Northwire Canada EditionMonday, July 13, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Resource Estimate Routine +

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

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 Jun 11, 2026 · 06:31

Americas Gold and Silver Closes Previously Announced Agreements to Settle Silver and Gold Delivery Obligations

Other Jun 01, 2026 · 06:31

Americas Gold & Silver Converts Debt to Equity, Confirms Cosalá Grade Upside, but Technicals Signal Consolidation After Parabolic Run

Drill Results May 26, 2026 · 06:31

Americas Gold and Silver Eliminates Final Gold Streaming Obligation, Purging Over $85 Million in Variable Debt; Balance-Sheet Cleanup Nears Completion

Financings May 22, 2026 · 06:31

Sprott Swaps Silver for Shares, Removes $45M Overhang at Americas Gold

Other May 14, 2026 · 17:16

Americas Gold and Silver Flips to First Quarterly Profit as Silver Output Hits All-Time High, EC120 Mine Enters Commercial Production

Earnings