Americas Gold continues work at Crescent mine

Executive Summary

• Americas Gold and Silver Corp. reports rapid operational progress and infrastructure upgrades at the newly acquired Crescent Silver Mine in Idaho, aiming for a mid-2026 restart of silver, copper, and antimony production.
• Significant cost reductions are being achieved through infrastructure changes, specifically replacing high-cost diesel power with grid electricity, reducing power costs from ~55 cents/kWh to ~7 cents/kWh.
• The company has expanded its underground mining fleet and streamlined site operations to leverage synergies with the neighboring Galena complex.

Key Details

• Production Timeline: Targeted restart of silver, copper, and antimony production is set for mid-2026.
• Power Cost Reduction: Installation of low-cost grid electrical power to the Hooper tunnel (connecting to all three adits: Hooper, BC4, and Countess) replaces diesel generators.
  • Previous cost: ~55 cents/kilowatt-hour.
  • New estimated cost: ~7 cents/kilowatt-hour.
• Air Supply Upgrade: Installed a six-inch air line down the mountain to service the BC4 adit, eliminating the need for high-cost, emission-heavy diesel compressors.
• Communication Systems: Deployed communication lines connecting Hooper, BC4, and Countess adits to improve safety and coordinate rehabilitation plans.
• Fleet Expansion:
  • Operationalized all existing underground equipment included in the acquisition.
  • Added two new 20-ton trucks.
  • Added three new loaders (two two-yard loaders and one four-yard loader).
  • Total expanded and upgraded underground mining fleet: 11 pieces.
• Site Infrastructure: Established designated laydown areas for ground support, pipe, and materials to streamline workflows; initiated remodeling of the main office building and staff facility buildings.
• Mine History & Resources:
  • Crescent is a past-producing underground mine that produced over 25 million ounces of silver (avg grade 26 oz/t or 891 g/t) between 1917 and 1981.
  • Historical Measured and Indicated Resource: 3.8 million ounces.
  • Historical Inferred Resource: 19.1 million ounces.
  • Mineralization is tetrahedrite, identical to the Galena Ag-Cu-Sb material, suitable for Galena and Coeur mills.
• Acquisition Context: Crescent was acquired in December 2025, nine miles from the Galena complex, creating synergies in procurement, equipment sharing, G&A efficiencies, and spare processing capacity.

Notable Quotes

• Paul Andre Huet, Chairman and CEO: "In less than a month since closing the Crescent acquisition, our team has achieved remarkable progress towards restarting production -- from running grid power electrical lines down the mountain to power all three adits and eliminating higher-cost generators, to adding new equipment and organizing the site for efficient operations."
• Paul Andre Huet, Chairman and CEO: "Utilization of grid electrical power through the power line installation is a great example of the progress we are making at Crescent as it is expected to reduce power costs compared to the prior diesel generators from approximately 55 cents per kWh, down to as little as seven cents per kWh."