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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |