- Americas Gold and Silver (TSX:USA), a silver-focused producer, is sharing promising exploration results from its Galena Complex in Idaho, including a high-grade extension of the 149 Vein
- Highlights include 24,913 grams per ton of silver and 16.9 per cent copper over 0.21 metres
- Americas Gold and Silver is a fully funded precious metals mining company that counts Eric Sprott as its largest shareholder
- Americas Gold and Silver stock has added 247.22 per cent year-over-year but remains down by 65.47 per cent since 2020
Americas Gold and Silver (TSX:USA), a silver-focused producer, is sharing promising exploration results from its Galena Complex in Idaho, including a high-grade extension of the 149 Vein.
This content has been prepared as part of a partnership with Americas Gold and Silver Corporation, and is intended for informational purposes only.
Three drillholes identified a high-grade copper-silver-antimony vein with nearly 120 metres of vertical continuity above the current mining level. Highlights include:
- DDH 43-317: 24,913 grams per ton (g/t) silver and 16.9 per cent copper over 0.21 metres.
- DDH 43-304: 2,816 g/t silver, 2 per cent copper and 1.05 per cent antimony over 1.05 metres.
- DDH 43-316: 2,354 g/t silver and 1.7 per cent copper over 1.58 metres.
As drilling continues to infill and potentially extend the new mineralization, the 149 Vein is being mined below these intercepts, producing consistent high-grade mill feed of 600-700 tons per cut averaging 700-950 g/t silver and 0.6-0.7 per cent copper. The company increased overall silver production by 54 per cent from 446,000 ounces in Q1 2025 to 689,000 ounces in Q2 2025 while retaining established reserves of 35.7 million ounces, in addition to 40.8 million pounds of zinc, 136.5 million pounds of lead and 33.8 million pounds of copper.
“The identification of this high-grade copper-silver-antimony extension to the 149 Vein is an exciting development that builds on our ongoing success in unlocking additional value at the Galena Complex,” Paul Andre Huet, Americas Gold and Silver’s chairman and chief executive officer, stated in Friday’s news release. “With some extraordinary intercepts, this extension positions us to potentially expand production from an already high-performing vein. It aligns with our targeted exploration strategy to enhance mill feed quality and operational efficiency, supporting our goals of increasing output and shareholder value.”
The current exploration program has drilled 4,878 out of a planned 18,100 metres, with numerous targets in addition to the 149 Vein still to be tested.
Concurrently, Americas Gold and Silver is announcing a 2.5:1 share consolidation on the TSX and NYSE scheduled to take effect when trading opens on Tuesday, August 26, 2025. The move would reduce the company’s issued and outstanding share count from 679,357,056 to 271,742,692.
“By reducing the number of outstanding shares, the consolidation maintains shareholder value and opens the doors to institutional investors with minimum price thresholds,” Huet added. “It also potentially unlocks access to margin accounts at certain brokerages. Our leadership team successfully executed a 4.5-to-1 consolidation at Karora Resources in 2020, which saw the daily trading value triple over four years, demonstrating our experience with such initiatives, though past performance is not indicative of future results. This consolidation positions Americas for future growth as we continue to advance our high-potential assets.”
About Americas Gold and Silver
Americas Gold and Silver is a fully funded precious metals mining company with multiple assets in North America. Eric Sprott is the company’s largest shareholder, owning an approximately 20 per cent interest.
Americas Gold and Silver stock (TSX:USA) last traded at C$1.25. The stock has added 247.22 per cent year-over-year but remains down by 65.47 per cent since 2020.
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