Americas Gold & Silver
Americas Gold & Silver is a North American mining company that produces silver, copper, lead, zinc, and antimony from the Galena Complex in Idaho (the largest U.S. antimony mine), the Cosalá Operations in Mexico, and the recently acquired Crescent Silver Mine, selling concentrates to smelters and critical minerals to defense and industrial buyers.
- Company typePublic
- Founded2015
- HeadquartersToronto, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Americas Gold & Silver does
Americas Gold and Silver Corporation is a Toronto-headquartered, publicly traded mining company (NYSE American: USAS; TSX: USA) that produces silver, copper, lead, zinc, and antimony from high-grade underground operations in North America. Its principal assets are the Galena Complex in Idaho — the largest currently producing antimony mine in the United States and one of the top five highest-grade silver mines globally, operated under a 100%-ownership position acquired from Eric Sprott in December 2024 — and the Cosalá Operations in Sinaloa, Mexico, producing silver, copper, zinc, and lead from the San Rafael Mine and adjacent Zone 120 deposit. In December 2025 the company acquired the Crescent Silver Mine (located 9 miles from Galena) for approximately $65 million, adding the world's third highest-grade silver mineral resource, and in February 2026 it formed a 51/49 joint venture with United States Antimony Corporation to build North America's first commercial-scale hydromet antimony processing facility at Galena.
The company generates revenue by selling metal concentrates — silver-copper-antimony from Galena and silver-zinc-lead-copper from Cosalá — under offtake agreements with smelters and metal buyers at commodity-market prices (LME/COMEX). Concentrate sales are supplemented by silver and gold delivery obligations settled historically with Sprott, Ocean Partners, Glencore, and International Royalty Corporation. A new high-margin revenue stream begins in January 2026 following a metallurgical breakthrough enabling 99%+ antimony extraction from copper concentrates via proprietary Alkaline Selective Leaching (ASL) technology; antimony prices have risen from ~US$10k/tonne in 2020 to ~US$50k/tonne in Q3 2025, and the company has positioned itself as the sole U.S. domestic antimony producer addressing defense and clean-energy supply chain priorities.
The business is a sales-led commodity producer targeting institutional equity investors (Eric Sprott is the largest shareholder at ~14%; included in the Van Eck GDXJ ETF from March 2026) and a narrow set of smelter offtakers and government/defense end-buyers for critical minerals. Operational scale has expanded rapidly: 2025 silver production rose 52% to 2.65 million ounces; Q1 2026 silver output reached a record 787,000 ounces (+76% YoY) on revenue of $67.8 million; FY2026 production guidance is 3.2–3.6 million ounces. Capital has been raised through a series of equity placements and a US$100 million senior secured debt facility (June 2025) to fund Galena modernization (No. 3 Shaft hoisting capacity +150%) and the Crescent acquisition.
Americas Gold & Silver firmographics
Firmographics- Name
- Americas Gold & Silver
- Legal name
- Americas Gold and Silver Corporation
- Website
- https://americas-gold.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Americas Gold & Silver is a North American mining company that produces silver, copper, lead, zinc, and antimony from the Galena Complex in Idaho (the largest U.S. antimony mine), the Cosalá Operations in Mexico, and the recently acquired Crescent Silver Mine, selling concentrates to smelters and critical minerals to defense and industrial buyers.
- Ownership category
- akta.pro rank
Americas Gold & Silver industry classification
Industry- Product category
- Silver and Critical Minerals Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (21229)
- SIC
- Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industries
- Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH), Critical Minerals Trading, Offtake & Marketing (IMAKAFAJ), Gold Mining (IMAKAEAA)
Keywords
Where Americas Gold & Silver is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices5 records
Markets served
Americas Gold & Silver business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Silver Production and Sales: Primary revenue driver producing high-grade silver from Galena Complex (Idaho) and Cosalá Operations (Mexico). Silver is sold as concentrate or through silver delivery agreements. The company achieved record Q1 2026 production of 787,000 ounces representing 76% year-over-year increase.
- Copper Concentrate Sales: Copper production from tetrahedrite ore at Galena Complex. The company has achieved breakthrough metallurgical results enabling extraction of 99%+ antimony from copper concentrates, transforming previously unmonetized by-product into significant revenue source.
- Antimony Production and Sales: Strategic critical mineral production from Galena Complex - the largest active antimony mine in the United States. Year-to-date 2025 production of 447,466 lbs antimony with new offtake agreement enabling monetization starting January 2026. Antimony prices have surged from ~US$10k/tonne in 2020 to ~US$50k/tonne in Q3 2025.
- Lead and Zinc By-products: Lead and zinc production as by-products from galena ore processing at Galena Complex and Cosalá Operations, contributing to overall revenue alongside primary silver production.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Americas Gold & Silver product offering
Product offeringCore offering
Americas Gold & Silver is a North American mining producer that extracts and sells silver, copper, lead, zinc, and antimony concentrates from underground mining operations in the U.S. (Idaho, Nevada) and Mexico. The company processes tetrahedrite and galena ores through flotation and proprietary hydrometallurgical (ASL) technology to produce metal concentrates sold under offtake agreements to smelters. It operates the Galena Complex (largest U.S. antimony mine), the Cosalá Operations, and the Crescent Silver Mine.
Product overview
Americas Gold & Silver is a North American mining company producing silver, copper, lead, zinc, and antimony from high-grade underground operations. The company's core assets include the Galena Complex (Idaho) - the largest U.S. antimony mine producing silver-copper-antimony tetrahedrite ore; the Cosalá Operations (Mexico) including the San Rafael Mine and Zone 120 deposit; and the recently acquired Crescent Silver Mine (Idaho) with the world's third highest-grade silver resource. The company also operates development projects including Relief Canyon (Nevada) and San Felipe (Mexico). The company recently formed a joint venture with US Antimony to process antimony domestically, positioning it as a key U.S. source of this critical mineral for defense and technology applications.
Differentiator
Problem solved
Functional benefit
Products and services
- Galena Complex
Quantifiable outcome
- 76% year-over-year increase in Q1 2026 silver production to 787,000 ounces
- +4 more outcomes
Companies that use Americas Gold & Silver
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Americas Gold & Silver technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Americas Gold & Silver partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- United States Antimony CorporationcoreJoint venture to construct and operate a state-of-the-art hydromet processing facility in Idaho's Silver Valley. Americas Gold and Silver holds 51% ownership and US Antimony holds 49%. The facility will process antimony, silver, and copper from Americas' adjacent mines, representing the first commercial-scale hydromet processing center in North America. US Antimony serves as managing member and provides technical expertise and access to antimony marketing network including the U.S. Government. The JV aims to improve mineral recovery rates and reduce processing costs while capturing downstream processing profits.
- Allihies Engineering Inc.coreEngineering firm providing proprietary Alkaline Selective Leaching (ASL) hydrometallurgical technology for antimony extraction from copper concentrates. The technology achieves 99%+ antimony extraction rates and represents an optimized version of processes used for 60 years by Sunshine Mining.
Scale indicators18 records
Recent moves9 records
Expansion highlights5 records
Americas Gold & Silver competitors and assessment
Company assessmentDirect peers
- MAG Silver Corp. Mid-tier silver producer with primary operations in Mexico (Juanicipio project). Directly comparable as a high-grade silver-focused miner with North American assets and similar scale, although without antimony exposure.
- Coeur Mining, Inc. North American precious metals producer focused on silver and gold with operations in the U.S. and Mexico. Comparable silver-focused production profile, geographic footprint, and mid-cap scale.
- First Majestic Silver Corp. Pure-play silver producer with multiple Mexican mines producing silver and by-products (gold, zinc, lead). Comparable business model of high-grade underground silver mining with by-product credits and similar market cap tier.
- Endeavour Silver Corp. Mid-tier silver producer operating multiple underground mines in Mexico. Comparable silver-focused business model, Mexican operational footprint, and small-cap public market profile.
- Silvercorp Metals Inc. Silver-focused miner primarily producing silver, lead, and zinc from underground mines in China and Mexico. Comparable by-product metal mix (silver + base metals) and underground mining approach.
- United States Antimony Corporation: The company's JV partner (49% stake in antimony processing hub) and the largest current processor of antimony in the U.S. Comparable antimony focus and downstream processing capabilities; partial overlap as both partner and competitor in U.S. antimony supply chain.
Broad incumbents
- Hecla Mining Company: Largest U.S.-based silver producer with operations in Idaho's Silver Valley (Lucky Friday mine — adjacent to Americas' Galena Complex), Alaska, and Mexico. Directly comparable geography and silver focus, with established scale and broader metal diversification.
- Pan American Silver Corp. Major diversified silver producer with operations across the Americas (Mexico, Peru, Bolivia, Argentina). Larger scale incumbent with overlapping silver focus and similar Latin American operational exposure.
- SSR Mining Inc. Mid-tier precious metals producer with diversified gold and silver operations across the Americas and Turkey. Comparable mid-cap scale with precious metals focus and multi-asset portfolio approach.
Emerging players
- Perpetua Resources Corp. Developer of the Stibnite Gold Project in Idaho, which contains one of the largest U.S. antimony reserves. Comparable U.S. critical minerals positioning and Idaho operational proximity to Galena, representing future direct competition in domestic antimony supply.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Americas Gold & Silver social profiles
Digital presenceAmericas Gold & Silver financial estimates
Financial estimateRevenue estimate
Valuation estimate
Americas Gold & Silver leadership team
Management profileNumber of profiles
Profiles8 records
Americas Gold & Silver subsidiaries and ownership
Company hierarchySubsidiaries6 records
Americas Gold & Silver funding detail
Funding detailFunding overview
Funding rounds15 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Americas Gold & Silver M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Americas Gold & Silver
What does Americas Gold & Silver do?
Americas Gold & Silver is a North American mining producer that extracts and sells silver, copper, lead, zinc, and antimony concentrates from underground mining operations in the U.S. (Idaho, Nevada) and Mexico. The company processes tetrahedrite and galena ores through flotation and proprietary hydrometallurgical (ASL) technology to produce metal concentrates sold under offtake agreements to smelters. It operates the Galena Complex (largest U.S. antimony mine), the Cosalá Operations, and the Crescent Silver Mine.
Is Americas Gold & Silver a public or private company?
Americas Gold & Silver is a public company. It is classified as public and is currently operating.
When was Americas Gold & Silver founded?
Americas Gold & Silver was founded in 2015. It employs 101 to 250 people.
Where is Americas Gold & Silver based?
Americas Gold & Silver is headquartered in Toronto, Canada, in the North America region.
How does Americas Gold & Silver make money?
Four revenue lines are on record. Silver Production and Sales are the primary driver. The others are copper Concentrate Sales, antimony Production and Sales and lead and Zinc By-products.
Who are Americas Gold & Silver's main competitors?
Direct peers on record are MAG Silver Corp., Coeur Mining, Inc., First Majestic Silver Corp., Endeavour Silver Corp., Silvercorp Metals Inc. and United States Antimony Corporation. Broad incumbents are Hecla Mining Company, Pan American Silver Corp. and SSR Mining Inc.. Perpetua Resources Corp. is listed as an emerging player.
Does Americas Gold & Silver have an API?
No public API is recorded for Americas Gold & Silver.
What industry is Americas Gold & Silver in?
Americas Gold & Silver's product category is Silver and Critical Minerals Mining. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKADAH, Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid). Its NAICS code is 21222 and its SIC code is 1040.