Americas Gold and Silver Reports Strong Growth in Q3 2025 as Company Executes Strategy at Galena

Core Insights - Americas Gold and Silver Corporation reported a significant increase in consolidated silver production, achieving 765,000 ounces in Q3-2025, a 98% increase year-over-year and an 11% increase quarter-over-quarter, driven by operational improvements at the Galena Complex and progress at the Cosalá Operations [3][11][15] - The company experienced a consolidated revenue increase to $30.6 million for Q3-2025, a 37% rise compared to $22.3 million in Q3-2024, attributed to higher silver production and realized prices despite lower production of zinc and lead [3][4][10] - The company confirmed the viability of supplying significant antimony production to meet U.S. domestic supply requirements, with year-to-date antimony production reported at 447,466 pounds [3][8][19] Production and Operations - Consolidated silver production included approximately 440,000 ounces from the Galena Complex, a 36% increase from Q3-2024, and 325,000 ounces from the Cosalá Operations, a 70% increase year-over-year [3][15][19] - The Galena Complex's production was supported by consistent access to higher-grade tetrahedrite ore, while the Cosalá Operations transitioned into the high-grade EC120 Project [3][15][19] - The company completed a planned 10-day shutdown for Phase 1 upgrades to the Galena No. 3 Shaft, achieving a 100% productivity improvement ahead of schedule [3][5][14] Financial Performance - The company reported a net loss of $15.7 million for Q3-2025, slightly improved from a net loss of $16.1 million in Q3-2024, as it continues to invest strategically in operations [3][4][10] - Adjusted loss for Q3-2025 was $4.3 million, an improvement from an adjusted loss of $11.8 million in Q3-2024, with adjusted EBITDA of $1.9 million compared to an adjusted EBITDA loss of $1.3 million in the prior year [4][10][48] - Cash and cash equivalents stood at $39.1 million as of September 30, 2025, with $50 million remaining undrawn on the existing credit facility [3][10] Cost Metrics - The average cost of sales per silver equivalent ounce produced was $22.95, with cash costs averaging $24.11 and all-in sustaining costs at $30.06 for Q3-2025 [3][12][40] - Cash costs per silver ounce increased compared to the previous year, primarily due to lower by-product credits as the company transitions into new mining zones [12][35][39] Strategic Initiatives - The company engaged Lot Sixteen, a government relations firm, to discuss support for antimony production with the U.S. Government and explore the potential construction of a dedicated antimony processing plant in Idaho [3][8][19] - Recent metallurgical testing confirmed over 99% antimony extraction from copper concentrate, indicating a strong potential for future revenue from antimony [6][7][8] - The company is focused on increasing production and lowering costs through various operational improvements and capital investments [4][5][10]