Americas Gold & Silver Corp.

Americas Gold & Silver Corp. is a junior silver producer headquartered in Toronto, Canada, operating primarily in Mexico. The company's portfolio consists of 4 projects, comprising 2 operating mines, 1 advanced exploration, and 1 suspended project. Key assets include Galena Complex and Cosalá. The entity is a producer focused on precious and polymetallic mineral properties, particularly those already in production or with near-term potential. Its business model involves evaluation, acquisition, exploration, development, and operation. The company operates multiple processing facilities, including one with a capacity of 680 tonnes-per-day and another processing approximately 1,700 tonnes-per-day, producing various concentrates. A third plant with a 450 tonnes-per-day capacity is on care and maintenance. Mining techniques include selective methods such as cut and fill, suited for narrow-vein deposits. The organization believes it has flexibility in concentrate sales due to alternate processing and commercialization options, mitigating dependency on single purchasers. The business is subject to the cyclical nature of the minerals industry and competes with other mining companies for acquisitions, development projects, and qualified personnel.

Strategic focus centers on increasing production and lowering operating costs at a key operational complex, supported by a recent C$50 million financing and a consolidation transaction. A core objective is the development of a new project, with a timeline to reach full production by the end of 2025, funded in part by a secured credit facility. The enterprise is pursuing operational improvements through technical reviews, optimization work, and a metallurgical sampling program aimed at enhancing by-product recovery and revenue. Resource base expansion is a key priority, driven by exploration and drilling programs designed to discover new high-grade veins, explore under-explored areas, and systematically replace mined-out reserves. Capital allocation is directed towards funding these development and exploration initiatives to unlock value and position the company as a focused producer. The strategy also includes preparing new production guidance for 2025.

Executive leadership is headed by a Chief Executive Officer appointed in November 2024, who also serves as Chairman of the Board. This individual has a background as CEO of Karora Resources and Klondex Mines and has a stated focus on assembling an experienced technical team to enhance asset value. The Board of Directors oversees the company through 3 standing committees: Audit, Compensation and Corporate Governance, and Sustainability & Technical. The Audit Committee is composed of 3 independent directors, all of whom are financially literate, and is responsible for auditor oversight and financial reporting integrity. The governance framework includes a detailed Audit Committee Charter outlining procedures for auditor engagement, financial statement review, and handling of complaints. Management structure also includes a Chief Operating Officer with over 35 years of experience, noted for driving significant growth at Karora and Klondex.

The organization's sustainability program is formalized through public reporting, with its first report issued in March 2021 and a second in June 2022. A comprehensive report covering the period from 2022 to 2025 is currently in preparation under the direction of a Vice President of Sustainability and Communications. The corporate responsibility strategy is built on 5 key pillars: governance and business ethics, its people, health and safety, environmental stewardship, and community involvement. The company affirms its commitment to responsible mining that contributes to community growth through employment and local procurement. Environmental management includes compliance with regulations for water quality, air quality, and waste management, with proactive engagement with citizens and regulators to address concerns. The entity is focused on strengthening monitoring, controls, and disclosure of environmental issues affecting employees and surrounding communities.

The current corporate entity was formed through a series of transactions, including a 2014 merger between Scorpio Mining Corporation and U.S. Silver & Gold Inc., and the 2019 acquisition of Pershing Gold Corporation. In December 2024, the company completed the acquisition of the remaining 40% non-controlling interest in its Galena Complex from Eric Sprott, a transaction that consolidated its ownership. This deal involved the issuance of 170,000,000 common shares, a cash payment, and a commitment for future metal deliveries. A significant financing and offtake agreement was established with Trafigura PTE Ltd. in August 2024, providing a secured credit facility for the development of the EC120 Project in exchange for 100% of that project's future silver-copper concentrate production. As a result of the consolidation transaction, Eric Sprott holds approximately 20% of the company's outstanding common shares. Key operating subsidiaries include U.S. Silver Idaho Inc., Minera Cosalá S.A. de C.V., and Pershing Gold Corporation.