Americas Gold produces 143K lb Sb, 200K lb Cu in Q3

Executive Summary

• Americas Gold and Silver Corp. reported strong year-to-date production results for the first three quarters of 2025 from its Galena Complex, the only producing antimony mine in the United States.
• The company produced 447,466 pounds of antimony and 615,817 pounds of copper, marking the first time under new management that antimony production is being reported.
• Management highlighted a strategic focus on scaling silver production and increasing antimony output through the processing of high-grade silver tetrahedrite ore, supported by recent metallurgical breakthroughs achieving over 99% antimony extraction.

Key Details

• Antimony Production (YTD Q1-Q3 2025): 447,466 pounds.
• Copper Production (YTD Q1-Q3 2025): 615,817 pounds.
• Sb:Cu Ratio: Averaged approximately 0.73, which is slightly above the historical 0.69-to-1 ratio.
• Metallurgical Breakthrough: Recent testwork confirmed a 99-per-cent-plus antimony extraction rate from flotation concentrate grading approximately 19-per-cent antimony.
• Ore Types:
  • Galena Ore: Silver-lead ore; historically dominated production with over 240 million ounces of silver and 1.7 billion pounds of lead.
  • Tetrahedrite Ore: Silver-copper-antimony ore; hosts approximately 1 per cent antimony along with copper and higher-grade silver compared to galena ore.
• Ownership Structure: Americas Gold and Silver increased its ownership in the Galena Complex from 60 per cent to 100 per cent in December 2024 via a transaction with Eric Sprott.
• Strategic Outlook: The company aims to scale silver production materially by several multiples, potentially restoring historical production levels, while concurrently increasing antimony output.

Notable Quotes

• Paul Andre Huet, Chairman and CEO: "Highlighting Galena as the only producing antimony mine in the United States, I am thrilled to announce both antimony and copper production from our Galena complex. Year to date we have produced 447,466 pounds of antimony and 615,817 pounds of copper."
• Paul Andre Huet, Chairman and CEO: "This is the first time under our new management that we are reporting antimony production, reflecting a new era where the antimony and copper from our tetrahedrite ore have the potential to drive significant future revenues."
• Paul Andre Huet, Chairman and CEO: "With our recently announced breakthrough of 99-per-cent-plus antimony extraction from flotation concentrate grading approximately 19-per-cent antimony, and the potential to realize on commercial recovery and marketable antimony products that can be produced using proven metallurgical processes, we are in a very strong position to be a major supplier of critical metals that the United States needs."