Americas Gold and Silver Corporation

Description

Americas Gold and Silver Corporation is an established North American silver producer whose flagship asset is the Galena Complex in Idaho's Silver Valley, a mine with over 50 years of production history and more than 240 million ounces of silver produced to date. The company also operates the Cosalá Operations in Sinaloa, Mexico, and in December 2025 restarted the adjacent Crescent Mine, which is expected to add 1.4-1.6 million ounces of annual silver production.

The company achieved record consolidated silver production of 2.65 million ounces in 2025 (up 52% year-over-year) at a consolidated AISC of $32.95 per ounce, and guides to 3.2-3.6 million ounces in 2026 at $30-35/oz AISC, though Q2 2026 actual AISC ran higher at $40.63/oz due to a shaft upgrade and an electrical fire. No standalone NPV/IRR study exists for the combined operation; the company reports on a production and reserves basis.

Weakness

List of projects

1. Galena Complex (including Crescent Mine) — 100% interest, Idaho, USA; metals: Silver, Lead, Copper, Antimony.
2. Cosalá Operations — 100% interest, Sinaloa, Mexico; metals: Silver, Lead, Zinc.

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