Americas Gold and Silver Corporation(TSX:usa)

Americas Gold and Silver aims to deliver a compelling value proposition, leading precious metal leverage and superior shareholder returns through a focus on operating performance and cash flow generation.

Investor website: https://americas-gold.com/

About

Americas Gold and Silver aims to deliver a compelling value proposition, leading precious metal leverage and superior shareholder returns through a focus on operating performance and cash flow generation. The company operates the Galena Complex in Idaho, USA, and Cosalá Operations in Sinaloa, Mexico, which are well-established platforms for sustainable production. They focus on reducing cash costs, maintaining a robust reserve and resource base, and exploring new precious metal targets to support long-term growth.

Verified company data

Cash position
Not available
Shares outstanding
319M
Fully diluted shares
349M
Mineral resource
The Galena Complex boasts over 50 years of operating history, having produced more than 240 million ounces of silver alongside significant by-product lead, copper, and over 20 million pounds of antimony. The Complex offers substantial growth potential, particularly through extensions, deeper high-grade zones, and a planned Mineral Resource Estimate update. The Crescent Mine hosts a historical Mineral Resource (Tetra Tech 2015 - not current) estimate of 3.8 million ounces (201k tons at 19.1 opt or 655 g/t) in the Measured and Indicated category and 19.1 million ounces (985k tons at 19.4 opt or 665 g/t) in the Inferred category.
Projects
["Galena Complex & Crescent Mine: The Galena Complex, now 100% owned by Americas Gold and Silver Corporation, is located in Idaho’s prolific Silver Valley, a historic mining district renowned for its production of silver, antimony, lead, zinc, and copper from iconic operations like the Bunker Hill, Sunshine, and Lucky Friday mines. The company completed the acquisition of the remaining 40% interest from an affiliate of Eric Sprott in December 2024, consolidating full ownership of this high-grade underground silver mine. Americas is executing a comprehensive Recapitalization Plan to revitalize the Galena Complex. Key initiatives include upgrading the No. 3 shaft hoist system, with Phase 1 completed ahead of schedule in September 2025 to double skipping capacity from 40 to 80 tons per hour (tph) for a 100% productivity gain, and Phase 2 completed in Q4 2025. The company has commissioned over 10 new underground vehicles, including trucks, muckers, and long hole drills, most now operational, and reintroduced long hole stoping (LHS) with the first successful narrow-vein blast in Q2 2025, delivering 60% lower costs per ton versus Underhand Cut and Fill at similar dilution. Recent exploration has uncovered high-grade silver-copper veins, such as the 034 Vein with 3.4m at 983 g/t silver (announced April 22, 2025) and the 149 Vein extension with intercepts up to 24,913 g/t silver and 16.9% copper over 0.21m (announced August 22, 2025), enhancing the potential for future production. The Galena Complex spans nearly 9,000 hectares, includes three active shafts, over 55 miles of workings, and two processing facilities: the Galena mill, with a capacity of 750 tpd, currently producing silver-antimony-copper and silver-lead concentrates, and the Coeur mill, with a capacity of 500 tpd, which is currently on care-and-maintenance. Americas is rapidly ramping up milling operations to support increased ore production. As the only current U.S. antimony producer, Americas achieved a >99% antimony extraction breakthrough in September 2025 from Galena's silver-antimony-copper concentrate, with antimony shifting from a penalty to payable by-product starting January 2026 under a re-negotiated offtake. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine, located approximately 9 miles from the Galena Complex in Idaho's Silver Valley. The Crescent Mine, which produced over 25 million ounces of silver at an average grade of 26 ounces per ton (891 g/t) between 1917 and 1981, consists of 10 acres of surface rights, 15 acres of patented claims, and mineral rights over 64 patented claims. The company is advancing infrastructure upgrades, including electrical systems and equipment additions, toward a planned mid-2026 production restart, leveraging synergies with Galena through shared infrastructure and processing to add 1.4 to 1.6 million ounces of annual silver production. On February 10, 2026, Americas signed a definitive joint venture agreement with United States Antimony Corporation to construct and operate an antimony processing facility at the Galena Complex. The JV, owned 51% by Americas and 49% by US Antimony, will process antimony feed material from Galena on market terms, with Americas contributing the permitted site, to create a fully integrated mine-to-finished antimony production chain and strengthen U.S. critical mineral security.","Cosalá Operations: The 100%-owned Cosalá Operations are located in the state of Sinaloa, Mexico and consist of 67 mining concessions that cover approximately 19,385 hectares. The Cosalá Operations are located in the east-central portion of the state of Sinaloa, Mexico, near the town of Cosalá. The town is located approximately 240 km by road northeast of Mazatlán, the nearest major city. The Company’s Los Braceros process facility historically produced copper, lead and zinc concentrates from ore mined at the nearby Nuestra Señora mine. The property also includes the San Rafael mine, El Cajón project, several other smaller past-producing mines and numerous mineralized showings. A focused exploration program has been implemented to explore the highly prospective land position and extend the mine life at San Rafael.","San Felipe Development Project: In March 2017, Americas Gold and Silver purchased an option to acquire a 100% interest in Hochschild Mining Plc’s San Felipe silver-zinc-lead project located in Sonora, Mexico. The company continues to evaluate the property prior to a decision to exercise its purchase option. In May 2018, Mine Development Associates completed an independent technical report to provide a technical summary and updated mineral resource estimate on the San Felipe project."]
Leadership
Paul Andre Huet (Chief Executive Officer, Over 35 years of experience in senior leadership and mining. Previously Chairman & CEO of Karora Resources Inc. and President of Klondex Mines.), Michael Doolin (Chief Operating Officer, Over 35 years of experience in mining operations and management, known for driving significant growth and operational efficiency.), Warren Varga (Chief Financial Officer, Formerly CFO of US Silver & Gold with over 20 years of financial leadership experience.), Peter McRae (SVP, Corporate Affairs & CLO, Over 15 years of corporate and commercial experience, previously Vice President, General Counsel & Corporate Secretary of U.S. Silver and Gold.), Oliver Turner (EVP, Corporate Development, 15+ years of experience in senior leadership and capital markets, previously EVP at Karora Resources.), Rob Buchanan (VP, Sustainability & Communications, 30 years of experience in investor relations and public affairs in the mining industry.)

Verified data last updated: 2026-05-15

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