Americas Gold and Silver Corporation announced a $115 million upsized private placement, issuing 28.75 million common shares at $4.00 each and giving underwriters the option to purchase an additional 4.3125 million shares for up to $17.25 million.
Net proceeds will be allocated to the cash component of the pending acquisition of the Crescent Mine, to fund capital expenditures at the Galena Complex and Cosalá Operations, and to provide working capital for the Crescent Mine and general corporate purposes.
The financing follows a $50 million equity raise in late 2024 and a $100 million senior secured debt facility closed in June 2025, strengthening the balance sheet and reducing overall debt exposure. The new equity infusion also improves liquidity for future growth initiatives.
Americas Gold and Silver has reported a 37% year‑over‑year increase in revenue driven by higher production at the Galena Complex and Cosalá Operations. The company remains the only U.S. producer of antimony, adding strategic value to its portfolio. Despite these gains, the company posted net losses in Q3 2025 and a debt‑to‑equity ratio of 1.07, indicating continued reliance on debt financing.
Chairman and CEO Paul Andre Huet emphasized that the private placement is a strategic move to accelerate the Galena Complex expansion and secure the Crescent Mine acquisition, which is expected to create operational synergies and increase silver output.
Market participants reacted to the dilution inherent in the equity raise, but many analysts highlighted the strategic importance of the Crescent Mine acquisition and the company’s ability to fund future projects, suggesting a long‑term positive outlook despite short‑term dilution concerns.
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