New York, Jan 25, 2026, 08:58 EST — Market closed
- USAS ended Friday at $9.29, gaining 9.6%, and later traded at $9.47 in after-hours.
- A fresh SEC prospectus permits a selling holder to offload 2.89 million shares linked to the Crescent Mine transaction
- Silver breaking past $100 and the Fed’s decision on January 28 loom as key hurdles for the rally
Shares of Americas Gold and Silver Corporation jumped 9.6% to $9.29 on Friday, riding a strong surge in silver prices past $100 an ounce. After-hours trading pushed the stock to $9.47, with activity continuing beyond the standard 9:30 a.m. to 4:00 p.m. ET window. (Public)
A filing on Friday introduced a new development for the coming week. The company submitted a prospectus to register 2.89 million shares for resale by Hale Capital Partners—roughly 0.9% of the total shares outstanding—linked to the Crescent Mine acquisition. Americas clarified it isn’t selling any stock and won’t receive any proceeds. (SEC)
U.S. markets were closed Sunday, leaving investors to assess if the metals rally can hold as they approach Monday. The Federal Reserve’s policy meeting runs Jan. 27-28, with a key rate announcement set for 2:00 p.m. ET and Chair Jerome Powell scheduled to speak at 2:30 p.m. ET on the 28th. (Federal Reserve)
Silver surged past $100 an ounce on Friday, with gold hitting a record $4,988, Reuters reported, as retail demand and momentum buying collided with a tight physical market. “Silver is in the midst of a self-propelled frenzy,” said StoneX analyst Rhona O’Connell. BofA strategist Michael Widmer estimated a “fundamentally justified” silver price closer to $60. (Reuters)
Americas’ news flow has been driving that leverage. In an update on Jan. 21, the company reported 2025 attributable silver production—output adjusted for its ownership stake—at 2.65 million ounces, a 52% jump from 2024. It also said its Cosalá operations in Mexico hit a record 1.19 million ounces for the year. (SEC)
Chief executive Paul Andre Huet attributed the increased output to a “robust and rising silver price environment” that “amplifies” both revenue and cash flow. The company confirmed its EC120 mine at Cosalá began commercial production on Jan. 1.
The same release showed an unaudited consolidated cash balance of roughly $130 million as of Dec. 31, following a bought-deal private placement in December, where underwriters purchase shares outright. It also highlighted antimony and copper by-product production from the Idaho-based Galena Complex, a detail investors have begun factoring back in amid Washington’s renewed focus on critical minerals.
Peers also shifted, though with less drama. Hecla Mining wrapped up Friday at $31.81, while Coeur Mining finished at $26.11, both lifted by the wider metals rally. (Hecla)
Monday’s early focus is on whether silver futures can stay above the $100 mark without slipping into another sharp drop. USAS has been acting like a high-beta metal proxy, and the limited liquidity in small caps tends to exaggerate price swings.
But leverage works both ways. The resale registration signals that stock could flood the market fast if the holder opts to sell. A sharp drop in silver prices would probably hit miners still in growth mode especially hard.
