Strategic Resource Intelligence
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Strategic resources / Silver & antimony dossierSponsored by Americas Gold and Silver Disclosure ↗
Idaho, USA / NYSE American: USAS · TSX: USA
Silver.
Antimony.
Strategic supply.
Two materials. One connected resource story. Follow Americas Gold and Silver from its operating mines to the planned domestic antimony processing chain.
Company-reported information / Source review: 08 Oct 2026
Material record / Idaho's Silver Valley
Operating mine → Concentrate → Planned processing
01 / The operating pictureAn Idaho anchor.
An Idaho anchor.
A North American portfolio.
Galena is the domestic silver and antimony asset. Consolidated results also include the company's Mexican operations.
Operating / Idaho, United States
Galena Complex
The company's U.S. mining platform, with silver production and antimony-bearing concentrate.
328k ozGalena silver produced / Q2 2026, approximate
Shaft upgrade work and a minor electrical fire affected quarterly output. The company reported completion of repairs in the affected area.
Source: Q2 results / 14 Aug 2026 ↓Reported / Consolidated company results
Across the portfolio
Galena in Idaho and Cosalá in Sinaloa, Mexico contribute to the company total.
665k ozConsolidated silver produced / Q2 2026, rounded
- Cash / 30 Jun 2026
- US$88.9 million
- Q2 net loss
- US$5.0 million
- 2026 silver guidance
- 3.2–3.6M oz
Guidance is forward-looking; consolidated figures are not Galena-only output.
Source: Q2 results / 14 Aug 2026 ↓02 / The antimony pathwayFrom contained metal
From contained metal
to finished product.
The processing link is the development story. Antimony in concentrate and finished antimony are distinct products.
- 01 / Mine
Galena ore
Mining supplies silver-bearing material that also contains antimony.
- 02 / Concentrate
Contained antimony
The mine produces antimony-bearing concentrate as feed material.
- 03 / Develop
Idaho processing JV
A 51% Americas / 49% U.S. Antimony venture plans a processing facility at Galena.
- 04 / Target
Finished antimony
The proposed facility aims to connect U.S. mine feed to downstream antimony markets.
Development plan announced 10 Feb 2026. The agreement envisages an 18-month construction period starting from an agreed project budget. This is not a statement that the facility is commissioned. Read the JV announcement ↓
03 / The growth programInfrastructure.
Infrastructure.
Exploration.
Execution.
Track each workstream against its dated company source. A discovery, a construction milestone and achieved production measure different things.
Select a workstream to examine its status.01Galena infrastructure
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Phase 2 of the No. 3 Shaft modernization was completed during Q2. The company reported increased hoisting capacity as its Idaho upgrade program advanced. Q2 operating review ↓
02Crescent integration
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The company acquired the past-producing Crescent Silver Mine in December 2025. Its September drilling update reported 1,891.1 g/t silver and 0.3% copper over an estimated true width of 1.3 meters in hole SF-013. Shared infrastructure and processing remain part of the development plan. Galena and Crescent drilling / 18 Sep 2026 ↓
03Exploration at Galena
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On 18 September, Americas reported another new vein discovery at Galena alongside additional Crescent drill results. Exploration results describe sampled mineralization; they do not establish mine-wide production grades. Latest exploration update / 18 Sep 2026 ↓
04Cosalá resource drilling
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The September update reported 654.7 g/t silver and 1.5% copper over an estimated true width of 20.5 meters in hole SR583. The results were not included in the 2025 resource statement; incorporation into future resource estimates and mine plans remains ahead. Cosalá drilling / 17 Sep 2026 ↓
04 / Why this belongs in SilverWarsThe silver story extends
The silver story extends
through the processing chain.
Galena connects silver mining with an antimony byproduct opportunity. The strategic question is how domestic mineral production becomes usable supply: through processing capacity, commercial agreements and project execution.
The proposed JV would give Galena feed priority while allowing potential third-party material. U.S. Antimony would contribute processing expertise and market access. Company JV announcement ↓
Industrial relevance does not establish a government purchase commitment or guarantee a project's commercial outcome.
05 / Evidence at the source
The company source file.
Latest company releases, followed by the dated sources for operating results, exploration and processing plans.
Company news / AI infrastructure
↗
CEO participation announced for Reuters Momentum AI Austin 2026
Exploration / Galena and Crescent
↗
New Galena vein discovery and Crescent silver-copper drill results
Exploration / Cosalá
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Cosalá reports high-grade silver-copper results from resource drilling
Company news / TSX30
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Americas recognized in the 2026 TSX30 ranking
Operations / Financial results
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Second-quarter results and Galena upgrade progress
Exploration / Galena
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Six new silver-copper-antimony veins reported
Development / Antimony processing
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The Idaho joint venture agreement
Continue with the issuer's reports and releases.
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