Americas Gold & Silver USAS
NYSE USAS
$5.33 +0.13 (+2.46%)
As of: Sep 9, 2026 · 3:59 PM EDT

Americas Gold & Silver (USAS) Operating Expenses (2016 - 2026)

Americas Gold & Silver's (USAS) quarterly Operating Expenses came in at -$9.1 million in Q2 2026, down 29.31% year-over-year from -$12.8 million in Q2 2025, and down 1.18% quarter-over-quarter from -$9.0 million in Q1 2026.

Analysis

Americas Gold & Silver (USAS) Operating Expenses (2016 - 2026) Analysis & Trends

Americas Gold & Silver (USAS) has reported Operating Expenses for 11 consecutive years, with -$9.1 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 29.31% year-over-year to -$9.1 million in Q2 2026; TTM through Jun 2026 was $12.3 million, a 335.69% increase from a year earlier, with the FY2025 full-year figure at $24.3 million, up 63.22% from the prior year.
  • Operating Expenses was -$9.1 million for Q2 2026 at Americas Gold & Silver, down from -$9.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $22.6 million in Q4 2025 and troughed at -$15.0 million in Q3 2022.
  • A 5-year average of -$2.0 million and a median of -$3.1 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses slumped 293.09% in 2022 and surged 323.5% in 2024, its largest moves.
  • Over 5 years, Operating Expenses stood at -$3.4 million in 2022, then gained by 7.16% to -$3.1 million in 2023, then surged by 323.5% to $7.0 million in 2024, then surged by 224.21% to $22.6 million in 2025, then sank by 140.04% to -$9.1 million in 2026.
  • The last three Operating Expenses figures came in at -$9.1 million (Q2 2026), -$9.0 million (Q1 2026), and $22.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Coeur Mining 21.60 Bn 20.55 Bn 535.85 Mn 869.08 Mn
2 Pan American Silver 20.16 Bn 18.60 Bn 457,000.00 -18,000.00
3 Hecla Mining 13.94 Bn 13.46 Bn 332.52 Mn 188.15 Mn
4 First Majestic Silver 10.14 Bn 8.89 Bn 223.62 Mn 16.17 Mn
5 Endeavour Silver 3.15 Bn 2.92 Bn 74.00 Mn 28.60 Mn
6 Silvercorp Metals 2.75 Bn 2.37 Bn 104.04 Mn 2.68 Mn
7 Americas Gold & Silver 1.43 Bn 1.34 Bn 22.23 Mn -9.06 Mn
8 Vizsla Silver 1.39 Bn 1.39 Bn - -2.26 Mn
9 New Pacific Metals 1.05 Bn 1.05 Bn - -1.58 Mn
10 Santacruz Silver Mining 935.33 Mn 868.31 Mn 51.14 Mn -13.37 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -9.06 Mn
Mar 31, 2026 -8.96 Mn
Dec 31, 2025 22.64 Mn
Sep 30, 2025 7.64 Mn
Jun 30, 2025 -7.01 Mn
Mar 31, 2025 -7.78 Mn
Dec 31, 2024 6.98 Mn
Sep 30, 2024 2.60 Mn
Jun 30, 2024 -2.61 Mn
Mar 31, 2024 -2.67 Mn
Dec 31, 2023 -3.12 Mn
Sep 30, 2023 -2.79 Mn
Jun 30, 2023 -3.12 Mn
Mar 31, 2023 -3.01 Mn
Dec 31, 2022 -3.37 Mn
Sep 30, 2022 -14.96 Mn
Jun 30, 2022 -2.97 Mn
Mar 31, 2022 -3.74 Mn
Dec 31, 2021 -3.73 Mn
Sep 30, 2021 -3.81 Mn