Americas Gold and Silver shareholders elect directors at annual meeting

TORONTO - Americas Gold and Silver Corporation (TSX:USA; NYSE American:USAS), a mining company with a market capitalization of $1.96 billion and a P/E ratio of 7.56, announced that shareholders approved all nominees for the company’s board of directors during its annual and special meeting held Tuesday in Toronto.

The seven director nominees listed in the management proxy circular dated May 15, 2025, received strong shareholder support, with approval rates ranging from 98.37% to 99.75%.

Shareholders also passed several ordinary resolutions, including the reappointment of PricewaterhouseCoopers LLP as auditors, and re-approval of the company’s Deferred Share Unit Plan, Share Unit Plan, and Stock Option Plan with amendments as described in the circular.

Additionally, a special resolution authorizing the consolidation of the company’s common shares was approved during the meeting.

Americas Gold and Silver operates mining assets in North America, including the Cosalá Operations in Mexico and the Galena Complex in Idaho, which it fully acquired in December 2024. According to the company’s press release statement, Eric Sprott is currently the largest shareholder with approximately 20% interest in the company.

In other recent news, Americas Gold and Silver Corporation reported a 5% increase in revenue for the full year of 2024, reaching $100.2 million, despite facing a net loss of $48.9 million. The company continues to focus on increasing its silver production, with plans to derive 80% of its revenues from silver by the end of 2025. Additionally, a $15 million financing deal was signed with Trafigura to support this strategic shift. The company aims to ramp up production at its Galena complex and transition to higher-grade silver-copper ore at its CoSLA operations. Analysts at Core Mark Securities have initiated research coverage on the company, highlighting its significant exposure to the silver market. Americas Gold and Silver is also making strides in reducing its liabilities, having decreased them by approximately $43 million. The company is optimistic about the future, with expectations to issue production guidance in April 2025. These developments reflect the company’s commitment to becoming a leading silver producer in a strong market environment.

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