Americas Gold and Silver recorded consolidated silver production of 787,000 ounces in Q1, a 76% increase year-over-year, and achieved record sales of 830,000 ounces, including 425,000 ounces at Galena and 362,000 ounces at Cosalá. Revenue rose to $67.8 million, a 187% increase, and net income reached $10.0 million ($0.03 per share) compared to a $19.7 million loss last year, with adjusted EBITDA of $33.6 million.

The high-grade EC120 circuit at Cosalá was declared in commercial production, driving a 174% increase in silver output at that operation. In February, the company formed a 51% joint venture with United States Antimony to build and operate an antimony processing plant in Idaho’s Silver Valley, securing domestic supply of this critical mineral.

For 2026, the company targets consolidated silver production of 3.2–3.6 million ounces at all-in sustaining costs of $30–35 per ounce, with total capital expenditures of $90–120 million, including $30–40 million at the Crescent Mine, and exploration spending of $15–20 million. Cash and cash equivalents stood at $122.4 million with working capital of $66.8 million, while cost of sales, cash costs, and AISC averaged $25.42, $23.57, and $34.12 per ounce, respectively.