Americas Gold and Silver Completes Acquisition of Crescent Silver Mine, Idaho
[Click image to enlarge]
Americas Gold and Silver has closed the acquisition of Crescent Silver which owns the Crescent Mine in Idaho. The consideration under the acquisition is made up of $20 million in cash and approximately 11.1 million common shares of Americas.
“The Crescent Mine is a synergistic addition to our Idaho operations located just nine miles from the Galena Complex. Crescent is a fully permitted past producing mine which we intend to restart to provide a supplementary high-grade source of feed for our Galena Complex mills. Crescent mineralized material is very similar to the tetrahedrite material at Galena which contains high grade Silver and significant by-product potential from antimony and copper, which meshes perfectly with our strategy to maximize the value of our production across metals,” said Paul Andre Huet, chairman and CEO.
“We are also encouraged by the completion of the $132 million over-subscribed bought deal financing we closed last week and welcome several new large shareholders to our register. We are fully-funded for the anticipated capital investments required to rapidly advance Cresent into production. We will also be continuing with our aggressive exploration drilling program across both assets in conjunction with our production ramp-up at the Galena Complex,” added Huet.
“We have worked hard to set the table for a very productive year in 2026 and beyond, and look forward to getting to work realizing the synergy potential between the Galena Complex and the Crescent Mine to maximize the value of the combined operation. We are excited about what is shaping up to be a productive year ahead across all of our operations, including at our Cosalá operations in Mexico where we continue our ramp up to high grade silver-copper production,” concluded Huet.
Crescent Mine is a past-producing underground mine which has produced more than 25 million ounces of silver between 1917 and 1981. The mine is located approximately four miles southeast of Kellogg, Idaho, and consists of 10 acres of surface rights and 15 acres of patented claims and mineral rights over 64 patented claims. The mineralized material at Crescent is tetrahedrite, which is identical to the Galena Ag-Cu-Sb material and ideally suited for Galena and Coeur Mills. The company intends to mine Crescent using a combination of cut and fill and long hole stoping mining, similar to the successful optimization of neighboring Galena currently underway.
Americas Gold and Silver is a rapidly growing North American mining company producing silver, copper, and antimony from high-grade operations in the United States and Mexico. In December 2024, Americas took full ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott and Paul Huet-led management team, solidifying Galena as a cornerstone U.S. silver asset and the nation’s leading active antimony-producing mine. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. With Eric Sprott now its largest shareholder, Americas is fully funded to grow Galena.
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2025 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
