Americas Gold and Silver Corporation (USAS)

NYSE: USAS · Metal Mining · Toronto, ON · filing with the SEC since 2004

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Grade4.8

◀ Past 5.0● Present 4.2▶ Future 5.1

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Americas Gold and Silver Corporation

Nine metrics read from its own filings, by tense

Headline grade

4.8/10

◀ Past5.040% of the headline

● Present4.235% of the headline

▶ Future5.125% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

6.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 68th percentile among 44 sector filers · read for itself

From the record

Americas Gold and Silver Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.7/10

What has it actually done, year after year?

+8% a year over 10 filed years; profitable in 0 of 8.

weight 33% of this tense · 47th percentile among 22 sector filers · read for its customers

From the record

Americas Gold and Silver Corporation's 10 filed years say what it did: revenue went from $59 million in fiscal 2016 to $118 million in fiscal 2025, up 8% a year; it rose in 6 of 9 years; the deepest fall was 59% from fiscal 2018 to fiscal 2020; net income was positive in 0 of 8 of those years (its annual reports).

What it rests on

revenue growth over the filed span8.0%top 37% of its family
the share of years revenue rosetop 31% of its family
the share of filed years with a profitbottom 19% of its family
the deepest fall from a revenue peak59.2%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.6/10

How has it treated the people who own it?

SI estimate 1.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 16th percentile among 35 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 16% of 35 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 35 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Americas Gold and Silver Corporation's shareholder treatment is put at 1.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 16% of 35 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

3.1/10

Is it financially healthy right now?

ROE -39%: lost 39¢ per shareholder dollar. Leverage 46%: owes 46¢ per asset dollar.

weight 45% of this tense · 31st percentile among 35 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Americas Gold and Silver Corporation lost about 39 cents for every dollar of shareholders' money, and gross profitability: its products earned about 8 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 46 cents per dollar of assets, and net share issuance: its share count grew 152.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 50% of its family
return on equitybottom 23% of its family
gross profit against assetsbottom 47% of its family
the share count against the year beforebottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.2/10

How strong is its position in its industry?

top 48% of 24 in its family; net margin -74.1%.

weight 33% of this tense · 52nd percentile among 24 sector filers · read for its customers

From the record

Americas Gold and Silver Corporation's standing among 24 graded names in its industry family: revenue of $118 million in fiscal 2025 ranks in the bottom 46% by size; a net margin of -74.1% ranks in the bottom 35%; revenue growth of 11.5% a year over the last 3 filed years ranks in the top 24% (its annual reports).

What it rests on

revenue against the family$118Mbottom 46% of its family
net margin-74.1%bottom 35% of its family
three-year revenue growth11.5%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 19 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 19 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 19 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Americas Gold and Silver Corporation's leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 19 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.1/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.8/10

How much room does it have to grow?

bottom 48% of 20 in its family for room to expand.

weight 22% of this tense · 48th percentile among 20 sector filers · read for itself

From the record

Americas Gold and Silver Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $130 million against no long-term debt tagged leaves 31.4% of its assets as net cash, top 20% of its family; cash from operations less capital spending is -62.1% of revenue (bottom 29%); a gross margin of 28% (bottom 34%) (its annual report).

What it rests on

cash less debt against assets31.4%top 20% of its family
cash from operations less capital spending against revenue-62.1%bottom 29% of its family
gross margin28.0%bottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

8.3/10

What could actually drive growth from here?

top 16% of 21 in its family for growth drivers.

weight 33% of this tense · 84th percentile among 21 sector filers · read for its customers

From the record

Americas Gold and Silver Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 11.5% a year over the last three filed years against 8% over all 10, speeding up (top 17% of its family); the newest year grew 17.7% (top 22%); capital spending grew 52.3% a year (top 9%) (its annual reports). Americas Gold and Silver Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+3.5 points a yeartop 17% of its family
the newest year's revenue growth17.7%top 22% of its family
three-year growth of capital spending52.3%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.0/10

Did its newest year beat what its own record pointed to?

bottom 30% of 18 in its family for expectations against reality.

weight 45% of this tense · 30th percentile among 18 sector filers · read for its shareholders

From the record

Americas Gold and Silver Corporation's newest year against its own record: revenue of $118 million in fiscal 2025 came in 8.4% above the $109 million its prior three years' pace pointed to (top 50% of its family); net income of $87 million against a prior three-year average of $41 million (bottom 19%); a net margin of -74.1% against -44.1% before (bottom 19%) (its annual reports).

What it rests on

revenue against the prior three years' pace8.4%top 50% of its family
net income against the prior three years' average-113%bottom 19% of its family
net margin against its prior average-30.0 pointsbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton USAS · research, not advice