$USAS

Americas Gold & Silver (TSX: USA, NYSE American: USAS) said it removed more than US$85M in legacy precious metal delivery obligations in Q2 2026 via share issuances, a physical gold delivery, and proceeds from gold price protection instruments. Q2 silver production was 665,000 oz, with 1.5M oz in H1. It reaffirmed 2026 silver guidance of 3.2M to 3.6M oz at AISC US$30 to US$35/oz and plans US$90M to US$120M capex.

Americas Gold and Silver (TSX: USA, NYSE American: USAS) reported Q2 2026 consolidated silver production of 665,000 ounces and sales of 624,000 ounces. It also produced 2.3 million lb lead, 850,000 lb copper, and 97,000 lb antimony. The company cited a Galena electrical fire for lower Q2 output and reiterated 2026 silver guidance of 3.2 to 3.6 million oz at $30 to $35 AISC.

By noon EDT, Canada’s TSX rose 16.66 points to 35,432.86, helped by a weaker drag from gold and a firmer Canadian dollar at 71.25 U.S. cents. Cogeco Communications fell after missing Q3 revenue estimates. TFI International gained after a Scotiabank rating upgrade. TSX Venture fell. U.S. S&P 500 was little changed; Dow rose on strong UnitedHealth results.

Canada’s TSX Composite fell 62.7 points to 35,212.14 as health-care and resources weighed on the market. Curaleaf dropped 9.1% and Bausch Health fell 1.9%. In tech, Microsoft slid about 1% after job cuts, while Dell rose over 4% after a White House promotion. The TSX Venture fell 1.5%.

Canada’s S&P/TSX Composite rose 0.33% to close at 34,850.21, helped by easing U.S. rate fears after May PCE inflation came in below forecasts, while Q1 2026 GDP was revised up. Energy gained as a Singapore-flagged vessel was attacked near the Strait of Hormuz, prompting caution. Materials led (+1.17%).

Canada’s TSX Composite fell 74.80 points to 34,927.38 on Wednesday, pressured by mining and energy shares amid investor caution over US-Iran disagreements on a potential peace deal. Lundin Mining dropped 4.7% to $33.08 and Hudbay 6.9% to $23.62. The Canadian dollar slipped to 70.37 US cents.

BMO Capital raised its price target on Americas Gold and Silver Corp. (USAS) from C$10 to C$12 and reiterated an Outperform rating on May 19, citing Galena Complex production on track and progress on an operational optimization plan. In its May 15 Q1 FY2026 call, the company reported production growth and strong cost performance, plus increased focus on antimony.

Americas Gold and Silver said new Cosalá infill drill results, reported after an Oct. 31 cutoff, returned grades up to 5x above its resource model at San Rafael Upper and 120 zones and are feeding mine planning for the second half. Examples include SR568 (14m of 599.8 g/t silver, 0.83% Cu) and 120-25-G95 (45m of 342.9 g/t silver, 0.85% Cu). The company also budgeted ~$20m for a 64,000m drill program.

Americas Gold and Silver Corp. (TSX: USA; NYSE American: USAS) said it agreed with International Royalty Corp., an affiliate of Royal Gold, to settle a remaining fixed gold delivery obligation under a 2019 Precious Metals Delivery and Purchase Agreement. The company will deliver 5,000 oz of gold and 2,652,532 shares (deemed US$5.86) to settle 8,861 oz due from June 2026–Dec 2027.

Monday, the TSX Composite rose 359.53 points (1%) to close at 34,830.89, with investors citing hopes for reduced U.S.-Israel-Iran tensions. The Canadian dollar edged up to 72.46 U.S. cents. Gold and gold stocks led gains: Aya Gold & Silver +7% and Hudbay Minerals +8.9%. RBC +$2.18 to $264.15, TD +1.2% to $156.56. Oil fell to $90.87; gold rose to $4,570.30.