Americas Gold & Silver Corp Expands Idaho Operations and Raises Capital

Americas Gold & Silver Corp (TSX: USA; NYSE: USAS) has announced a series of strategic moves that reinforce its position in the precious‑metal sector. In mid‑November, the company disclosed both a significant acquisition of the Crescent Silver Mine in Idaho and an up‑size of its private‑placement financing, underscoring a concerted effort to bolster production and support future growth.

1. Acquisition of Crescent Silver Mine

On 14 November 2025, the company confirmed it will acquire the Crescent Silver Mine, a historically productive underground operation located approximately four miles southeast of Kellogg, Idaho. The transaction is valued at US$65 million and is intended to:

  • Enhance the company’s presence in the Silver Valley region – the acquisition adds a high‑grade silver‑copper‑antimony tetrahedrite resource that closely mirrors the mineralogy of the existing Galena complex.
  • Unlock immediate synergies – the mined material will be processed at Americas’ existing mills, reducing additional capital expenditure.
  • Expand proven resources – the property contains 3.8 million ounces of measured and indicated silver, plus an additional 19.1 million ounces inferred, augmenting the company’s resource base and extending its mine life.

The Crescent mine’s historical production—over 25 million ounces of silver between 1917 and 1981 at an average grade of 891 g/t—demonstrates the high quality of the deposit and reinforces the company’s focus on efficient, low‑cost extraction of precious metals.

2. Upsize of “Bought Deal” Private Placement

Earlier on 13 November 2025, Americas announced that investor demand had prompted an amendment to its existing “bought deal” private placement. The company increased the aggregate gross proceeds to US$115 million, issuing 28,750,000 common shares at US$4.00 per share. Underwriters, led by Canaccord Genuity Corp. and BMO Capital Markets, were granted an option to purchase an additional 4,312,500 shares at the same price, potentially raising up to US$17.25 million more.

This capital infusion serves several purposes:

  • Financing the Crescent acquisition – the private placement provides the liquidity required to complete the $65 million purchase.
  • Supporting operational expansion – funds will be directed toward scaling mining activities, enhancing processing capabilities, and potentially exploring additional projects in the Silver Valley.
  • Strengthening the balance sheet – the influx of equity improves the company’s capital structure, enabling more flexible investment decisions in the future.

3. Market Context and Financial Position

As of 13 November 2025, the company’s shares traded at CAD 5.40 on the Toronto Stock Exchange. The stock has experienced a range between a 52‑week low of CAD 1.25 (29 December 2024) and a high of CAD 7.18 (15 October 2025). With a market capitalization of approximately CAD 1.55 billion and a price‑earnings ratio of –15.38, the firm remains a high‑growth, low‑cost mining service provider focused on gold and silver extraction in Canada and the United States.

The recent acquisition and capital raise represent a strategic alignment between resource expansion and financial capacity, positioning Americas Gold & Silver Corp to capitalize on favorable metal prices and to deliver increased shareholder value over the coming years.