n/a |
| Solaris Resources SLS.TO | Canada | $1.19B | -28% | n/a | n/a | n/a | n/a | n/a |
| Sandur Manganese & Iron Ores SANDUMA.NS | India | $914M | -18% | +21% | 20% | n/a | 13.8% | +46.8% |
| Osisko Metals OM.TO | Canada | $911M | -16% | n/a | n/a | n/a | n/a | n/a |
| Amerigo Resources ARG.TO | Canada | $910M | +24% | +54% | 41% | 12.2× | 3.8% | +13.4% |
| Faraday Copper FDY.TO | Canada | $1.21B | -18% | n/a | n/a | n/a | n/a | n/a |