Americas Gold & Silver Corp (NYSE: USAS)

Americas Gold and Silver Corporation is a silver focused producer engaged in the evaluation, acquisition, exploration, development and operation of precious metals and polymetallic mineral properties primarily those already producing or with potential for near term production.

The company generates revenue primarily from the sale of silver bearing zinc lead and copper concentrates produced at its Galena Complex and Cosalá Operations, with by product metals such as antimony and lead also contributing to income.

The company operates through the following segments:

• Galena Complex: This segment includes the Galena mine the recently acquired Crescent mine the Coeur mine and the Caladay development project located in the Coeur d'Alene Mining District of Idaho, USA, and produces a silver lead concentrate with by product copper antimony and lead from a mill with an installed capacity of 680 tonnes per day, aiming to increase production and lower operating costs following the 2024 recapitalization.

• Cosalá Operations: This segment comprises the EC120 silver copper mine and the San Rafael silver zinc lead mine in Sinaloa, Mexico, together with the Los Braceros processing plant that handles approximately 1,350 tonnes per day and produces silver bearing zinc lead and copper concentrates, with commercial production declared at EC120 in January 2026 and at San Rafael in December 2017.

Americas Gold and Silver Corporation holds a niche position as a silver focused producer in the Western Hemisphere, competing with companies such as Hecla Mining Coeur Mining and Pan American Silver while leveraging its assets in the prolific Idaho Silver Valley and the Sierra Madre Occidental region, its recent acquisitions, existing infrastructure and a strategic focus on by product recovery and antimony opportunities through its joint venture with United States Antimony.

The company sells its concentrates to a diversified base of smelters and metal traders worldwide, with no reliance on any single purchaser, as it can alternate between multiple buyers for its zinc lead copper and antimony products.