Americas Gold And Silver Reports Q3 Earnings

Americas Gold and Silver Corporation reported a 31% rise in Q3-2024 revenue to $21.0 million but faced a net loss of $16.1 million due to increased fair value losses on gold contracts. The company successfully acquired the remaining interest in its Galena Complex and appointed a new CEO, aiming to boost silver production significantly by 2025. Meanwhile, analyst sentiment around gold remains optimistic despite recent price pressures, with Goldman Sachs highlighting Gold Road Resources as a strong buy following a significant acquisition in the sector. Additionally, Royal Gold has seen an increase in short interest, indicating a bearish sentiment among investors. In the jewellery sector, Sky Gold Ltd projected robust growth with a revenue target of Rs.3,300 crores for FY25, reflecting strong performance and rising demand. The company has also reported a substantial increase in revenue and profits in its latest financial update.