Core Viewpoint - Americas Gold and Silver Corporation has successfully completed Phase 1 upgrades to the No. 3 Shaft at the Galena Complex ahead of schedule, significantly enhancing its hoisting capacity and operational efficiency [1][2][4]. Group 1: Upgrade Details - The Phase 1 upgrade was completed in 10 days, four days shorter than the planned 14 days [2][4]. - The hoist motor was upgraded from 1,750 hp to 2,250 hp, allowing full skips to be pulled from the deepest level of the mine (5600L) [6]. - The upgrades are expected to increase hoisting capacity from approximately 40 tons per hour (tph) to 100 tph, with initial operations already achieving 80 tph, marking a 100% improvement [3][4][6]. Group 2: Future Plans - Phase 2 upgrades are scheduled to begin before the end of the year, with a planned duration of approximately 10 days [7]. - The second phase will include further enhancements to hoisting control and automation systems [9]. Group 3: Strategic Importance - The upgrades are part of the company's broader strategy to increase production and efficiency at the Galena Complex, which is crucial for meeting future production targets [3][4]. - The company aims to generate over 80% of its revenue from silver by the end of 2025, solidifying its position as a silver-focused producer [7].