Americas Gold and Silver (TSX:USA) produced 2.65 million ounces of silver in 2025, representing a 52% increase, compared to 2024 which totalled 1.74 million ounces.
The Cosalá operations, located in Mexico, produced 1.19 million ounces in 2025, driven by a record quarter output of 463,000 ounces for Q4.
CEO Paul Andre Huet says this new record was achieved in a robust and rising silver price environment that amplifies the revenue and cashflow benefits of the company’s expanded output.
“This was highlighted by the record year at Cosalá, where our team delivered the operation’s best-ever annual and quarterly silver output for the US, while at the same time ramping up the new EC 120 Mine to reach commercial production,” Andre Huet says.
Americas Gold and Silver full-year antimony and copper production from the Galena Complex totalled 561,000 pounds and 797,000 pounds, respectively. This also includes 127,000 pounds of antimony and 200,000 pounds of copper produced in Q4 2025.
Andre Huet adds that the copper and antimony production from Galena further shows the value potential of the company’s unique position as the “largest active US antimony miner”.
“The future is very exciting with respect to antimony production as we continue test work initiatives and evaluate numerous pathways to unlock the substantial bi-product antimony value at the Galena Complex,” he says.
“Moving forward, Americas’ is poised to become an industry leader in the nation’s ongoing efforts to re-establish critical metals security in the US.”
As of 31 December 2025, Americas Gold and Silver had an unaudited consolidated cash balance of US$130 million ($192.16 million) – representing an increase of US$90 million compared to 30 September.
The company says the increase in cash balance was driven by a US$132.25 million bought deal private placement financing which closed in December. As part of the placement, US$20 million was used to fund the cash portion of the Crescent Silver Mine acquisition.
This news comes following silver’s recent price surge – at US$94 an ounce – earlier this week. The price increase came following US President Trump threatening to impose new tariffs on eight European nations in a bid to gain control of Greenland, as previously reported.
At the time of writing, silver’s spot price sat at US$93.23 an ounce.
Americas Gold and Silver is a North American mining company focused on producing silver, copper, and antimony from operations in the US and Mexico.
Write to Aaliyah Rogan at Mining.com.au
Images: Americas Gold and Silver
