$USAS

Third-quarter results from metal producers show higher metal prices impacting earnings. Freeport-McMoRan (FCX) reported $1.2B net income, Nucor (NUE) $1.32B, Kaiser Aluminum (KALU) $31M, and ATI (ATI) $190M. U.S. metal production has increased compared to last year, with steel up 5.3% and aluminum up 2.3%. Trade policy changes, including tariffs, have influenced the sector.

Americas Gold & Silver reported record silver production of 800,458 ounces in Q3 2026, with Cosalá contributing 415,879 ounces, up 23% from Q2. Drilling at Cosalá yielded high-grade silver and copper. The company is optimizing recovery rates, targeting 90% with a third mill. Management funds growth from operating cash flow, citing past success at Karora.

Americas Gold and Silver Corporation (TSX: USA, NYSE American: USAS) will release Q3 2026 results before markets open on November 13, 2026, followed by a conference call at 11:00 a.m. Eastern Time. The company produces silver and critical minerals supporting AI, electrification, and advanced manufacturing.

Americas Gold and Silver (USAS) fell 11%, Coeur Mining (CDE) 8%, Wheaton Precious Metals (WPM) 6%, and Pan American Silver (PAAS) 6% as silver prices dropped. The decline followed attacks in the Strait of Hormuz, pushing oil prices higher and increasing bets on a December Fed rate hike. Americas Gold and Silver reported record quarterly silver output but has negative operating margins since 2021, making it vulnerable to silver price declines.

H.C. Wainwright reiterated a Buy rating and $9.25 price target on American Silver Corp. (NYSE:USAS) after record quarterly production. The stock trades near its 52-week low at $5.91. American Silver produced 800,458 ounces of silver and plans reinvestment in Galena. Analysts expect profitability this year. H.C. Wainwright adjusted its target from $9.75 due to dilution.

Americas Gold and Silver Corporation reported record silver sales of 860,850 ounces in Q3 2026, surpassing production of 800,458 ounces. The company also sold 1.4 million pounds of lead, 928,967 pounds of copper, and 121,691 pounds of antimony. CEO Paul Andre Huet highlighted strong operational performance and progress on capital projects. The company expects full-year silver production of 3.2 to 3.6 million ounces.

The silver market is projected to face a 46.3 million ounce deficit in 2026, marking the sixth consecutive year of supply shortfall, according to The Silver Institute and Metals Focus. GoldHaven Resources Corp. has begun drilling at its D Zone in British Columbia, targeting high-grade silver-lead-zinc mineralization. Other silver producers, including First Majestic Silver Corp. and Endeavour Silver Corp., reported mixed third-quarter production results.

Americas Gold and Silver Corporation (TSX: USA, NYSE: USAS) reports expanding silver production and new discoveries at its Galena Complex in Idaho. The company aims to produce 3.2M-3.6M ounces of silver this year, with recent high-grade vein discoveries and increased capital deployment. Galena also produces antimony, crucial for the U.S. war effort since 1942, and is developing a processing facility with United States Antimony Corporation.

Americas Gold and Silver Corporation (TSX: USA, NYSE American: USAS) announced high-grade silver assays from its Galena Complex, including a new vein discovery grading 1,062 g/t Ag. The findings, part of the company's largest exploration drilling program, show significant upside potential for future mine plans. CEO Paul Andre Huet highlighted the discovery's proximity to mining operations and the potential for further expansion.

Americas Gold and Silver (TSX: USA, NYSE: USAS) reported high-grade silver and copper drill results at its Cosalá Complex in Mexico, with notable intercepts like 654.7 g/t Ag and 1.5% Cu. The results exceed previous grades and may boost future mine plans, according to the company. The drilling is part of an ongoing resource conversion program, with results expected to be included in the 2027 resource estimate.