ExpansionJul 15, 2026, 06:11 AM
Americas Gold & Silver Completes Galena Shaft Upgrade, Boosting Hoisting by 100%
AI Summary
Americas Gold & Silver Corporation announced the completion of Phase 2 of the No. 3 Shaft modernization at its Galena Complex, significantly increasing hoisting capacity by 100% to 85 short tons per hour, with a target of 105 stph. This US$1.1 million investment is crucial for supporting planned ore production growth to 650 tons per day by late 2026. The company also reported a minor electrical fire at Galena and a regional wildfire near Crescent, both contained with no significant damage or impact on the full-year 2026 production guidance.
Key Highlights
- Completed Phase 2 of No. 3 Shaft modernization at Galena Complex.
- Increased current hoisting capacity by 100% to 85 stph, with potential for 105 stph.
- Total hoisting capacity expected to reach 1,350 tons per day.
- Supports planned ore production rates of 650 tons per day by end of 2026 (50% increase).
- Phase 2 capital expenditures totaled US$1.1 million.
- Minor electrical fire at Galena Mine, no injuries or significant damage; 4900 Level paused.
- Regional wildfire near Crescent Mine, no damage; operations resumed after 2 days.
- Full-year 2026 production guidance maintained despite incidents.
Price Impact
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