Americas Gold and Silver Corporation (USAS) announced that its Galena Complex in Idaho has yielded ten new high‑grade silver‑copper‑antimony and silver‑lead veins, including a 4,896 g/t silver intercept over 1.3 m and a 2,563 g/t silver intercept over 0.7 m. These intercepts are well above the company’s 2025 head grade of 490 g/t silver, underscoring the continued potential of the Galena operation.
"Our team at Galena has delivered a series of very impressive discoveries at our flagship operation over just the past year. The rapidly‑growing, high‑grade, silver‑copper‑antimony 034 Vein Complex combined with the discovery of ten new high‑grade veins near existing mine infrastructure further highlights the untapped potential of the Galena Complex," said Chairman and CEO Paul Andre Huet. The company’s management views the findings as a confirmation that Galena remains one of the world’s highest‑grade silver deposits.
In addition to the discoveries, USAS unveiled its largest exploration drilling program to date, targeting approximately 64,000 m of drilling across the Galena Complex—including the Crescent Mine—and its Cosalá operations in Mexico. The program is designed to expand the known resource base, support the ramp‑up of the EC120 project, and accelerate development of Galena’s high‑grade zones.
"I am extremely pleased to announce that the tremendous success of our drilling campaign in 2025 has led to the design and approval of the largest exploration drilling campaign in the Company’s history. In 2026, we will be drilling approximately 64,000 m companywide," Huet added. The drilling effort will focus on high‑grade targets identified in the recent discoveries and on expanding the resource footprint around existing infrastructure.
The discoveries and drilling program reinforce USAS’s strategic positioning as a key domestic antimony producer, with a joint venture to build an antimony processing facility in Idaho. The company has also consolidated its Idaho assets, acquiring full ownership of the Galena Complex and the Crescent Mine, and has achieved commercial production at the EC120 project in Cosalá on January 1, 2026. These moves are intended to create a district‑scale growth hub and to accelerate the company’s transition from exploration to production.
Analysts have largely maintained a positive outlook on USAS, citing the high‑grade discoveries and expanded drilling program as catalysts for future growth. Some analysts, however, have expressed caution regarding the company’s weak financial performance, negative margins, and cash‑flow challenges, reflecting a mixed view of the company’s near‑term profitability.
The announcement signals strong confidence from management in the Galena Complex’s resource potential and positions USAS to capitalize on a persistent silver deficit while expanding its critical‑materials portfolio. The company’s focus on high‑grade exploration, operational consolidation, and strategic partnerships is expected to strengthen its competitive position and support long‑term value creation.
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