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Rank #35 · NYSE:USA
Mid-Tier Producer · Primary: Silver · Also: Gold
United States · Jurisdictions: Mexico, United States
Canonical listing price
$4.36
+2.83%(+0.12 USD)
Updated 10/9/2026, 1:30:00 PM
Price data: Twelve Data
Silver · Mid-Tier Producer
vs Silver
1M -6.2 pp·3M +15.7 pp
vs SIL
1M -4.6 pp·3M -9.0 pp
1M vs Silver Miners group: -1.3 pp
Jurisdiction: Mexico, United States · Market cap rank-only (licensing)
Close-based returns and relative performance in percentage points vs mapped metal/ETF. Not a buy/sell signal or price target.
Next report
Reporting calendar →FY2026 · Expected window 2028-03-20 → 2028-04-11
Expected window 2028-03-20 → 2028-04-11 (FY2026).
Valuation
Current market multiples relative to reported TTM financials. Peer context uses the Mining 50 Silver · Mid-Tier Producer group. Not fair value, price targets, or investment advice.
Historical Valuation
Historical valuation unavailable
Historical share price is unavailable for one or more filing dates.
Balance Sheet & Capital Allocation
Annual FY trends from certified filing data. Descriptive direction and magnitude only — not a quality score or investment recommendation.
Cash
$129.78M
+$109.78M YoY (+548.9%)
Debt
$18.80M
+$7.69M YoY (+69.2%)
Net Debt
Net Debt: $15.90M
+$8.25M YoY (+108.0%)
Share Count
320.4M
-274.0M shares YoY (-46.1%)
3-year share count change: +56.7% over 3 years
Capex / Revenue
58.7%
Prior year: 18.8%
FCF Conversion
FCF $-73.2M · OCF $-3.9M
Non-positive operating cash flow — ratio withheld
FCF (FY)
$-73.19M
$-51.27M YoY (-233.9%)
Cash Build
Cash increased $109.78M (+548.9%) versus the prior year.
2024-12-31 → 2025-12-31
Share Count Change
Shares outstanding decreased 46.1% year over year.
2024-12-31 → 2025-12-31
Higher Capex
Capital expenditures increased from $18.85M to $69.24M.
2024-12-31 → 2025-12-31
Operating Performance
Annual FY revenue, cash flow, capex, and margins from certified filing data. Descriptive trends only — not a quality score or investment recommendation.
Revenue
$117.93M
+$17.75M YoY (+17.7%)
Operating Cash Flow
$-3.94M
-$877,000 YoY (-28.6%)
Free Cash Flow
$-73.19M
$-51.27M YoY (-233.9%)
Capex
$69.24M
+$50.39M YoY (+267.3%)
3-year revenue change: +38.7% over 3 years
OCF Margin
-3.3%
Prior year: -3.1%
Change: -0.3 pp
FCF Margin
-62.1%
Prior year: -21.9%
Change: -40.2 pp
Capex / Revenue
58.7%
Prior year: 18.8%
Free Cash Flow Decline
Free cash flow declined $51.27M (-233.9%) versus the prior comparable period.
2024-12-31 → 2025-12-31
Higher Capital Spending
Capital expenditures increased from $18.85M to $69.24M.
2024-12-31 → 2025-12-31
FCF Margin Decline
Free cash flow margin moved from -21.9% to -62.1% (-40.2 pp).
2024-12-31 → 2025-12-31
Fundamental Changes
Deterministic changes from certified financial metrics. Descriptive only — not a quality score or investment recommendation.
Latest filing period: 5 material changes · 6 operating · 1 balance-sheet · 5 capital-allocation
FY2025 · Filed Apr 2, 2026
Cash Build
Cash increased $109.78M (+548.9%) versus the prior year.
Official filing sourceShare Count Change
Shares outstanding decreased 46.1% year over year.
Official filing sourceFree Cash Flow Decline
Free cash flow declined $51.27M (-233.9%) versus the prior comparable period.
Official filing sourceFCF Margin Decline
Free cash flow margin moved from -21.9% to -62.1% (-40.2 pp).
Official filing sourceHigher Capex
Capital expenditures increased from $18.85M to $69.24M.
Official filing sourceFY2024 · Filed Mar 31, 2025
Share Count Change
Shares outstanding increased 139.9% year over year.
Official filing sourceFY2023 · Filed Apr 30, 2024
Share Count Change
Shares outstanding increased 21.2% year over year.
Official filing sourceFY2022 · Filed Apr 30, 2024
Operating Cash Flow Increase
Operating cash flow increased $49.77M (+97.7%) versus the prior comparable period.
Official filing sourceModules: mtf-trend, momentum, relative-strength · Last calculated: 10/12/2026, 10:41:35 AM
Price data provided by Twelve Data. Charts provided by TradingView. Grey Rabbit Scores and analysis are proprietary to Grey Rabbit Markets.
Silver · Mid-Tier Producer · factual only
| Company | Market Cap | Production | AISC | Net Debt / Cash |
|---|---|---|---|---|
| Americas Gold and Silver Corporation(USA) | $1.40B | 3.40 Moz | $32.95/oz | $74.11M |
| First Majestic Silver Corp.(AG) | — | 55.0 koz | $16.5/oz | $70.00M |
| Hecla Mining Company(HL) | — | 155.0 koz | $1,400/oz | $400.00M |
| Silvercorp Metals Inc.(SVM) | — | 9.8 koz | $11.49/oz | $272.30M |
Sorted by market cap then name — not a ranking. Comparable curated fields only.
Multi-period filing history is available on Pro. Latest TTM P&L above is public.
Derived: eligible price × ADR-aware shares · Americas Gold and Silver Corporation · Derived: Debt − Cash · Through 2026-03-01 · Coverage 6/8 key fields · not live filing scrape · Filing-backed TTM P&L from SEC companyfacts (cached — not live scrape)
Periods: YE 2025 issued & outstanding (320,419 thousand post 2.5:1 consolidation) · YE 2025 · FY 2026 Ag production guidance · FY 2025 AISC per oz Ag · 2025-12-31
MINING50-MARKETCAP-1.0 · MINING50-NETDEBT-1.0 · MINING50-TTM-1.0 · MINING50-FCF-1.0 · MINING50-FCF-MARGIN-1.0
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