Americas Gold and Silver Announces Some of the Best Grade-Widths Drilled to Date at the Cosala Complex Including High-Grade Drill Results of 654.7 g/t Ag, 1.5% Cu over 20.5 Meters and 409.3 g/t Ag, 0.8% Cu over 14.1 Meters
Americas Gold and Silver reported 44 of 55 holes from its 1H 2026 resource conversion drilling program at the Cosalá Complex in Sinaloa, Mexico. Targets included San Rafael Upper, 120 Upper, and 120 Lower, with all reported intercepts located adjacent to existing infrastructure.
Key intercepts reported as estimated true widths include: - SR583: 20.5 m at 654.7 g/t Ag and 1.5% Cu - SR581: 9.5 m at 566.6 g/t Ag and 1.7% Cu, and 4.6 m at 369.2 g/t Ag and 1.0% Cu - SR576: 2.2 m at 503.9 g/t Ag and 0.2% Cu - 120-26-G109: 17.3 m at 404.1 g/t Ag and 0.9% Cu, and 2.4 m at 322.3 g/t Ag and 0.6% Cu - 120-26-G143: 22.0 m at 392.3 g/t Ag and 1.1% Cu - 120-26-G123: 2.0 m at 754.9 g/t Ag and 0.5% Cu - 120-26-G141: 14.1 m at 409.3 g/t Ag and 0.8% Cu - Additional intervals from G118, G120, G134, G144, and G147
SR583 is located about 30 m outside the 2025 inferred resource boundary; results were not included in the 2025 Mineral Resource and Reserve statement. The company plans to incorporate these into an updated resource and mine plan in 2027, with mine development into the 120 zones anticipated in H2 2027.
Americas Gold and Silver Corporation (USA) is conducting resource conversion drilling at its operating silver producer, rather than pursuing a grassroots discovery or first-pass district opening. The company currently holds a market capitalization of approximately USD 2.17 billion. In the first half of 2026, the company reported revenue of USD 114 million and net income of about USD 5 million, with a going concern disclosure included in the latest Management’s Discussion and Analysis.
For a producer of this scale, in-fill and modest step-out drill results typically do not move the equity materially unless they result in quantified changes to reserves, mine life, or recoverable metal. The stock is currently trading near USD 6.41, down from a February high of USD 13.72, indicating that the market is not currently pricing in a major grade-driven revaluation at Cosalá.
While SR583 represents an excellent intercept, the release does not provide tonnage, reserve conversion, or an updated mine plan. These catalysts are deferred to 2027.
Americas Gold and Silver Corporation (USA) is a North American silver and critical metals producer with assets in the United States and Mexico. The company’s core producing silver mine is the Galena Complex in Idaho, which is also the largest U.S. antimony producer; 2025 antimony output was approximately 561,000 lb. In December 2025, the company acquired the Crescent Silver Mine in Idaho, which is planned for restart as a high-grade tetrahedrite feed source for Galena mills.
The Cosalá Operations in Sinaloa, Mexico, include the San Rafael, EC120, and Los Braceros processing plant. EC120 entered commercial production on January 1, 2026. Other assets include Relief Canyon in Nevada, San Felipe in Sonora, and Nuestra Señora in Mexico.
The company reported 2025 silver production of 2.65 moz, with 2026 guidance set at 3.2–3.6 moz at an all-in sustaining cost (AISC) of USD 30–35/oz. Financial position as of Q2 2026 showed cash of USD 88.9M, total debt of USD 51.1M, total equity of USD 296.0M, and a book value per share of USD 0.88. H1 2026 revenue was USD 114.1M, H1 gross profit was USD 65.7M, and H1 net income was USD 5.0M. The latest MD&A includes a going concern disclosure, citing commodity price reliance, covenant compliance, and access to capital.