Americas Gold & Silver Corporation (USAS) is a high-growth, low-cost, precious metals mining company with multiple assets in North America. It was originated in Canada under its previous name, Scorpio Mining Corporation, in 1998. Later in 2015, Scorpio Mining Corporation merged with U.S. Silver & Gold Inc., and rebranded to become Americas Gold and Silver Corporation.
The company is publicly listed on the Toronto Stock Exchange (TSX: USA) and the NYSE American (NYSE: USAS). With a keen focus on sustainable and responsible mining, Americas Gold and Silver Corp. operates primarily in the United States and Mexico, and has diverse metal production capabilities. Its mining projects include gold, silver, zinc, lead, and copper.
One of the key assets of Americas Gold & Silver Corp is its 100% ownership of the Relief Canyon mine located in Nevada. This mine is one of the primary operational gold mines in the United States. The company also operates the Galena Complex in Idaho, which is the second-largest silver mine by production in the U.S. In Mexico, Americas Gold and Silver Corp operates the Cosalá Operations which consist of a silver-lead-zinc mine and a processing facility.
Americas Gold & Silver Corp aims to create value for its shareholders through efficient production, growth, and an industry-leading commitment to ESG (Environmental, Social, Governance) principles. The company has established an admirable track record of high production and cost efficiency, while stressing a disciplined approach to capital allocation.
The company's management team, with its vast industry experience, is very much focused on executing the firm's strategy of profitable production growth. With a clear vision and experienced leadership, Americas Gold & Silver Corp is proud of its robust execution in monetary and ESG performance.
Americas Gold & Silver Corp. is positioned as a leading low-cost silver producer with significant upside potential from its extensive portfolio of precious metals properties. The company's strong financial and operational performance, coupled with its commitment to sustainable mining, makes it a preferred choice for investors seeking exposure to the precious metals sector.
The company directs its continued efforts to increase shareholder value by optimizing its existing operations, improving its financial performance, and pursuing a strategic acquisition and development pipeline. With its strategic direction and commitment to sustainable growth, Americas Gold & Silver Corp is committed to establishing itself as a leader in the global precious metals mining industry.
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Americas Gold and Silver CEO Paul Andre Huet will participate in the Reuters Momentum AI Austin 2026 conference, discussing the critical role of silver and other minerals in AI infrastructure. He will be featured on a panel titled "The Future Is Being Built Now: Leadership Perspectives on AI, Infrastructure and Competitive Advantage" and is also scheduled to appear on FOX Business to share insights. The company emphasizes its role as a North American producer of silver and critical minerals essential for AI, electrification, and advanced manufacturing, highlighting potential supply constraints for these resources.
Americas Gold and Silver Corp. reported significant high-grade drill results from its exploration program at the Galena Complex in Idaho, including new vein discoveries at the Galena and Crescent mines. The company's CEO, Paul Andre Huet, highlighted the exceptional silver grades and the potential for these discoveries to enhance future mine plans. This success, alongside results from their Cosalá operations in Mexico, underscores the value of their systematic exploration and disciplined capital allocation strategy across their North American assets.
Americas Gold and Silver Corporation announced high-grade Ag-Cu drill results from its resource conversion drilling program at the Cosalá Complex in Mexico. The assays from infill and step-out drilling in 1H 2026 show significantly higher silver grades than currently modeled resources, particularly in the San Rafael Upper and 120 zones. These results, including a highlight of 20.5 meters grading 654.7 g/t Ag and 1.5% Cu, suggest substantial upside potential for future mine plans and increased silver production.
Americas Gold & Silver ended Q2 2026 with $88.9 million in cash, despite its all-in sustaining cost (AISC) reaching $40.63 per ounce, exceeding its $30-$35 guidance. The company reported a 71% increase in consolidated net revenue to $46 million due to higher realized prices, even as silver equivalent production decreased by 5%. Challenges like a shaft upgrade delay and an electrical fire impacted production, but the company remains on track for its full-year guidance with production weighted towards the second half.
Americas Gold & Silver aims for 3.2 to 3.6 million ounces of silver production in 2026, a 30% increase from 2025, driven by its Galena, Crescent, and Cosalá assets. The company is shifting its focus from individual asset upgrades to demonstrating a coordinated multi-asset production platform, with significant capital deployment planned for growth. Key to its success will be Galena's sustained underground ore supply, Crescent's contribution to Idaho processing, and Cosalá's continued low-cost production, all working towards a full-year all-in sustaining cost target of $30 to $35 per ounce.
Americas Gold & Silver is aiming to increase the Galena mill's capacity to 1,200 tonnes per day by year-end 2026, up from 750 tonnes, through infrastructure upgrades and expansion. The company is also developing the nearby Crescent Mine to provide additional feed and exploring antimony processing. These efforts target 3.2 to 3.6 million silver ounces in 2026 at lower all-in sustaining costs.