Galena Complex

The Galena Complex, now 100% owned by Americas Gold and Silver Corporation, is located in Idaho’s prolific Silver Valley, a historic mining district renowned for its production of silver, lead, zinc, and copper from iconic operations like the Bunker Hill, Sunshine, and Lucky Friday mines. The company completed the acquisition of the remaining 40% interest from an affiliate of Eric Sprott in December 2024, consolidating full ownership of this high-grade underground silver mine.

Americas is executing a comprehensive Recapitalization Plan to revitalize the Galena Complex. Key initiatives include upgrading the #3 shaft hoist system to boost hoisting capacity beyond 700 tons per day (tpd) by Q4 2025, acquiring five new underground vehicles for commissioning in Q2 2025, and optimizing metallurgical processes to improve recovery of by-products like copper, antimony, and gold. Recent exploration has uncovered high-grade silver-copper veins, such as the 049 vein with intercepts up to 1,731 ounces per ton (opt) silver and 16.3% copper, enhancing the potential for future production.

The Galena Complex boasts over 50 years of operating history, having produced more than 250 million ounces of silver alongside significant by-product lead and copper. Spanning nearly 9,000 hectares, the property includes three active shafts and two processing facilities: the Galena mill, with a capacity of over 1,100 tpd, currently producing silver-lead concentrate, and the Coeur mill, which remains on care-and-maintenance. The company is ramping up milling operations from three to seven days a week to accommodate increased ore production.

With a significant resource base and high-confidence exploration targets, the Complex offers significant growth potential, particularly through extensions and deeper, high-grade zones. Americas aims to leverage these assets to position itself as a leading North American silver producer, targeting over 80% of its revenue from silver by the end of 2025.

Drilling Results - May 4, 2020

Drilling Results - August 17, 2020

Drilling Results - October 22, 2020

Drilling Results - December 18, 2020

Drilling Results - January 6, 2021

Drilling Results - March 22, 2021

Drilling Results - May 16, 2021

Drilling Results - July 12, 2021

Drilling Results - November 4, 2021

Drilling Results - June 23, 2022

Drilling Results - April 4, 2023

Drilling Results - March 26, 2024