Northwire Canada EditionTuesday, November 10, 2026
Northwire
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Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0% Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0%
Drill Results

Americas Gold and Silver Announces Largest Ever Exploration Program in 2026 Following the Discovery of Ten New High-Grade Silver-Copper-Antimony and Silver-Lead Veins at Galena Including 4,896 g/t Silver and 3.95% Copper over 1.3M

Americas Gold and Silver pivots to high-grade silver-antimony complex as 2026 exploration program targets record-breaking growth

Executive Summary

The most recent news release (March 12, 2026) announces the discovery of ten new high-grade veins at the Galena Complex in Idaho, including seven silver-copper-antimony veins and three silver-lead veins. Notable intercepts include 4,896 g/t Ag and 3.95% Cu over 1.3 meters. Concurrently, the company has launched its largest-ever exploration program, totaling 64,000 meters for 2026. This program will utilize underground and surface rigs, specifically targeting the recently acquired Crescent Mine, which has been dormant for decades.

Material Impact

The news is Material - Positive. While the company has been consistently reporting high-grade results throughout 2025, the discovery of ten distinct new veins near existing infrastructure is a significant expansion of the "034 Vein Complex" narrative. - Resource Quality: The grades (up to 4,896 g/t Ag) are materially higher than the current Galena Mineral Resource, suggesting a potential for high-margin ounces. - Strategic Shift: The focus on antimony (Sb) alongside silver is a major differentiator. Following the February 2026 JV with US Antimony to build a processing plant, these new Sb-rich veins provide the necessary feed to justify that downstream investment. - Scale: A 64,000m drill program is aggressive for a company of this size and indicates that the US$132M financing from December 2025 is being deployed rapidly to convert exploration targets into mineable reserves.

USA · Price
Company Overview

Americas Gold and Silver operates the Galena Complex (100% owned) in Idaho and the Cosalá Operations in Mexico. - Flagship: The Galena Complex is the primary focus, currently the only producing antimony mine in the U.S. - Strategy: The company is executing a "rational consolidation" of the Silver Valley, recently acquiring the Crescent Mine to provide high-grade feed for its underutilized milling capacity.

Read the original news release →

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