We are investigating Americas Silver Corporation (USAS) (“Americas Silver” or the “Company”) for potential violations of the federal securities laws.
On August 12, 2019, Americas Silver reported its financial results for the second quarter of 2019. Specifically, Americas Silver disclosed that its revenue was negatively impacted by 15% lower realized metal prices, and that its revenue declined 13.3% year-over-year to $15 million and reported a net loss of $8 million. Additionally, the Company reported an approximately 45% increase in treatment and refining charges, along with a reduction in its Galena production, and non-recurring items related to Pershing Gold acquisition which impacted revenues further. On this news, Americas Silver’s stock price fell, $0.40 per share, or approximately 11%, to close at $3.26 per share on August 13, 2019.