Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Resource Estimate

Silver's Six-Year Drain Meets a Policy Shift Worth Watching

Americas Gold and Silver Q1 Output Surges 76% as Drilling Campaign Expands

By The Northwire Desk — AI Analysis Apr 23, 2026 · 09:00 USA · 8.53 Americas Gold and Silver Corporation
Executive Summary
  • The most recent sector update (April 23, 2026) confirms Americas Gold and Silver's strategic initiatives including a 10% increase in consolidated silver M&I resources and a massive 64,000-meter drilling campaign for 2026.
  • Q1 2026 production results (April 16, 2026) reported record consolidated silver production of 787,000 ounces, representing a 76% increase compared to Q1 2025.
  • The company maintains full-year 2026 guidance for silver production between 3.2 to 3.6 million ounces with All-in Sustaining Costs (AISC) of US$30-US$35 per ounce.
  • Cash balance as of March 31, 2026 stands at US$122.6 million following a $132 million bought-deal financing in December 2025 and acquisition of the Crescent Mine.
  • Eric Sprott reduced his beneficial ownership from ~14.2% to ~12.6% in March 2026, selling 5 million shares at approximately $7.32 per share.
Material Impact
  • The April 23 news serves as a confirmation of previously announced operational milestones rather than introducing new game-changing variables.
  • Q1 production growth (+76% YoY) validates the company's execution strategy and supports the revenue guidance, though net losses persist due to capital expenditures and acquisition costs.
  • Insider selling by Eric Sprott (March 2026) presents a negative sentiment signal regarding near-term valuation despite operational success.
  • The financing structure ($132M equity + $50M debt drawn) provides liquidity for the Crescent Mine restart but increases leverage with high-interest term loans (SOFR + 6%).
  • Resource growth (+10% M&I) is incremental and aligns with expectations set in March 2026, limiting immediate upside surprise potential.
USA · Price
Company Overview
  • Americas Gold and Silver operates the Galena Complex in Idaho (silver, copper, antimony) and Cosalá Operations in Mexico (silver).
  • Flagship Project: Galena Complex is the only producing antimony mine in the United States, with a focus on high-grade silver-copper-antimony tetrahedrite ore.
  • Crescent Mine acquisition adds historical resources of 3.8M oz M&I and 19.1M oz Inferred to the Idaho portfolio.
  • Cosalá Operations transitioned to EC120 pre-production, contributing significantly to Q1 2026 output.
Read the original news release →

More from Americas Gold and Silver Corporation

Oct 19, 2026 · 06:30

Americas reported a record 800,000 ounces of gold production for the quarter, masking flat year-over-year output and creating a steep hurdle for the fourth quarter.

Production / Operations Sep 18, 2026 · 06:31

Americas reports world-class grades in narrow galena veins, adding incremental ounces to its project portfolio.

Drill Results Sep 17, 2026 · 06:31

Americas Gold and Silver Announces Some of the Best Grade-Widths Drilled to Date at the Cosala Complex Including High-Grade Drill Results of 654.7 g/t Ag, 1.5% Cu over 20.5 Meters and 409.3 g/t Ag, 0.8% Cu over 14.1 Meters

Drill Results Aug 14, 2026 · 06:31

Americas confirms a production reset in Q2, with first-half average integrated cash costs exceeding guidance as the second-half ramp-up begins.

Earnings Jul 23, 2026 · 06:31

Americas produced 665,000 oz of silver in q2 despite the galena fire, maintaining fy26 guidance and completing a shaft upgrade while burning $33m in cash.

Production / Operations Jun 25, 2026 · 06:31

Americas Gold and Silver Completes Phase 2 of No. 3 Shaft Upgrades at Galena, Increasing Current Hoisting Capacity by 100% and Provides Operations Update

Production / Operations