08:34 AM EDT, 03/27/2025 (MT Newswires) -- Americas Gold and Silver ( USAS ) was last seen up 2.5% in premarket New York trading after the company on Thursday said its 2024 loss widened on non-cash charges.

The company posted a net loss of US$48.89 million, or US$0.17 per share, last year, compared with a 2023 loss of US$38.95 million, or US$0.16. Its adjusted loss for the year, excluding most one-time items, was US$33.7 million, compared with a loss of US$28.4 million. Quarterly results were not disclosed.

The widened loss came as the company posted a US$3.5-million charge for a change in the value of its foreign-exchange holdings, after posting a small gain for the holdings in 2023. It also took a US$10.7-million loss for a metals contract liability after reporting a US$3.4-million loss for the category a year earlier.

Revenue rose 5.3% to US$100.89 million from US$95.16 million, a gain it attributed to higher prices from precious metals.

The company noted its increased its stake in Idaho's Galena Complex last year, acquiring mining investor Eric Sprott's 40% stake in the property for shares.

"The consolidation of the Galena Complex in Idaho's prolific Silver Valley region is a major milestone for Americas Gold and Silver ( USAS ). The Galena consolidation not only increased the Company's ownership of the asset to 100%, but it also aligned the interests of our shareholders with the addition of legendary mining investor Eric Sprott as the Company's single largest shareholder with a 20%+ interest," chief executive Paul Andre Huet noted.

The company's silver production dropped to 1.7-million ounces in 2024, down from 2.0-million ounces. It expects its output to rise this year as it mines higher-grade ores and continues development of the EC120 Project at the Galena complex.

Americas Gold and Silver ( USAS ) shares were last seen up US$0.013 to US$0.55 premarket. They closed down $0.05 to $0.77 Wednesday on the Toronto Stock Exchange.