Americas Gold and Silver Corporation
Americas Gold and Silver operates high-grade silver-copper-antimony mines across Idaho (Galena Complex, plus the newly acquired past-producing Crescent Silver Mine) and Sinaloa, Mexico (Cosalá Operations, including the EC120 silver-copper orebody that reached commercial production in Q1 2026). 2026 guidance calls for 3.2-3.6 million oz of consolidated silver production, supported by a Teck Resources copper/antimony offtake at Galena.
Notable vs. Peers
- All-in sustaining cost of $40.63/oz Ag, by-product is 132% higher than the peer producer average of $17.51/oz Ag, by-product.
- Jurisdiction risk score of 9/10 is meaningfully safer than the peer average of 6.8/10.
- Trading within 2% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Source
- Aug 2024 · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 47%EC120 (El Cajón + Zone 120), Cosalá Operations, Sinaloa, Mexico
- 5 yrsEC120 (El Cajón + Zone 120), Cosalá Operations, Sinaloa, Mexico
Jurisdiction (40%)9/10
Idaho: Fraser PPI 2025 is 77.16 of 100 (rank 27 of 68), which maps to 9 on this site's scale. Americas Gold and Silver's flagship is the Galena Complex in Idaho, USA, which it calls a cornerstone US silver asset and the country's largest antimony mine, now joined by the nearby Crescent silver mine. Idaho is a top-tier mining jurisdiction, scored 9 like most Idaho companies on this site. Its Cosalá operations in Sinaloa, Mexico, carry materially higher security and mining-law and permitting risk, which this single flagship-based score does not capture.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Galena Complex, Idaho (and Cosalá Operations, Sinaloa, Mexico).
Nearby producing mine (20%)10/10
Bunker Hill (Bunker Hill Mining Corp.) is 14 km away -- within shared-mill trucking range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:8.6/10
Nearest producing mine: Bunker Hill (Bunker Hill Mining Corp.), 14 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairman of the Board, President and Chief Executive Officer of Americas Gold and Silver Corporation. Honours graduate, Mining Engineering Technology, Haileybury School of Mines (Ontario); Stanford Executive Program, Stanford School of Business. Two real, completed, large-scale value-creation exits back to back.
Executive Vice President, Corporate Development of Americas Gold and Silver Corporation. Career: EVP Corporate Development, Karora Resources Inc. (through its C$2.1B merger with Westgold Resources); co-founder, Invert Inc. (carbon-reduction technology); SVP Mining Equity Research, GMP Securities; earlier career at Wardrop Engineering (now Tetra Tech).
Chief Financial Officer of Americas Gold and Silver Corporation. 25+ years of progressive financial leadership. Member, Canadian Institute of Chartered Accountants and CFA Institute. Career: Senior Director, Corporate Development, Barrick Gold Corp. (2006-2011); CFO, U.S. Silver & Gold, Inc. (~2011-2014), a predecessor company of Americas Gold and Silver.
Chief Operating Officer of Americas Gold and Silver Corporation. 35+ years of mining operations and management experience. Career: SVP Technical Services, Karora Resources Inc. (2018-2024, through its C$2.1B merger with Westgold Resources, increasing throughput 340,000 to 1.6M tpa); COO, Klondex Mines Ltd. (2012-2018, through its C$740M acquisition by Hecla Mining, boosting production 8,000oz to 200,000oz/year); earlier career: CEO/COO, Silver Elephant Mining Corp.; Mill Manager, Great Basin Gold Ltd.; Metallurgical Lab Lead, McClelland Laboratories.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Eric Sprott and his Sprott Mining Inc vehicle hold a very large, well-established stake in this company -- a named resource-sector financier position. Seven insiders bought stock on the open market over the past year, though that buying is dwarfed by much larger selling, including two large disposals by the Sprott entities themselves.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Americas Gold and Silver operates silver-copper-antimony mines at the Galena Complex in Idaho, where it has also acquired the past-producing Crescent Silver Mine, and at the Cosalá Operations in Sinaloa, Mexico, where the EC120 silver-copper deposit reached commercial production at the start of 2026. Its 2025 resource and reserve update (effective 31 October 2025) gives 141,507,000 oz of silver in measured and indicated resources, combining 25.8 Moz of proven and probable reserves with measured and indicated resources reported exclusive of reserves at Galena, Cosalá and San Felipe, plus 133,264,000 oz inferred. The only published economic study is EC120's 2019 pre-feasibility study, prepared before construction, which showed an after-tax NPV5% of US$33M and a 47% IRR over a 5-year life at US$17.50/oz silver. Guidance for 2026 is 3.2-3.6 Moz of consolidated silver production, supported by a copper and antimony offtake with Teck Resources at Galena. Consolidated all-in sustaining cost in Q2 2026 was US$40.63 per silver ounce sold.
Americas Gold and Silver's 2025 Resource & Reserve Update (effective 31 Oct 2025, released 30 Mar 2026): consolidated Proven+Probable silver Mineral Reserve of 25.8 Moz at 272 g/t across Galena (16.3 Moz at 482 g/t, up 2% YoY) and Cosalá (9.6 Moz at 156 g/t). Consolidated Measured+Indicated silver Mineral Resources of 115.7 Moz (up 10%); Inferred of 133.3 Moz (up 15%). No gold/copper reserve ounces separately disclosed; reserve reporting is silver-only.