Americas Gold & Silver (USAS) Operating Expenses (2016 - 2025)
Americas Gold & Silver (USAS) posted quarterly Operating Expenses of $57.1 million for Q4 2025, up 89.9% year-over-year from $30.1 million in Q4 2024, and up 764.01% quarter-over-quarter from -$8.6 million in Q3 2025.
Americas Gold & Silver (USAS) Operating Expenses (2016 - 2025) Analysis & Trends
Americas Gold & Silver (USAS) has reported Operating Expenses for 10 consecutive years, with $57.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses rose 89.9% year-over-year to $57.1 million; the TTM figure through Dec 2025 stood at $33.1 million (up 74.26% YoY), while the FY2025 annual figure was $34.7 million, up 82.61% from the prior year.
- Operating Expenses advanced to $57.1 million in Q4 2025 per USAS's latest filing, from -$8.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $57.1 million in Q4 2025 and bottomed at -$61.5 million in Q4 2023.
- Historically, Operating Expenses has averaged $1.2 million across 5 years, with a median of -$4.0 million in 2022.
- Annual changes were most pronounced in 2023 — Operating Expenses plunged 298.87% — and 2024, when it jumped 148.87%.
- Americas Gold & Silver's Operating Expenses stood at $46.7 million in 2021, then sank by 33.82% to $30.9 million in 2022, then slumped by 298.87% to -$61.5 million in 2023, then jumped by 148.87% to $30.1 million in 2024, then soared by 89.9% to $57.1 million in 2025.
- Business Quant data shows USAS's Operating Expenses at $57.1 million in Q4 2025, -$8.6 million in Q3 2025, and -$7.5 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | -63.62 Mn |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | 158.10 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | 15.85 Mn |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 49.21 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | 12.41 Mn |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | 44.73 Mn |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | 12.07 Mn |
| 10 | Americas Gold & Silver | 1.41 Bn | 1.28 Bn | 16.76 Mn | 67.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 57.09 Mn |
| Sep 30, 2025 | -8.60 Mn |
| Jun 30, 2025 | -7.50 Mn |
| Mar 31, 2025 | -7.91 Mn |
| Dec 31, 2024 | 30.06 Mn |
| Sep 30, 2024 | -3.34 Mn |
| Jun 30, 2024 | -3.63 Mn |
| Mar 31, 2024 | -4.11 Mn |
| Dec 31, 2023 | -61.52 Mn |
| Sep 30, 2023 | -3.74 Mn |
| Jun 30, 2023 | -3.98 Mn |
| Mar 31, 2023 | -4.14 Mn |
| Dec 31, 2022 | 30.94 Mn |
| Sep 30, 2022 | -2.66 Mn |
| Jun 30, 2022 | -3.98 Mn |
| Mar 31, 2022 | -5.06 Mn |
| Dec 31, 2021 | 46.75 Mn |
| Sep 30, 2021 | -8.61 Mn |
| Jun 30, 2021 | -5.51 Mn |
| Mar 31, 2021 | -5.76 Mn |