Northwire Canada EditionMonday, November 9, 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%
Earnings

Americas Gold and Silver Announces Strong Full-Year 2025 Results and 2026 Guidance with ~30% Annual Production Growth

Production Surges 52% as Galena Complex Transformation Offsets Widening Net Losses

By The Northwire Desk — AI Analysis Mar 30, 2026 · 06:36 USA · 7.62 Americas Gold and Silver Corporation
Executive Summary

The most recent news (March 30, 2026) reports full-year 2025 results and 2026 guidance. Key highlights include a 52% increase in annual silver production to 2.65 million ounces and a revenue increase to $118 million. However, the company reported a significant net loss of $87.4 million ($0.33/share). For 2026, the company projects further growth to 3.2–3.6 million ounces of silver at an AISC of $30–$35/oz. Simultaneously, a Resource and Reserve update showed a 19% increase in M&I resources at the Galena Complex and a 21% increase in silver reserves.

Material Impact

The news is categorized as Routine - Positive. While the production growth and resource expansion are significant, they are largely in line with the aggressive growth strategy signaled throughout 2025 (e.g., the December 2025 $132M financing and the Crescent Mine acquisition). - Operational Scale: The 30% projected production growth for 2026 is material but expected given the capital injections. - Financial Health: The $87.4M net loss is a major red flag, though mitigated by a strong cash position of $129.8M following the year-end bought deal. - Strategic Pivot: The JV with US Antimony and the focus on the 034 Vein Complex (high-grade Ag-Cu-Sb) shifts the company from a pure silver play to a critical minerals provider, which may command a different market multiple. - Insider Activity: The sale of 5 million shares by Eric Sprott on March 23, 2026, just prior to these results, suggests a reduction in exposure by a key strategic investor, which offsets some of the operational optimism.

USA · Price
Company Overview

Americas Gold and Silver operates the Galena Complex in Idaho (60% interest, moving toward consolidation) and the Cosalá Operations in Mexico. - Flagship Project: The Galena Complex is the primary growth driver, featuring high-grade silver-copper-antimony veins. - Secondary Project: The Cosalá Operations (San Rafael and EC120 mines) provide base metal credits (Zinc/Lead) and silver. - New Asset: The Crescent Silver Mine (Idaho), acquired in late 2025, is being integrated to provide synergies with 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