From $100M to $1.4B: Americas Gold & Silver’s Comeback Story

Americas Gold and Silver Corporation (TSX: USA; NYSE American: USAS) CEO Paul Huet speaks with Kitco Mining’s Paul Harris about the transformation of the Galena Mine in Idaho and the company’s return to growth across its U.S. and Mexico operations. Huet says his first goal was to rebuild the foundations for success. “If we want to turn that around, we've got to fix the mine. In order to do that, we need to change the board, change the executive team, change the corporate structure, and the shareholders, and that’s what we did.” With major shareholder Eric Sprott converting his 40% ownership in Galena into company shares, Huet and his team invested heavily alongside him. “I put 70% of our net worth into this, and I’m very happy we did because so far it’s been very good and there’s a lot of room from here,” he said. The company has raised $160 million, grown from under $100 million to about $1.4 billion in market value, and restarted exploration for the first time in decades. “There was no exploration at all. Zero exploration dollars.” Looking ahead, Huet says 2026 will be a pivotal year as the company issues its first production guidance and targets output growth from 1.5 million to 5 million ounces of silver per year. The company also expects stronger revenue as it begins receiving payments for gold, copper, and antimony. “We’re the only mine producing raw antimony in the U.S.” Subscribe to Kitco Mining for more CEO interviews and insights from across the mining sector. 00:30 - CEO Appointment and Initial Challenges 01:55 - Strategic Changes and Investments 05:22 - Operational Improvements at Galena Mine 12:25 - Exploration and Future Plans 18:30 - Financial Health and Negotiations 31:02 - Vision for the Future __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.