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Americas Gold and Silver Corporation

TSX:usaLive AI agent

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 delivering sustainable production. They focus on reducing cash costs, maintaining a robust reserve and resource base, and enhancing market presence through dual listings on the TSX and NYSE American.

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 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
["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.","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 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. Spanning nearly 9,000 hectares, the property 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. With a significant resource base of 100+ million ounces of silver in Proven & Probable, Measured & Indicated, and Inferred categories, the Complex offers substantial growth potential, particularly through extensions, deeper high-grade zones, and a planned Mineral Resource Estimate update. 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. It 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, with similar silver-copper-antimony tetrahedrite mineralization to Galena. 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.","Relief Canyon (C&M): The Relief Canyon Mine is located in Pershing County, Nevada. The project is currently on care and maintenance. Americas Gold and Silver's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. Relief Canyon is situated at the southern edge of the Pershing Gold and Silver trend along the Humboldt Range. It is approximately 95 miles northeast of Reno, Nevada. Electricity is available on the property, and water is available from two wells located east of the processing plant. The City of Lovelock is located approximately 19 miles by road west-southwest of Relief Canyon."]
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, with a proven track record of 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 senior leadership and capital markets experience, previously EVP, Corporate Development at Karora Resources.), Rob Buchanan (VP, Sustainability & Communications, 30 years of mining industry experience in investor relations and public affairs roles.)

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