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Americas Gold and Silver boosts silver resources by 10% with higher grades

A major silver resource upgrade reveals stronger reserves and richer grades. How will this reshape the company's production strategy?

The image shows a silver coin with the words "50 Ore" written on it, resting on a gray surface.
The image shows a silver coin with the words "50 Ore" written on it, resting on a gray surface.

Americas Gold and Silver boosts silver resources by 10% with higher grades

Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer, is pleased to announce that its consolidated silver Measured and Indicated ("M&I") Mineral Resources has increased by 10%, or 11 million ounces, and consolidated silver Inferred Mineral Resources has increased by 15%, or 17 million ounces, both net of mining depletions.

Resource and Reserve Highlights

  • Consolidated silver M&I Mineral Resources increased by 10% to 115.7 million ounces, grade increased by 30% to 239.8 g/t
  • Inferred Mineral Resources increased by 15% to 133.3 million ounces, grade decreased by 13% to 264.0 g/t
  • Galena silver M&I Mineral Resources increased by 19% to 87.9 million ounces, grade increased by 21% to 500.9 g/t
  • Inferred Mineral Resources increased by 3% to 105.7 million ounces, grade increased by 7% to 498.2 g/t
  • Proven & Probable Reserves increased by 2% to 16.3 million ounces, grade increased by 21% to 482.1 g/t

Exploration Highlights

  • Galena Complex - Major new discovery of the 520 Vein in the Coeur Mine
  • 520 Vein discovery at the Coeur Mine, part of the Galena Complex, where drilling has intersected multiple high-grade Ag-Cu-Sb intercepts
  • Cosalá Mine - Near mine high-grade discovery

Paul Andre Huet, Chairman and CEO, commented: "Our inaugural Resource and Reserve update under the strengthened team at Americas has delivered outstanding results. Since we began the initiative to recapitalize, analyze, and expand operations at Galena in early 2025, our exploration focus has been on adding high-quality, high-grade ounces to a new Resource and Reserve estimate that we can use as the foundation of our growth plan for years to come."

The updated consolidated Silver Mineral Resource is effective as of October 31, 2025, and represents an update to the previously released consolidated Mineral Resource as of December 31, 2024. The updated Measured and Indicated Silver Mineral Resource totals 115.7 million ounces, an increase of 10% (previously 104.8 million ounces). The updated Inferred Silver Mineral Resource totals 133.3 million ounces, representing a 15% increase (previously 116.1 million ounces).

The information contained in Table 4 is extracted from the report entitled "NI 43-101 Technical Report | Preliminary Economic Assessment | Crescent Silver Project | Shoshone County, Idaho USA" dated August 21, 2015 (the "2015 Technical Report"). Americas confirms that the form and context in which the Qualified Persons' findings are presented have not been materially modified from the original report.

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