Americas Gold and Silver Completes Strategic Acquisition of the Crescent Silver Mine in Idaho

Core Viewpoint - Americas Gold and Silver Corporation has successfully completed the acquisition of Crescent Silver, LLC, which owns the Crescent Mine in Idaho, enhancing its operational capabilities and resource base in the region [1][2]. Acquisition Details - The acquisition consideration includes US$20 million in cash and approximately 11.1 million common shares of Americas [2]. - The Crescent Mine is strategically located just 9 miles from the Galena Complex, allowing for operational synergies [3]. Operational Strategy - The company plans to restart the Crescent Mine, which is a fully permitted past-producing mine, to provide a high-grade source of feed for the Galena Complex mills [3]. - The mineralized material at Crescent is similar to that at Galena, containing high-grade silver and potential by-products such as antimony and copper, aligning with the company's strategy to maximize production value across metals [3]. Financial Position - The company recently completed a US$132 million over-subscribed bought deal financing, which positions it well for the anticipated capital investments needed to advance Crescent into production [4]. - The company is fully funded for its growth plans and will continue its aggressive exploration drilling program across both the Crescent and Galena assets [4]. Historical Resource Information - The Crescent Mine has produced over 25 million ounces of silver at an average grade of 26 opt (891 g/t) from 1917 to 1981 [6]. - The property hosts a historical Measured and Indicated resource of 3.8 million ounces and an Inferred Resource of 19.1 million ounces [6][9]. - The 2015 Preliminary Economic Assessment (PEA) projected a production of approximately 15 million ounces of silver and 5.8 million pounds of copper over an 11-year mine life, with an average annual production of 1.4 million ounces of silver and 0.5 million pounds of copper [11]. Company Overview - Americas Gold and Silver Corporation is a growing North American mining company focused on producing silver, copper, and antimony from high-grade operations in the U.S. and Mexico [13]. - The company aims to be a leading North American silver producer and a key source of U.S.-produced antimony, with significant ownership in the Galena Complex and Cosalá Operations [13].