USAS Boosts Mine Efficiency With Galena No. 3 Shaft's Phase 1 Upgrades

Core Insights - Americas Gold and Silver Corporation (USAS) has completed Phase 1 upgrades to enhance the hoisting capacity of the No. 3 Shaft at its Galena Complex, supporting its production growth strategy [1][8] Group 1: Upgrade Details - Phase 1 was completed in 10 days, ahead of the planned 14 days, and is part of a two-phase upgrade project [2] - The hoisting capacity has increased to 80 tons per hour, with the No. 3 Hoist motor's power upgraded from 1,750 hp to 2,250 hp [3] - A second 2,250 hp spare motor has been installed to provide backup capacity and reduce operational risks [3] Group 2: Future Plans - Phase 2 will focus on upgrading the hoist pads and braking system, with a new hoisting control console to enhance automation [4] - Phase 2 is expected to take around 10 days and be completed by the end of the year [4] - The completion of both phases is anticipated to improve the Galena mine's overall productivity and cost efficiencies by the end of 2025 [4] Group 3: Company Background - In late 2024, the company acquired the remaining 40% interest in the Galena Complex from an affiliate of Eric Sprott [5] - The Galena Complex is located in Idaho's Silver Valley, known for its production of silver, lead, zinc, and copper [6] Group 4: Stock Performance - USAS shares have increased by 301.4% over the past year, significantly outperforming the industry's growth of 15.4% [7]