Galena Complex Productivity Gains And Integration Of Crescent Mine

TORONTO – Americas Gold and Silver Corporation Chairman and CEO, Paul Andre Huet, reported, “We capped off a highly successful and transformative 2025 with a 52% increase in attributable silver production to 2.65 million ounces. At the Galena Complex, in Idaho, consistent productivity gains came alongside our focus on major capital projects and the integration of the newly acquired Crescent Mine. I am proud of our team for embracing major transformational operating initiatives including the re-introduction of long hole stoping, the deployment of an expanded underground mining fleet, and major upgrades at the No. 3 and Coeur shafts to support higher waste development and accelerated mining rates going forward. We recently concluded a planned 10-day shutdown in Q4 2025 to fast-track upgrades by installing a new 2250 HP motor and redundant secondary egress motor at the Coeur shaft – de-risking the operation and further supporting our ambitious growth trajectory. At Crescent, we are off to a running start with major infrastructure and equipment upgrades in place within a few short weeks following the close of the acquisition in December.
Our full-year antimony and copper by-product production from the Galena Complex further demonstrates the value potential of our unique position as the largest active U.S. antimony miner. This January we received revenue from these valuable by-products under the new offtake agreement negotiated with Ocean Partners and Teck, as announced in June 2025. The future is very exciting with respect to antimony production as we continue test work initiatives and evaluate numerous pathways to unlock the substantial bi-product antimony value at the Galena Complex.
Also, it was a record year at Cosalá in Mexico, where our team delivered the operation’s best-ever annual and quarterly silver output while at the same time ramping up the new EC 120 Mine to reach commercial production. This is an incredible milestone and a testament to the exceptional execution by our entire team at Cosalá, led by General Manager Gabriel Soto.
Overall, I am extremely pleased with our first year of transformative operational efforts which has laid the foundation for continued growth in 2026 across Idaho and Mexico.”