Americas Gold and Silver Delivers Record Cosala Production in 2025 Driving a 52% Increase in Annual Consolidated Silver Production
Americas Gold and Silver cements turnaround with record annual output and a $130M war chest, though profitability remains the final hurdle.
On January 21, 2026, Americas Gold and Silver (USA) announced record consolidated silver production for the full year 2025. Key highlights include: - Production Surge: Annual attributable silver production reached 2.65 million ounces, a 52% increase year-over-year. - Cosalá Operations: Delivered record annual silver production of 1.19 million ounces, with a strong Q4 contribution of 463,000 ounces. - By-Products: The company produced 561,000 lbs of antimony and 797,000 lbs of copper, validating its critical minerals strategy. - Cash Position: The company ended 2025 with a cash balance of approximately $130 million USD, largely bolstered by the December 2025 financing. - Management Commentary: CEO Paul Andre Huet described 2025 as a "transformative" year, citing the robust silver price environment as a multiplier for their expanded output.
This news is Material - Positive. It confirms that the operational turnaround strategy implemented by the new management team is actively working. - Execution Validation: The 52% increase in silver production validates the capital investments made into the Cosalá and Galena operations throughout 2025. The market had been speculating on execution; this release confirms it. - Balance Sheet De-risking: The reported $130 million USD cash balance serves as a massive buffer. While primarily derived from the December 2025 bought deal financing ($132M), the preservation of this capital suggests that operational cash burn has stabilized. - Timing: Delivering record ounces into a rising silver price environment maximizes revenue potential, setting the stage for improved financial performance in upcoming quarterly reports.
Americas Gold and Silver is a high-growth precious metals producer with assets in North America. - Galena Complex (Idaho, USA): 60% owned (consolidated to 100% in Dec 2024 via deal with Eric Sprott). A deep underground silver-lead-copper mine. Recent high-grade discoveries (034 Vein) and antimony production are key drivers. - Cosalá Operations (Sinaloa, Mexico): 100% owned. Includes the San Rafael mine and the EC120 project. Currently driving the bulk of silver production growth. - Crescent Mine (Idaho, USA): Recently acquired (Dec 2025). High-grade silver/copper project adjacent to Galena, expected to restart mid-2026.