Americas Gold and Silver posts Q2 2026 revenue jump, raises production progress

Americas Gold And Silver (TSX: USA ) released second-quarter financial results and hosted an earnings call on Friday.

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View the webcast at Summary Americas Gold And Silver reported a 71% increase in revenue year-over-year for Q2 2026, totaling $46.3 million and $114 million for the first half of the year, marking a 126% increase from the prior year.

The company completed significant infrastructure upgrades at the Galena Complex, including increasing hoisting throughput, which is expected to boost production capabilities.

Silver production goals for 2026 remain on track, with a target of 3.2 to 3.6 million ounces, supported by strong operational performance at the Cosalá mine.

Operational highlights include a significant 26% increase in silver production at Cosalá year-over-year and successful longhole stoping at Galena, indicating improved efficiency and reduced costs.

The company settled its remaining variable future silver and gold delivery obligations, simplifying its capital structure and enhancing financial flexibility.

Management expressed confidence in achieving future production guidance, emphasizing the strategic importance of silver in new technologies and the potential growth from domestic antimony production.

Full Transcript OPERATOR Hello and welcome to the Americas Gold And Silver second quarter 2026 conference call.

All lines have been placed on mute to prevent any background noise.

After the speakers' remarks, there will be a question and answer session.

If you'd like to ask questions during this time, simply press star 1 on your telephone keypad.

If you would like to withdraw your question, simply press star 1 again.

We'll now turn the conference over to Paul Hewitt, Chairman and CEO.

Please go ahead.

Paul Hewitt, Chairman and CEO Thank you.

Good morning everyone and welcome to Americas Gold And Silver second quarter 2026 conference call.

As always, this call is being recorded and will be available on our website's events page later today.

We will also be referencing a slide deck during today's webcast presentation.

Joining me on the call today are Warren Varga, our Chief Financial Officer, who will walk us through the main financial takeaways for the quarter, and Oliver Turner, our Executive Vice President of Corporate Development.

I'll begin with a few housekeeping items and then walk through the key operational and strategic highlights from the second quarter before turning the call over to Warren.

Over to slide three.

Before I begin, I'd like to remind you to review our cautionary statements regarding forward-looking information and non-GAAP measures contained in our second quarter MD&A, news release, and our presentations.

Please also note that unless otherwise stated, all dollars are US dollars.

Over to slide 5.

Safety remains the foundation of a strong operating culture and I really want to congratulate all of our employees on their continued commitment and performance, with zero lost-time accidents now extending well over a one-year period across both our operations in the US and in Mexico.

Well done to all of them.

During Q2, our team made significant progress across the company with a 26% year-over-year improvement in production at our Cosalá mine, continued with major infrastructure upgrades at Galena Complex and obviously the massive removal of the variable gold and silver price linked debt obligations, which we'll talk to a little later.

Consolidated silver production was approximately 665,000 ounces during the quarter, or a little over 800,000 silver-equivalent ounces.

These results reflected ongoing strong operational performance at Cosalá.

At Galena, the extended shutdown associated with phase two of the shaft and the upgrades are now well behind us.

We're actually now enjoying those improved infrastructures which we desperately need.

Thank you.

More importantly, we remain on track to achieve our full-year 2026 production guidance of 3.2 to 3.6 million ounces of silver.