Americas Gold and Silver Delivers a 98% Increase in Quarterly Silver Production as part of Strong Q3 2025 Operating Results

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# Americas Gold and Silver Delivers a 98% Increase in Quarterly Silver Production as part of Strong Q3 2025 Operating Results

Source: https://americas-gold.com/site/assets/files/6038/nr20251020.pdf
Published: 2025-10-20T00:00:00+00:00
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AMERICAS GOLD AND SILVER DELIVERS A 98% INCREASE IN QUARTERLY SILVER PRODUCTION AS PART OF
STRONG Q3 2025 OPERATING RESULTS
TORONTO, ONTARIO – October 20, 2025 – Americas Gold and Silver Corpora on (TSX: USA) (NYSE American: USAS)
(“Americas” or the “Company”), a growing North American precious metals and an mony producer, is pleased to
announce strong consolidated silver produc on of 765,000 ounces for the third quarter of 2025, an increase of
98% compared to 386,000 a ributable ounces1 produced in the third quarter of 2024 and an 11% increase
compared to 689,000 ounces in the second quarter of 2025. Lead produc on was 2.3 million pounds for the third
quarter of 2025, an increase of 23% compared to 1.9 million pounds in the second quarter of 2025. The strong
produc on results were achieved despite a planned 10-day shut down to complete Phase 1 upgrades to the Galena
No. 3 Sha .
The increase in silver produc on was driven by improved efficiencies at the Galena Complex in Idaho, as well as
the con nued transi on into the higher grade EC120 zone at the Cosalá Opera ons in Mexico. At Galena, efficiency
improvements in 2025 include improved underground development rates, the re-introduc on of long hole stoping,
ongoing replacement and upgrades of the underground mining fleet, and improved skipping capacity on the No.
3 Sha .
As previously announced, year-to-date an mony and copper produc on from the Galena Complex totaled 447,466
pounds and 615,817 pounds, respec vely (see Americas news release dated October 16, 2025). A strong Sb:Cu
correla on, with a year-to-date ra o averaging 0.73, underscores the predictability and strategic value of Galena’s
high-grade silver-copper-an mony tetrahedrite ore.
Americas’ unaudited consolidated cash balance as at September 30, 2025, was US$39 million, a decrease of US$23
million compared to June 30, 2025. The expected decreased cash balance was largely the result of increased capital
investments to support planned growth ini a ves, in line with the Company’s planned capital deployment.
Paul Andre Huet, Chairman and CEO, commented: “I am extremely pleased with our progress during the third
quarter in which produc on notched an 11% improvement on the prior quarter. Our opera on in Idaho is now
star ng to deliver results a er spending significant effort underground at Galena conduc ng numerous me
studies, engineering work, produc vity-focused projects, implemen ng new equipment and adjus ng the mining
method. It is important to note that Galena achieved a quarter-over-quarter produc on improvement despite a
10-day shutdown conducted to complete Phase 1 of the upgrades to the No. 3 Sha , a tremendous achievement.
Addi onally, last week's disclosure of year-to-date an mony and copper produc on further highlights the cri cal
metal value of our tetrahedrite ore, as well as Galena’s unique strategic posi on as the only current producer of
an mony in the United States.
At Cosalá, outstanding progress by our opera ng team delivered improvements compared to the prior quarter as
the opera on con nued its transi on into mining the higher grade EC120 area.
The strong third quarter produc on results and our robust balance sheet, with US$50 million remaining undrawn
on our exis ng credit facility, have us well posi oned to con nue to execute on our opera onal strategy to increase
produc on, lower costs and unlock the massive poten al of our asset base for our shareholders.”
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About Americas Gold and Silver CorporaƟon
Americas Gold & Silver is a growing precious metals and an mony mining company with mul ple assets in North
America. In December 2024, Americas increased its ownership in the Galena Complex (Idaho, USA) from 60% to
100% in a transac on with Eric Spro , solidifying its posi on as a growing silver and an mony producer. Americas
also owns and operates the Cosalá Opera ons in Sinaloa, Mexico. Eric Spro is the Company’s largest shareholder,
holding an approximate 20% interest. Americas has a proven and experienced management team led by Paul Huet,
is fully funded to execute its growth plans, and focused on becoming one of the top North American silver and
an mony mining companies.
1. The Company held a 60% interest in the Galena mine during Q3 2024. The Company’s share of the 323,000
silver ounces produced by the Galena mine during Q3 2024 was 194,000 ounces. Compared to a
consolidated 100% interest the increase in ounce produc on is 49%.
For More InformaƟon:
Maxim Kouxenko - Manager, Investor Rela ons
M: +1 (647) 888-6458
E: ir@americas-gold.com
W: Americas-gold.com
CauƟonary Statement on Forward-Looking InformaƟon:
This news release contains “forward-looking informa on” within the meaning of applicable securi es laws.
Forward-looking informa on includes, but is not limited to, Americas’ expecta ons, inten ons, plans,
assump ons, and beliefs with respect to, among other things, the ability to achieve produc on results and
maintain condi ons for opera onal results and expecta ons described herein, and the predictability and strategic
value of Galena’s high-grade silver-copper-an mony tetrahedrite ore and are subject to the risks and uncertain es
outlined below. O en, but not always, forward-looking informa on can be iden fied by forward-looking words
such as “an cipate,” “believe,” “expect,” “goal,” “plan,” “intend,” “poten al,” “es mate,” “may,” “assume,” and
“will” or similar words sugges ng future outcomes, or other expecta ons, beliefs, plans, objec ves, assump ons,
inten ons, or statements about future events or performance. Forward-looking informa on is based on the
opinions and es mates of Americas as of the date such informa on is provided and is subject to known and
unknown risks, uncertain es, and other factors that may cause the actual results, level of ac vity, performance,
or achievements of Americas to be materially different from those expressed or implied by such forward-looking
informa on. These risks and uncertain es include, but are not limited to: interpreta ons or reinterpreta ons of
geologic informa on; unfavorable explora on results; inability to obtain permits required for future explora on,
development, or produc on; general economic condi ons and condi ons affec ng the mining industry; the
uncertainty of regulatory requirements and approvals; poten al li ga on; security condi ons in the areas where
the Company’s opera ons are located (including the Cosalá Opera ons in Sinaloa, Mexico); fluctua ng mineral
and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks
associated with the mining industry generally, such as economic factors (including future commodity prices,
currency fluctua ons, and energy prices), ground condi ons, failure of plant, equipment, processes, and
transporta on services to operate as an cipated, environmental risks, government regula on, actual results of
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current explora on and produc on ac vi es, possible varia ons in grade or recovery rates, permi ng melines,
capital expenditures, reclama on ac vi es, labor rela ons; and risks related to changing global economic
condi ons and market vola lity. Although the Company has a empted to iden fy important factors that could
cause actual results to differ materially from those contained in forward-looking informa on, there may be other
factors that cause results not to be as an cipated, es mated, or intended. Readers are cau oned not to place
undue reliance on such informa on. Addi onal informa on regarding the factors that may cause actual results to
differ materially from this forward-looking informa on is available in Americas’ filings with the Canadian Securi es
Administrators on SEDAR+ and with the SEC. Americas does not undertake any obliga on to update publicly or
otherwise revise any forward-looking informa on whether as a result of new informa on, future events, or other
such factors which affect this informa on, except as required by law. Americas does not give any assurance (1) that
Americas will achieve its expecta ons, or (2) concerning the result or ming thereof. All subsequent wri en and
oral forward-looking informa on concerning Americas are expressly qualified in their en rety by the cau onary
statements above.
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