Americas Gold and Silver Corporation announced the discovery of six new high‑grade silver‑copper‑antimony veins, collectively named the 43L‑TJ Vein Complex, at its Galena Complex in Idaho’s Silver Valley. The veins were identified during a diamond‑drilling program at the 4300 level and include intercepts of 1,392 g/t Ag, 1.5 % Cu and 1.5 % Sb over a true width of 1.9 m, all located within 25 m of existing mine infrastructure.
The proximity of the veins to current operations means the company can fast‑track development, reduce capital intensity, and accelerate the ramp‑up of the Galena mine toward its targeted 1,200 t/d throughput. High grades and short haul distances translate into lower operating costs and a quicker return on investment, directly supporting the company’s 2026 production guidance of 3.2 to 3.6 million ounces of silver at an all‑in sustaining cost of $30 to $35 per ounce.
"Our team at Galena continues to deliver impressive new discoveries at our flagship operation. The discovery of six new high‑grade silver‑copper‑antimony veins at the 43L‑TJ Vein Complex is advancing on a similar trajectory to our 034 Vein discovery mid last year, which has already added material ounces to our 2025 resource update and is now in development to prepare for future production. These are the strengths of pairing an aggressive drill campaign, strong team and large exploration budget with the tremendous amount of infrastructure already in place at Galena, a world class operation," said Chairman and CEO Paul Andre Huet.
The discovery marks the fourth major new vein in a single year of drilling, following the 149 Vein Complex and the 034 Vein. It comes as the company transitions from underhand cut and fill to long‑hole stoping, upgrades hoisting capacity to 105 stph on No. 3 Shaft, and expands milling capacity to 1,200 stpd by year‑end 2026. In addition, Americas recently acquired the Crescent Silver Mine and formed a joint venture to build an antimony processing hub at Galena, positioning the company as the nation’s largest antimony mine.
Americas posted a net loss of $87 million in 2025 amid significant capital expenditures. The new veins add to the resource base that underpins the company’s projected silver output and cash‑flow generation for 2026 and beyond, helping to offset the high cost base and support the company’s goal of achieving a step‑change in silver production and profitability.
The discovery reinforces Americas Gold and Silver’s strategy of maximizing production from existing assets while focusing on high‑grade, low‑cost ore. By adding high‑grade veins close to existing infrastructure, the company can accelerate production, reduce development costs, and strengthen its competitive position in the U.S. silver market.
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