Americas Gold and Silver Closes Previously Announced Agreements to Settle Silver and Gold Delivery Obligations
Rhea-AI Summary
Americas Gold and Silver (TSX: USA, NYSE American: USAS) closed agreements to settle remaining silver and gold delivery obligations.
The company ended a 592,000-ounce silver obligation by issuing 7,956,696 shares, and settled 8,861 ounces of gold by delivering 5,000 ounces plus 2,652,532 shares.
Positive
- Terminated remaining 592,000-ounce silver delivery obligation to Sprott Mining
- Settled remaining 8,861-ounce gold delivery obligation to IRC affiliate
- Converted future metal delivery commitments into equity and 5,000 ounces of gold
Negative
- Issued 7,956,696 new shares at a deemed price of US$5.57
- Issued 2,652,532 new shares at a deemed price of US$5.86
- Delivered 5,000 ounces of gold to settle part of gold obligation
News Market Reaction – USAS
In the Jun 11 session, USAS gained 9.19%, reflecting a notable positive market reaction. Argus tracked a peak move of +9.6% during that session. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 01 | Drill results update | Positive | +1.5% | High‑grade infill drilling at Cosalá showing grades above resource model. |
| May 26 | Gold obligation settlement | Positive | +1.0% | Agreement to settle remaining 8,861 oz gold delivery obligation with IRC. |
| May 22 | Silver stream termination | Positive | +1.6% | Termination of 592,000 oz silver delivery agreement via share issuance. |
| May 14 | Q1 2026 results | Positive | -12.6% | Record Q1 silver output, revenue, and a swing to net income. |
| May 01 | Earnings call notice | Neutral | +2.6% | Notice of timing and access details for Q1 2026 results call. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent operational and balance sheet news has typically seen positive price reactions, except for Q1 2026 results, which coincided with a sharp -12.59% move despite strong fundamentals.
Over the past six weeks, Americas Gold and Silver has reported record Q1 2026 production and revenue, high‑grade drilling at Cosalá, and agreements to terminate silver and gold delivery obligations. These steps reduced variable, metal‑linked future debt and highlighted mine‑plan upside. Most such announcements on May 22, May 26, and June 1 produced modest gains, while the strong Q1 2026 earnings release on May 14 coincided with a double‑digit decline.
Key Terms
silver delivery agreement financial
precious metals delivery and purchase agreement financial
deemed price financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - June 11, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer is pleased to announce that it has closed the previously announced agreement with Sprott Mining Inc. (see Americas news release dated May 22, 2026) to terminate the remaining obligation to deliver 592,000 ounces of silver under the existing Silver Delivery Agreement with Sprott Mining Inc. in exchange for 7,956,696 shares of the Company issued at a deemed price of US
The Company is also pleased to announce it has closed the previously announced agreement with International Royalty Corporation ("IRC"), an affiliate of Royal Gold, Inc. (see Americas news release dated May 26, 2026) to settle its remaining obligation to deliver a total of 8,861 ounces of gold to IRC over the period between June 2026 and December 2027 under the existing Precious Metals Delivery and Purchase Agreement dated April 3, 2019, as amended. The Company's obligation to deliver 8,861 ounces of gold has been settled in exchange for the delivery of 5,000 ounces of gold by the Company and 2,652,532 common shares of the Company issued at a deemed price of US
About Americas Gold and Silver Corporation
Americas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired
For more information:
Miranda Powell
Manager, Communications
M: +1-775-771-8832
E: ir@americas-gold.com
W: americas-gold.com
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to anticipated results of the transactions contemplated herein. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to the risk factors relating to the Company found under the heading "Risk Factors" in the Company's most recent Annual Information or the Company's MD&A; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301031