Americas Gold and Silver Raises Resources 10% to 115.7M Oz, Funds $20M Drill
Americas Gold and Silver increased M&I silver resources by 10% to 115.7 million ounces, driven by a 19% rise at Idaho’s Galena Complex to 87.9 million ounces grading 501 g/t. The company reported two vein discoveries at Galena, a near-surface Cosalá intercept, and launched a 64,000-meter, $20 million drilling campaign.
1. Resource Update
Americas Gold and Silver’s consolidated measured and indicated silver resources rose 10% to 115.7 million ounces, underpinned by a 19% year-over-year increase at the Galena Complex in Idaho where M&I resources now total 87.9 million ounces grading 501 g/t silver, reflecting a 21% grade improvement.
2. Major Discoveries
The company announced two significant new vein discoveries at the Galena Complex and reported a near-surface high-grade intercept at its Cosalá operations in Mexico, adding fresh high-value targets to its exploration pipeline.
3. Record Exploration Campaign
Americas Gold and Silver has initiated its largest-ever 2026 drilling program, allocating up to $20 million to complete 64,000 meters of drilling across Galena and Cosalá, with the objective of expanding high-grade mineralization and advancing resource conversion.