Toronto, Ontario — January 8, 2026 — Leads & Copy — Americas Gold and Silver Corporation is moving towards production at the Crescent Silver Mine in Idaho’s Silver Valley. The company acquired the mine on December 3, 2025.
Americas Gold and Silver is upgrading infrastructure, repairing equipment, and improving the site to prepare the mine for a mid-2026 restart of silver, copper, and antimony production. The company aims to leverage synergies with its Galena Complex.
Chairman and CEO Paul Andre Huet said the team has made progress toward restarting production in less than a month since closing the Crescent acquisition. He noted the installation of grid power electrical lines, the addition of new equipment, and site organization.
According to Huet, utilizing grid electrical power is expected to reduce power costs from approximately 55 cents per kWh to as little as 7 cents per kWh compared to prior diesel generators. The company has also expanded and upgraded the mining fleet with the addition of two new trucks and three new loaders.
The Crescent Silver Mine has produced over 25 million ounces of silver at an average grade of 26 opt (891 g/t) between 1917 and 1981. The mine is located approximately 4 miles southeast of Kellogg, Idaho. The mineralized material at Crescent is tetrahedrite, similar to the Galena material.
The property hosts 3.8 million ounces of historical Measured and Indicated Resource, as well as an historical Inferred Resource of 19.1 million ounces. The company plans to use cut and fill and long hole stoping mining methods.
Key highlights of the progress include:
- Material reduction in power costs through the installation of low-cost grid electrical power to the Hooper tunnel, connecting grid power to all three adits (Hooper, BC4, and Countess) replacing reliance on higher cost diesel generators. Initial power reduction estimations are from ~$0.55/kWh all the way down to ~$0.07/kWh.
- Installed a 6-inch air line down the mountain to service the BC4 Adit to provide compressed air for drilling, eliminating the use of higher cost and emission-heavy diesel compressors at BC4.
- Deployed communication lines connecting Hooper, BC4, and Countess for significantly improved safety and productivity in coordination of rehabilitation plan.
- Operationalized all existing underground equipment included in the acquisition, adding two new 20-ton trucks, two 2-yard loaders, one 4-yard loader, bringing total expanded and upgraded underground mining fleet to 11 pieces.
- Established designated laydown areas for ground support, pipe, and other materials to streamline workflows.
- Initiated upgrades of the site complex, including remodeling of the main office building and staff facility buildings.
Americas Gold & Silver is a North American mining company producing silver, copper, and antimony from operations in the U.S. & Mexico. In Dec. 2024, Americas acquired 100% ownership of the Galena Complex (Idaho). In Dec. 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 mi from Galena). Americas also owns & operates the Cosalá Ops. in Mexico.
Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.
Maxim Kouxenko, Manager, Investor Relations, Americas Gold and Silver Corporation, +1 (647) 888-6458
Source: Americas Gold and Silver Corporation
