$USA.TO

Americas Gold and Silver Settles Fixed Gold Delivery Obligation With Royal Gold Affiliate

Americas Gold and Silver (USA.TO), up 3% in U.S. pre-market trading, has settled a fixed gold delivery obligation with Royal Gold affiliate International Royalty Corporation, the company said on Tuesday.Americas was obligated to deliver 8,861 ounces of gold to IRC between June 2026 and December 2027 under an April 2019 agreement, which had been entered into with Sandstorm Gold before it was acquired by IRC in October last year, a statement said.The company's obligation to deliver the gold will now be settled for immediate delivery of 5,000 ounces of gold and 2.65 million shares at a deemed price of US$5.86 each. The purchase and delivery of the 5,000 ounces of gold is being funded with the unwinding of the in-the-money gold price protection instruments in relation to this liability (of US$7 million) and cash on hand, the company said.The settlement of the fixed gold delivery obligation also removes over $40 million in variable future debt obligations which fluctuate with the price of gold, Americas said.Americas last week announced the termination of the silver delivery obligation to Sprott (SII.TO) as it works to strengthen its balance sheet and overall business."By removing this gold price linked obligation, as well as the previously announced agreement to terminate the Sprott Silver Deliver Agreement, we have now eliminated over US$85 million in variable future debt obligations at a very compelling equity valuation. We expect the removal of these legacy liabilities to have a significantly positive impact by further increasing silver price leverage for our shareholders and simplifying the silver price relationship to our bottom line. At current spot prices, this also represents another significant reduction of future cash debt service costs, allowing us to reinvest in operations for the benefit of our shareholders," chief executive and board chair Paul Huet said.Americas shares were last seen up US$0.17, to US$5.97, in New York trading.

Americas Gold and Silver In Agreement with Affiliate of Royal Gold to Settle Fixed Gold Delivery Obligation

Americas Gold and Silver Reaches Deal with Sprott Mining to Terminate Silver Delivery Obligation

Americas Gold and Silver (USA.TO) has reached an agreement with Sprott Mining (SII.TO) to terminate the remaining obligation under a silver delivery agreement in exchange for Americas shares, the company said on Friday.Under the agreement, the remaining 592,000 ounces of silver under the silver delivery agreement will be terminated in exchange for 8.0 million Americas common shares issued at a deemed price of US$5.57 per share.The elimination of the silver stream agreement removes over $45 million in variable future debt obligations.

Americas Gold and Silver In Agreement with Sprott Mining to Terminate Silver Delivery Agreement

Americas Gold and Silver Up 2.2% In US Premarket As Books Record Silver Production, Sales in Q1

Americas Gold and Silver (USA.TO) was at last look up 2.2% in US premarket after saying Thursday that it achieved record silver production and sales for the first quarter.The company in a statement said its consolidated silver production jumped 76% year over year to a record 787,000 ounces in the quarter. Silver sales reached a record 830,000 ounces due to a positive adjustment for timing of concentrate sales.Among other highlights, consolidated lead production for the quarter was 2.0 million pounds, consolidated copper production was 967,000 pounds, and consolidated antimony production was 137,000 pounds. Americas reported that it has achieved one year with no Lost Time Accidents (LTAs) at its Cosala mine in Mexico"With numerous projects designed and approved in 2025 now well underway, our strong operational start to the year puts us in a favorable position with respect to achieving our goals for 2026 as we continue our growth momentum," Chairman and Chief Executive Officer Paul Andre Huet said.The company said it is on track to complete phase-two upgrades to the No. 3 shaft at the Galena complex in Idaho during the second quarter.

Americas Gold and Silver Announces New Record Quarterly Silver Production and Sales, Including 787,000 Ounces Produced and 830,000 Ounces Sold