Americas Gold and Silver Posts Record Third-Quarter Silver Production of 800,458 Ounces
Key Facts
Americas Gold and Silver said its combined silver production reached a record 800,458 ounces in the third quarter of 2026, alongside record quarterly sales of 860,850 ounces. The operating update was announced on October 19, ahead of the call the company scheduled to discuss its financial results on November 13. The reported production and sales figures indicate the scale of activity during the quarter, while the company reserved details of its financial performance for the results discussion. Earnings per share, revenue and annual production guidance could not be verified from the available information. The documented picture therefore centers on the published production and sales figures, along with the announced call date.
Third-quarter silver production comprised 384,579 ounces from the Galena Complex in the United States and 415,879 ounces from the Cosalá operations in Mexico, according to company data. Cosalá therefore produced more than Galena during the period and accounted for the larger share of combined output of 800,458 ounces. The company said Cosalá production rose 23% quarter over quarter to 415,879 ounces. The breakdown measures each operation’s contribution to the record figure, with Cosalá posting an increase from the previous quarter. The published production figures do not include a year-over-year comparison for total silver output in the information presented here.
Alongside silver, the company produced 918,456 pounds of copper, 964,551 pounds of lead and 101,011 pounds of antimony in the third quarter. These figures reflect the range of metals produced during the period, alongside the metal highlighted in the company’s operating results announcement. The published data did not include realized prices for these metals or each metal’s contribution to revenue. It also provided no details on the operating costs associated with their production. These volumes remain quarterly operating indicators, separate from the financial results the company was preparing to discuss.
The company’s unaudited cash balance stood at $63 million on September 30, 2026, while available liquidity reached $113 million, according to its disclosure. Total liquidity included $50 million available under the existing credit facility with SAF. The disclosure reports these figures at quarter-end and shows that part of the available liquidity came from the credit facility, rather than from cash alone. The available statement did not detail how cash or the facility was used during the period. These figures formed part of the company’s published financial background ahead of the quarterly results discussion.
In the second quarter of 2026, the company reported consolidated revenue of $46 million, up 71% from $27 million in the same period of 2025, attributing the increase mainly to higher realized prices. It reported a net loss of $5 million, or $0.02 per share, compared with a loss of $15 million, or $0.06 per share, a year earlier. After its second-quarter results, the company said it remained on track to meet its 2026 production guidance of 3.2 to 3.6 million ounces of silver, at an all-in sustaining cost of $30 to $35 per ounce sold. First-half production had reached 1.5 million ounces, and the company expected annual production to be more heavily weighted toward the second half as operations in Idaho continued to ramp up. These figures provide prior context for comparing third-quarter results and the company’s guidance when its financial details are released.
In the second quarter, Cosalá produced about 337,000 ounces of silver, up 26% year over year, while Galena produced about 328,000 ounces, according to the company. Those figures differ from the third-quarter data, which showed Cosalá production rising to 415,879 ounces, up 23% quarter over quarter. The company’s shares, which trade under the ticker USAS, closed at $2.79 on November 12, according to EL7 data. The company scheduled a call to discuss its third-quarter results for November 13, 2026, at 11:00 a.m. Eastern Time. The call was expected to provide a forum to discuss financial results whose confirmed figures were not available in the published information available here.