Americas Gold and Silver Provides Update on Rapid Progress at Newly Acquired Crescent Silver Mine in Idaho
Americas Gold and Silver Provides Update on
Rapid Progress at Newly Acquired Crescent
Silver Mine in Idaho
Toronto, Ontario--(Newsfile Corp. - January 8, 2026) - Americas Gold and Silver Corporation (
TSX:
USA
) (
NYSE American: USAS
) ("Americas" or the "Company") is pleased to announce significant
advancements toward production at the recently acquired high grade Crescent Silver Mine in Idaho's
Silver Valley, just weeks after closing the transaction on December 3, 2025. Americas has progressed
rapidly with infrastructure upgrades, equipment repairs and additions as well as site upgrades to
position the mine for a mid-2026 restart of silver, copper and antimony production, leveraging synergies
with the Company's neighbouring Galena Complex. These upgrades help bring Crescent, a highly
prolific and high-grade past producing silver mine, up to modern standards as part of the Company's
efforts to scale production in the Silver Valley.
Key Highlights:
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.
Figure 1: Connecting grid power to the hooper adit - ripping a cable trench using a D-6 CAT
Cable Trencher
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Paul Andre Huet, Chairman and CEO, commented:
"In less than a month since closing the Crescent
acquisition, our team has achieved remarkable progress towards restarting production - from running
grid power electrical lines down the mountain to power all three adits and eliminating higher-cost
generators, to adding new equipment and organizing the site for efficient operations. This rapid
execution is an excellent start to our plan to establish best-in-class operations at Crescent. We're poised
to unlock multiple synergies with our neighbouring Galena Complex from procurement savings and
equipment sharing to G&A efficiencies and spare processing capacity.
Utilization of grid electrical power through the power line installation is a great example of the progress
we are making at Crescent as it is expected to reduce power costs compared to the prior diesel
generators from approximately 55 cents per kWh, down to as little as 7 cents per kWh. We've also
moved very quickly to expand and upgrade the mining fleet at Crescent with the addition of two new
trucks and three new loaders. This equipment will be put to immediate use in completing development
work ahead of a targeted mid-2026 restart.
We're very pleased that the revitalization of the high-grade Crescent Silver Mine is well under way and
we are proud to continue to contribute to the Silver Valley's economy through job creation and investment
in increased domestic silver, copper and antimony production."
Figure 2: One of the new 20-ton haul trucks being deployed at the Crescent Silver Mine
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About the Crescent Silver Mine
Crescent Silver Mine is a past-producing underground mine which 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, and consists of 10 acres of surface rights and 15
acres of patented claims and mineral rights over 64 patented claims. The mineralized material at
Crescent is tetrahedrite, which is identical to the Galena Ag-Cu-Sb material and ideally suited for Galena
and Coeur Mills. 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 intends to mine Crescent
using a combination of cut and fill and long hole stoping mining, similar to the successful optimization of
neighbouring Galena currently underway.
Figure 3: Long section view of Crescent Silver Mine with key adits, shaft and tunnels
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Figure 4: Overview of the Crescent Silver Mine, including infrastructure and vein locations
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Figure 5: Location of the Crescent Silver Mine in relation to the Galena Complex and other
selected properties in Idaho's Silver Valley
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About Americas Gold and Silver Corporation
Americas Gold & Silver is a rapidly growing North American mining company producing silver, copper,
and antimony from high-grade operations in the U.S. & Mexico. In Dec. 2024, Americas acquired 100%
ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, in
exchange becoming Americas' largest shareholder at ~15%. This unitized Galena as a cornerstone U.S.
silver asset and the nation's largest antimony mine. In Dec. 2025, Americas acquired the fully permitted,
past-producing Crescent Silver Mine (9 mi from Galena), creating significant potential future synergies
through shared infrastructure & processing. 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.
For more information:
Maxim Kouxenko
Manager, Investor Relations
Americas Gold and Silver Corporation
+1 (647) 888-6458
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities
laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions,
plans, assumptions and beliefs with respect to, among other things, estimated and targeted production
rates and results for silver, copper and antimony, the expected prices of silver, copper and antimony, as
well as the related costs, expenses and capital expenditures; the Company's execution of and expected
benefits from its growth strategy and plans, including the expected timing and completion of required
development and the expected operational and production results therefrom at the Crescent Silver Mine,
including the anticipated improvements to production and lowering of costs; statements relating to the
expected restart of the Crescent Silver Mine and the anticipated synergies with the Galena Complex;
statements relating to the expected power cost reductions at the Crescent Silver Mine; and statements
relating to results from recent infrastructure upgrades at the Crescent Silver Mine. Guidance and outlook
references contained in this press release were prepared based on current mine plan assumptions with
respect to production, development, costs and capital expenditures, the metal price assumptions
disclosed herein, and assumes no further adverse impacts to the Crescent Silver Mine from power or
equipment issues, and completion of the infrastructure upgrades at the Crescent Silver Mine on its
expected schedule and budget, the realization of the anticipated benefits therefrom, and is subject to the
risks and uncertainties outlined below. The ability to achieve production targets at the Crescent Silver
Mine through implementing the development plan, including the completion of the power, air,
communication and equipment upgrades on its expected schedule and budget, allowing the Company to
generate sufficient operating cash flows while facing market fluctuations in commodity prices and
inflationary pressures, are significant judgments in the consolidated financial statements with respect to
the Company's liquidity. Should the Company experience negative operating cash flows in future
periods, the Company may need to raise additional funds through the issuance of equity or debt
securities. Often, but not always, forward-looking information can be identified by forward-looking words
such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential', "estimate", "may", "assume"
and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions, or statements about future events or performance. Forward-looking information
is based on the opinions and estimates of Americas as of the date such information is provided and is
subject to known and unknown risks, uncertainties, and other factors that may cause the actual results,
level of activity, performance, or achievements of Americas to be materially different from those
expressed or implied by such forward-looking information. With respect to the business of Americas,
these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreak,
actions that have been and may be taken by governmental authorities to contain such epidemic or
pandemic or to treat its impact and/or the availability, effectiveness and use of treatments and vaccines
(including the effectiveness of boosters); interpretations or reinterpretations of geologic information;
unfavorable exploration results; inability to obtain permits required for future exploration, development or
production; general economic conditions and conditions affecting the industries in which the Company
operates; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral
and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the
ability to operate the Company's projects; and risks associated with the mining industry such as
economic factors (including future commodity prices, currency fluctuations and energy prices), ground
conditions, power supply disruptions and other factors limiting mine access or regular operations without
interruption, failure of plant, equipment, processes and transportation services to operate as anticipated,
environmental risks, government regulation, actual results of current exploration and production activities,
possible variations in ore grade or recovery rates, permitting timelines, capital and construction
expenditures, reclamation activities, labor relations or disruptions, social and political developments,
risks associated with generally elevated inflation and inflationary pressures, risks related to changing
global economic conditions, and market volatility, risks relating to geopolitical instability, political unrest,
war, and other global conflicts may result in adverse effects on macroeconomic conditions including
volatility in financial markets, adverse changes in trade policies, inflation, supply chain disruptions and
other risks of the mining industry. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are
cautioned not to place undue reliance on such information. Additional information regarding the factors
that may cause actual results to differ materially from this forward-looking information is available in
Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas
does not undertake any obligation to update publicly or otherwise revise any forward-looking information
whether as a result of new information, future events or other such factors which affect this information,
except as required by law. Americas does not give any assurance (1) that Americas will achieve its
expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-
looking information concerning Americas are expressly qualified in their entirety by the cautionary
statements above.
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