# Americas Gold and Silver Corporation Announces New Record Quarterly Silver Production and Sales, including 787,000 Ounces Produced and 830,000 Ounces Sold

Source Brief: https://evesgoldminers.com/research/source-briefs/americas-gold-silver-2026-04-16-americas-gold-and-silver-corporation-announces-ne-3ebe5f84
Original source: https://americas-gold.com/site/assets/files/6094/nr20260416.pdf
Original published: 2026-04-16
EGM generated: 2026-09-04
Company: Americas Gold & Silver (USA)

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# Americas Gold and Silver Corporation Announces New Record Quarterly Silver Production and Sales, including 787,000 Ounces Produced and 830,000 Ounces Sold

Source: https://americas-gold.com/site/assets/files/6094/nr20260416.pdf
Published: 2026-04-16T00:00:00+00:00
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# Americas Gold and Silver Corporation Announces New Record Quarterly Silver Production and Sales, including 787,000 Ounces Produced and 830,000 Ounces Sold
AMERICAS GOLD AND SILVER CORPORATION ANNOUNCES NEW RECORD QUARTERLY SILVER
PRODUCTION AND SALES, INCLUDING 787,000 OUNCES PRODUCED AND 830,000 OUNCES SOLD
TORONTO, ONTARIO – April 16, 2026 – Americas Gold and Silver Corporation (the “Company” or
“Americas”) (TSX:USA; NYSE American: USAS) is pleased to announce record consolidated silver production
of 787,000 ounces for the first quarter of 2026, an increase of 76% compared to 446,000 ounces in the
first quarter of 2025. During the quarter, the Company sold a record 830,000 ounces due to a positive
adjustment for timing of concentrate sales. Consolidated lead production for the quarter was 2.0 million
pounds, consolidated copper production was 967,000 pounds, and consolidated antimony production was
137,000 pounds. Americas is also proud to report that it has achieved one year with no Lost Time Accidents
(LTAs) at its Cosalá mine in Mexico. Production metrics split by operation are outlined in Table 1 below.
Table 1: Q1 2026 Production and Sales
Galena Cosalá Consolidated
Silver Produced (oz) 424,686 362,239 786,925
Silver Sold (oz) 388,664 441,223 829,887
Total Silver Equivalent Produced (oz)¹ 492,200 416,642 908,842
Total Silver Equivalent Sold (oz)¹ 449,640 507,764 957,404
Copper Produced (lb) 218,103 748,449 966,552
Copper Sold (lb) 193,059 906,027 1,099,086
Lead Produced (lb) 1,950,014 - 1,950,014
Lead Sold (lb) 1,805,540 - 1,805,540
Antimony Produced (lb) 137,078 - 137,078
Antimony Sold (lb) 121,427 - 121,427
1. Silver equivalent ounces (AgEq) produced and sold were calculated based on all metals produced and sold at average realized silver, copper,
lead, and antimony prices during each respective period (Q1-2026 consolidated realized prices were US$79.48/oz Ag, US$5.80/lb Cu,
US$0.89/lb Pb, and US$11.03/lb Sb).
Americas’ unaudited consolidated cash balance as at March 31, 2026 was a robust US$122.6 million, on
track with expectations as the Company continued to deploy capital into its revitalization and growth plan.
During the second quarter, the company is on schedule to complete Phase 2 Upgrades to the No. 3 shaft
which will increase skipping speeds to ~105 short tons per hour (stph). The upgrades include installation
of the new braking system, a control system upgrade for future automation, a new communication system
and semi-autonomous cages. The upgrades will be completed during a planned two week shut down
during the quarter. The Company is rapidly improving communication technology throughout the mine
which includes new fibre optics cables that will allow for real time tracking of mine equipment, mine-wide
communication and future automation of numerous pieces of equipment. Construction of the surface
paste fill plant has also commenced on schedule, with initial parts arriving recently at site and preparatory
works underway.
1
Paul Andre Huet, Chairman and CEO, commented: “I am extremely pleased with our progress during the
first quarter in which the Company achieved not only a new corporate quarterly production record, but
also a significant new safety milestone at our Mexican operations: one full year with zero Lost Time
Accidents (LTAs). What makes this new record even more exciting is that we are still in the early stages of
our growth plans at our flagship Galena Complex where we also recently celebrated one year with no LTAs.
Safety remains our highest priority, and these achievements reflect the strong safety culture developed by
our teams.
The year ahead is pivotal for our operations at Galena with the Phase 2 upgrade at the No. 3 shaft set to
begin this month which involves the installation of a new braking system allowing us to increase our
skipping speeds to over 100 stph, an approximate 160% increase in hoisting capacity compared to 40 stph in
2024 when the Galena revitalization project began. This upgrade will boost our ore hoisting capability in the
No. 3 shaft – a significant step forward for our operations as we continue to ramp up our tonnage resulting from
the transition to Long Hole Stoping (LHS). We are also making progress towards the addition of a new surface
paste plant, with advanced engineering complete and project construction underway. The new paste fill
plant will reduce stope cycle times, allowing us to accelerate our transition to increased LHS.
In addition to the substantial capital investments we are making to grow production in a safe and rapid
manner, we have also allocated investment for the largest drilling program in Company history with
approximately 64,000 metres of exploration and infill drilling planned across our operations.
From a production and exploration perspective, Americas’ aggressive growth trajectory remains on track
to deliver full-year 2026 silver guidance of between 3.2 to 3.6 million ounces at all-in sustaining costs2 of
US$30-US$35 per ounce. As previously indicated, the Company expects full year production to be weighted
to the second half of the year with associated lower costs as we continue to invest in the growth of our
operations.
With numerous projects designed and approved in 2025 now well underway, our strong operational start
to the year puts us in a favorable position with respect to achieving our goals for 2026 as we continue our
growth momentum. We look forward to providing further updates on our various projects and drilling over
the course of this year."
2. Non-IFRS: the definition of this measure is included in the Non-IFRS Measures section of Americas Gold and Silver's MD&A for the period
ended December 31, 2025.
About Americas Gold and Silver Corporation
Americas Gold and Silver is a rapidly growing North American mining company producing silver, copper,
lead, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas
acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40%
Galena owner, becoming Americas' largest shareholder. This transaction consolidated Galena as a
cornerstone U.S. silver asset and the nation’s largest antimony mine. In December 2025, Americas
acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world’s
3rd highest-grade silver resource, creating significant potential future synergies through shared
infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony
to build a new antimony processing hub at Galena, creating a U.S. “mine-to-finished product” antimony
solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully
2
funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be
a leading North American silver producer and a key source of U.S.-produced antimony.
For further information, please contact:
Miranda Powell - Manager, Communications
M: +1-775-771-8832
E: ir@americas-gold.com
W: americas-gold.com
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” within the meaning of applicable securities laws.
Forward-looking information includes, but is not limited to, Americas’ expectations, intentions, plans,
assumptions and beliefs with respect to, among other things, estimated and targeted production rates and
results for gold, silver and other metals, the expected prices of gold, silver and other metals, as well as the
related costs, expenses and capital expenditures; production from the Galena Complex, including the
Crescent Mine and Cosalá Operations, including the expected number of producing stopes and production
levels; the expected timing and completion of required development and the expected operational and
production results therefrom, including the anticipated improvements to production rates and cash costs
per silver ounce and all-in sustaining costs per silver ounce; statements relating to Americas’ EC120
Project; and statements relating to implementation of, and the impact of new management on, the
planned recapitalization of Galena Complex. Guidance and outlook references contained in this press
release were prepared based on current mine plan assumptions with respect to production, development,
costs and capital expenditures, the metal price assumptions disclosed herein, and assumes no further
adverse impacts to the Cosalá Operations from blockades or work stoppages, and completion of the shaft
repair and shaft rehab work at the Galena Complex on its expected schedule and budget, the realization
of the anticipated benefits therefrom, and is subject to the risks and uncertainties outlined below. The
ability to maintain cash flow positive production at the Cosalá Operations, which includes the EC120
Project, through meeting production targets and at the Galena Complex through implementing the Galena
Recapitalization Plan, including the completion of the Galena shaft repair and shaft rehab work on its
expected schedule and budget, allowing the Company to generate sufficient operating cash flows while
facing market fluctuations in commodity prices and inflationary pressures, are significant judgments in the
consolidated financial statements with respect to the Company’s liquidity. Should the Company experience
negative operating cash flows in future periods, the Company may need to raise additional funds through
the issuance of equity or debt securities. Often, but not always, forward-looking information can be
identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”,
“intend”, “potential”, “estimate”, “may”, “assume”, “would”, “could”, “seek”, “propose” and “will” or
similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions, or statements about future events or performance. Forward-looking
information is based on the opinions and estimates of Americas as of the date such information is
provided and is subject to known and unknown risks, uncertainties, and other factors beyond the
Company’s ability to control or predict that may cause the actual results, level of activity, performance,
or achievements of Americas or developments in the Company’s business or in its industry to be
materially different from those expressed or implied by such forward-looking information. With respect
to the business of Americas, these risks and uncertainties
3
include risks relating to widespread interpretations or reinterpretations of geologic information;
unfavorable exploration results; inability to obtain permits required for future exploration, development
or production; general economic conditions and conditions affecting the industries in which the Company
operates; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating
mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at
all; the ability to operate the Company’s projects; and risks associated with the mining industry such as
economic factors (including future commodity prices, currency fluctuations and energy prices), ground
conditions, illegal blockades and other factors limiting mine access or regular operations without
interruption, failure of plant, equipment, processes and transportation services to operate as anticipated,
environmental risks, government regulation, actual results of current exploration and production
activities, possible

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