Americas Gold & Silver Places 24th on 2026 TSX30™

Americas Gold & Silver Corporation ranked 24th on the 2026 TSX30, the Toronto Stock Exchange (TSX) annual ranking of the 30 top-performing listed companies by 3-year dividend-adjusted share price performance, after its share price rose 477% over the 3 years ended June 30, 2026. The company reports $2.2 billion in market capitalization growth on the TSX over the same period and attributes the result to higher silver production, a strengthened balance sheet, and continued investment in high-grade assets in Idaho and Sinaloa, Mexico. Because the ranking measures past share price returns, the operational items that the release links to future results carry more weight for investors: the Galena Recapitalization Plan, the scale-up of the EC120 silver-copper mine, and a joint venture (JV) to build a domestic US antimony supply chain.

Company Overview

Americas Gold & Silver Corporation (TSX: USA | NYSE American: USAS) is a North American producer of silver and other critical minerals used in artificial intelligence, electrification, advanced manufacturing, and national security applications, with high-grade mining assets in the US and Mexico. Its flagship Galena Complex in Idaho, which the company describes as including the country's largest antimony mine, is complemented by the nearby, fully permitted Crescent Silver Mine, which hosts a high-grade silver resource that the company identifies as a growth option able to use shared infrastructure and processing. Through a 51/49 joint venture (JV), the company is developing an integrated domestic antimony supply chain from mine to finished product. In Mexico, it owns and operates the Cosalá Operations in Sinaloa, where it is scaling the high-grade EC120 silver-copper mine.

What the TSX30 Ranking Measures

The TSX30 ranks the 30 top-performing companies listed on the Toronto Stock Exchange (TSX) based on dividend-adjusted share price performance over a 3-year period. Americas Gold & Silver Corporation announced its inclusion in the 2026 list on September 9, 2026, placing 24th.

The company's share price increased 477% over the 3 years ended June 30, 2026, and the company reports $2.2 billion in market capitalization growth on the TSX over that period. Because the ranking is based entirely on share price returns, it reflects how the market has valued the company over 3 years rather than directly measuring production, costs, or reserves. Its usefulness to investors depends on whether the operational changes management cites as the basis for that performance continue to hold.

Management Links the Gain to Silver Production, Balance Sheet & Asset Investment

Management attributes the 3-year share price performance to three specific changes in the business.

Chairman and Chief Executive Officer of Americas Gold & Silver, Paul Andre Huet, tied the result to the company's operational and financial restructuring: 

"This performance reflects the transformation of our Company, including significant growth in silver production, a strengthened balance sheet and continued investment in our high-grade North American assets."

This release does not quantify the production increase or the balance sheet position. Investors seeking to test management's attribution against reported figures will need to refer to the company's quarterly disclosures filed on SEDAR+ and with the US Securities and Exchange Commission.

A Silver Base With Antimony & Copper Exposure

The asset base behind the ranking is split between Idaho and Sinaloa, with silver as the primary product and antimony and copper as additional revenue streams. In Idaho, the Galena Complex produces both silver and antimony, and the fully permitted Crescent Silver Mine offers a development option that the company positions around shared infrastructure and processing with Galena. The 51/49 JV extends the company's antimony exposure beyond mining into a domestic supply chain covering the full path from mine to finished product, which the company frames as supporting US critical mineral independence.

In Mexico, the Cosalá Operations host EC120, a high-grade silver-copper mine that the company is currently scaling. This gives the portfolio a second producing jurisdiction and copper exposure alongside its silver exposure.

Execution Conditions

Guidance assumes no further adverse impacts to the Cosalá Operations from blockades or work stoppages, and completion of shaft repair and shaft rehabilitation work at the Galena Complex on its expected schedule and budget. The company states that maintaining cash-flow-positive production at Cosalá, including EC120, and implementing the Galena Recapitalization Plan are significant judgments regarding its liquidity.

If the company experiences negative operating cash flows in future periods, it may need to raise additional funds through equity or debt. This links the strengthened balance sheet cited by management directly to execution at Galena and Cosalá.

Next Steps

The release identifies 4 workstreams as underway, none with stated completion dates: scaling the EC120 silver-copper mine at the Cosalá Operations in Sinaloa, Mexico; completing shaft repair and rehabilitation at the Galena Complex under the Galena Recapitalization Plan; building an integrated domestic antimony supply chain through the 51/49 JV; and advancing the Crescent Silver Mine as a growth option using shared infrastructure and processing.