Earnings release
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AMERICAS GOLD AND SILVER AMERICAS GOLD AND SILVER REPORTS FINANCIAL RESULTS FOR Q2 2026 HIGHLIGHTED BY STRONG OPERATIONAL PERFORMANCE AT COSALÁ AND UPGRADE PROJECT PROGRESS AT THE GALENA COMPLEX - August 14 , 2026 - TORONTO , ONTARIO American : USAS ) ( " Americas " or the " Company ) a North American producer of silver and other critical minerals supporting the growth of artificial intelligence ( " AI " ) , electrification , national security , and advanced manufacturing , reports consolidated financial and operational results for the quarter ended June 30 , 2026 . Americas Gold and Silver Corporation ( TSX : USA ) ( NYSE This earnings release should be read in conjunction with the Company's Management's Discussion and Analysis , Financial Statements and Notes to Financial Statements for the corresponding period , which have been posted on the Americas Gold and Silver Corporation SEDAR + profile at www.sedarplus.ca , and on its EDGAR profile at www.sec.gov , and which are also available on the Company's website at www.americas- gold.com . All figures are in U.S. dollars unless otherwise noted . Highlights • • Consolidated net revenue increased to $ 46 million for Q2-2026 or 71 % increase compared to $ 27.0 million for Q2-2025 , primarily as a result of higher realized prices . ○ YTD - 2026 revenues of $ 114 million increased by 126 % compared to YTD - 2025 revenues of $ 50.5 million . The Company is on a strong growth trajectory , having generated nearly the equivalent of its entire fiscal 2025 revenue in the first half of 2026 . Consolidated silver production of 665,000 ounces was achieved during the quarter ○ ○ As previously announced , the Galena Phase 2 shaft upgrade program was extended by an additional two weeks to complete additional work . Also previously disclosed , silver production during the quarter was impacted due to a minor electrical fire in June , deferring access to a planned higher grade stope into the third quarter . Minor repairs in the affected area have been completed . Consolidated silver equivalent ounces¹ produced was approximately 801,000 ounces ( a 5 % decrease compared to Q2-2025 ) , including 2.3 million pounds of lead , 0.9 million pounds of copper , and 97,000 pounds of antimony . Consolidated silver equivalent ounces for the first half of 2026 was approximately 1.7 million ounces ( a 2 % increase compared to the first half of 2025 ) , including 4.2 million pounds of lead , 1.8 million pounds of copper , and 234,000 pounds of antimony . Remain on - track to achieve full - year guidance of 3.2 to 3.6 million silver ounces , with production expected to be weighted to the second half of the year as the ramp up of operations in Idaho continues . Strong operational performance at Cosalá , delivering 337,000 ounces of silver during the quarter which represents a 26 % year over year increase when compared to Q2-2025 . 1 This is a supplementary or non - GAAP financial measure or ratio . See “ Non - GAAP and Other Financial Measures " section for further information . 1