Americas Gold And Silver Posts 787,000-Ounce Q1 Silver Output and $10M Profit
USAS•Americas Gold And Silver Corp produced 787,000 ounces of silver in Q1 2026, driving revenue up 84% quarter-on-quarter and 189% year-over-year while posting $10M net income versus a $20M loss. The company closed with $122M cash, four new high-grade Galena discoveries and plans to commission the Pace plant by Q4 2026.
1. Q1 Production, Revenue and Profit
Americas Gold And Silver Corp reported record consolidated silver production of 787,000 ounces in the first quarter of 2026, representing an 84% sequential and 189% year-over-year revenue increase. Net income rose to $10 million, reversing a $20 million loss from Q1 2025.
2. Cash Position and Cost Structure
The company ended the quarter with $122 million in cash and liquidity, but maintained cash costs of $24 per ounce and all-in sustaining costs of $34 per ounce. Safety milestones improved, yet operational challenges and geopolitical uncertainty in Sinaloa present ongoing risks.
3. Galena Discoveries and Plant Commissioning
Four major high-grade discoveries at the Galena Complex expand the resource base, while the Pace plant scheduled for Q4 2026 commissioning is expected to boost mining flexibility, reduce costs and increase underground tonnage by over 250%.
