Production / Operations
Americas Gold and Silver Corporation Announces New Record Quarterly Silver Production and Sales, Including 787,000 Ounces Produced and 830,000 Ounces Sold
Americas Gold Reports Record Q1 Silver Output Amidst Safety Milestone

Executive Summary
- Production Performance: Americas Gold and Silver Corporation reported record consolidated silver production of 786,925 ounces for Q1 2026, representing a 76% increase compared to Q1 2025.
- Sales Volume: The company sold 829,887 ounces of silver in the quarter, slightly exceeding production due to inventory drawdown or prior stockpiles.
- Guidance Confirmation: Full-year 2026 silver production guidance is maintained at between 3.2 to 3.6 million ounces with All-in Sustaining Costs (AISC) of US$30-US$35 per ounce.
- Safety Milestone: The company achieved one full year with no Lost Time Accidents (LTAs) at both the Cosalá mine and the Galena Complex, marking a significant operational safety achievement.
- Cash Position: Unaudited consolidated cash balance as of March 31, 2026, stands at US$122.6 million.
- Operational Projects: Galena No. 3 Shaft Phase 2 upgrades are on schedule to increase skipping speeds to approximately 105 short tons per hour (stph). Construction of the surface paste fill plant has commenced on schedule.
- Exploration: The Company allocated investment for a drilling program of approximately 64,000 metres of exploration and infill drilling across operations in 2026.
Material Impact
- Validation of Strategy: This news release serves as critical validation of the growth strategy announced in March 2026 (Financing + Acquisition). The record production confirms that the transition to Long Hole Stoping at Galena and the ramp-up at Cosalá are delivering on projections.
- De-risking Execution: Following a significant price correction from $13.72 to $6.47 in March 2026 (post-earnings), this report de-risks the investment thesis by proving that production volumes can scale as promised despite the net losses reported in FY25.
- Cash Flow Implications: While the company remains net loss-making, the strong cash balance ($122.6M) and maintained guidance suggest no immediate need for dilutive financing in the near term, reducing downside risk from equity issuance.
- Market Expectations: The market had already priced in this growth following the March 30 earnings release which set the 3.2-3.6M oz guidance. Therefore, while positive, the news is largely expected and incremental rather than a surprise catalyst.
- Safety Factor: The safety milestone reduces operational risk premiums associated with mining accidents, potentially improving insurance costs and workforce stability in the long term.
USA · Price
Company Overview
- Company: Americas Gold and Silver Corporation (USAS).
- Flagship Projects:
- Galena Complex (Idaho): Primary growth engine. Transitioning to Long Hole Stoping with No. 3 Shaft upgrades. Produces silver, copper, lead, and antimony.
- Cosalá Mine (Mexico): Established producer contributing significantly to volume (1.2M oz in FY25). Currently transitioning to EC120 mine for higher grades.
- Crescent Silver Mine (Idaho): Newly acquired asset (Dec 2025) targeted for mid-2026 restart to feed Galena mill capacity.
- Operations: Underground mining with surface processing facilities. Focus on high-grade silver-copper-antimony mineralization.
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Jun 25, 2026 · 06:31