Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Americas Gold and Silver Announces Fourth Major New Discovery at the Galena Complex, Identifying Six New High-Grade Silver-Copper-Antimony Veins Including 1,392 g/t Ag, 1.5% Cu and 1.5% Sb over 1.9m

Americas Gold Drills Fourth Vein as Galena Expansion Accelerates

By The Northwire Desk — AI Analysis Apr 30, 2026 · 06:31 USA · 7.54 Americas Gold and Silver Corporation
Executive Summary
  • On April 30, 2026, Americas Gold and Silver announced its fourth major new discovery at the Galena Complex within a single year of drilling.
  • The company identified six new high-grade silver-copper-antimony splays designated as the "43L-TJ Vein Complex."
  • Key intercepts include Hole 43-357 with 1.9m @ 1,392 g/t Ag, 1.9% Pb, 1.5% Cu, and 1.5% Sb.
  • The new veins are located approximately 150 meters southwest of the previously discovered 149 Vein and within 25 meters of existing mine infrastructure.
  • Management plans follow-up drilling and an exploration drift to investigate structural controls and fast-track future production.
  • This announcement follows a record Q1 2026 production report (April 16) and a capital project update (April 27).
Material Impact
  • The news confirms the success of the 64,000-meter exploration program announced in March 2026 but does not fundamentally alter the investment thesis beyond existing expectations.
  • Grades are high (1,392 g/t Ag) and proximity to infrastructure (25m) is favorable for potential near-term mining integration, yet similar intercepts were reported in January and March 2026.
  • The market has likely priced in exploration success given the stock's run-up from $4.00 (Dec 2025 financing price) to a high of $13.39 (Feb 2026), followed by a correction to current levels ($7.54).
  • Eric Sprott, a major strategic investor, sold 5 million shares in March 2026 at approximately $7.32 per share; the current price is slightly higher, suggesting he may be taking profits or rebalancing rather than signaling distress, but his reduction from ~14.2% to ~12.6% warrants monitoring.
  • Cash position remains strong ($122.6 million as of March 31, 2026) relative to the $90-$120 million capital expenditure guidance for 2026, reducing immediate dilution risk despite the heavy drilling spend.
USA · Price
Company Overview
  • Americas Gold and Silver operates two primary producing assets: the Galena Complex in Idaho, USA, and Cosalá Operations in Sinaloa, Mexico.
  • Galena Complex: The flagship asset, fully owned (100%), produces silver, copper, lead, and antimony. It is currently undergoing significant infrastructure upgrades to increase throughput from 750 stpd to 1,200 stpd.
  • Cosalá Operations: Produces primarily silver with by-products; transitioning mining methods to the EC120 zone to sustain production levels.
  • Crescent Mine: Recently acquired (Dec 2025), located adjacent to Galena in Idaho. Being revitalized for mid-2026 production restart using spare milling capacity at Galena.
Read the original news release →

More from Americas Gold and Silver Corporation

Oct 19, 2026 · 06:30

Americas reported a record 800,000 ounces of gold production for the quarter, masking flat year-over-year output and creating a steep hurdle for the fourth quarter.

Production / Operations Sep 18, 2026 · 06:31

Americas reports world-class grades in narrow galena veins, adding incremental ounces to its project portfolio.

Drill Results Sep 17, 2026 · 06:31

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

Drill Results Aug 14, 2026 · 06:31

Americas confirms a production reset in Q2, with first-half average integrated cash costs exceeding guidance as the second-half ramp-up begins.

Earnings Jul 23, 2026 · 06:31

Americas produced 665,000 oz of silver in q2 despite the galena fire, maintaining fy26 guidance and completing a shaft upgrade while burning $33m in cash.

Production / Operations Jun 25, 2026 · 06:31

Americas Gold and Silver Completes Phase 2 of No. 3 Shaft Upgrades at Galena, Increasing Current Hoisting Capacity by 100% and Provides Operations Update

Production / Operations