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Americas Gold and Silver Buys Remaining 40% Stake in Galena Complex
USASAmericas Gold and Silver(USAS) ZACKS·2024-12-23 18:21

Americas Gold and Silver (USAS) has closed the acquisition of the remaining 40% interest in the Galena Complex in Idaho from an affiliate of Eric Sprott.  This move will help USAS to capitalize on the solid demand prospects for silver.Shareholders of Sprott affiliates received around 170 million common shares of USAS. Americas Gold and Silver also paid $10 million in cash. It will provide monthly silver deliveries of 18,500 ounces for 36 months starting in January 2026 to an affiliate of Sprott. USAS has al ...