Americas Gold and Silver reports FY23 EPS (16c), two estimates (13c)

Reports FY23 revenue $89.6M vs $85M last year. “Silver production during 2023 increased by 56% year-over-year which represents the Company’s first step in increasing its production to more silver-copper mineralization at the Company’s two producing mines,” stated Americas President and CEO Darren Blasutti. “The Company expects healthy silver production growth in 2024 and a further step change in 2025 as it brings on its silver-copper EC120 Project at the Cosala Operations and finishes the maintenance on the Galena shaft. The Company is also encouraged by the impressive high-grade, silver-copper mineralization that it has recently drilled near infrastructure at the Galena Complex which could positively impact production both near and longer term.”