Americas Gold and Silver Corp. (AMEX:USAS) had a bit of a mixed bag in its second-quarter report, but investors seemed to like what they saw. Shares climbed Friday after the miner posted a big revenue jump and stuck with its full-year production targets.

The headline numbers: a loss of 2 cents per share, which missed the analyst consensus that called for earnings of 2 cents. Revenue came in at $46 million, also below the $69.61 million Wall Street was looking for. But here's the thing: revenue was up 71% year over year, and that's the number that seemed to matter.

The revenue surge was powered by higher realized metal prices, which also helped adjusted EBITDA swing to a positive $12 million from a $4.1 million loss in the same quarter last year. The company pointed to stronger realized silver prices as the main driver. Cash and cash equivalents stood at $88.9 million as of June 30, giving the miner a solid cushion.

On the production side, silver output slipped to 665,000 ounces, down from the prior year. The culprit? The Galena Phase 2 shaft upgrade took two extra weeks to complete because the company decided to do additional work. That pushed some production into the second half of the year.

Silver-equivalent production fell 5% to about 801,000 ounces. The quarter also included 2.3 million pounds of lead, 900,000 pounds of copper, and 97,000 pounds of antimony.

At the Cosalá operation in Mexico, silver production rose 26% year over year to 337,000 ounces. Higher silver grades offset lower processed tonnage as mining advanced deeper into the EC120 orebody, the flagship zone at Cosalá.

The company also wrapped up Phase 2 of the Galena No. 3 Shaft modernization, which boosted total hoisting capacity by about 150% and increased skip payloads by 40%. That's a big deal for future production efficiency.

Costs were a mixed picture. Cost of sales averaged $32.05 per silver-equivalent ounce sold. Cash costs were $25.68 per silver ounce, while all-in sustaining costs (AISC) came in at $40.63 per silver ounce sold.

Looking ahead, Americas Gold and Silver kept its full-year silver production guidance at 3.2 million to 3.6 million ounces. The company also continues to expect AISC of $30 to $35 per silver ounce sold. Management said production should be weighted toward the second half of the year as Idaho operations ramp up.

Shares were up 3.37% at $5.22 at the time of publication Friday.