Americas Gold’s record silver output misses forecasts - The Northern Miner

AI desk brief

Americas Gold and Silver posted a record Q3 silver production of 800,458 oz., up 4.6% YoY, but still well below the 950,000 oz. median forecast from analysts. The company reaffirmed full-year 2026 silver guidance of 3.2-3.6mn oz. at AISC of $30-$35/oz, while nine-month production stood at 2.3mn oz.; Desjardins said USA needs about 1.1mn oz. in Q4, up 43% QoQ, to hit midpoint guidance.

Record silver sales reached 860,850 oz., about 7.5% above production, and the company said output at its Cosalá mine in Mexico rose 23% sequentially as grades improved. Shares slipped 0.4% in Toronto after the release, with ongoing infrastructure work at Galena still weighing on execution.