Americas Gold and Silver provides Q2 production results

Americas Gold and Silver provided its Q2 production results. Q2 consolidated attributable silver production increased by 92% year-over-year and 15% quarter-over-quarter totaling approximately 0.57M ounces compared with approximately 0.30M ounces in Q2-2022 and 0.50M ounces in Q1. Consolidated attributable silver equivalent production in Q2 was approximately 1.3M ounces compared with approximately 1.2M ounces in Q1 and 1.3M ounces in Q2-2022. Production guidance for 2023 remains unchanged with consolidated attributable silver production expected to range between 2.2M and 2.6M ounces and consolidated attributable silver equivalent production expected to range between 5.5M and 6M ounces. The company successfully installed the Galena Hoist which is now operational as of the end of Q with only shaft repair remaining before final certification can be obtained. “The Company continued the strong momentum from Q1-2023 and delivered another solid production quarter in Q2-2023, resulting in a significant increase in silver production quarter-over-quarter and year-over-year. Production in the second half of the year is expected to be higher than the first half of the year,” stated Americas President and CEO Darren Blasutti. “The Galena Hoist was successfully installed by the end of the quarter with only shaft repair remaining on a part of the shaft. The Galena Hoist is expected to positively impact the Galena Complex operations for many years to come.”