New York, Jan 25, 2026, 08:58 EST — Market closed
- USAS closed Friday at $9.29, up 9.6%, then climbed to $9.47 in after-hours trading.
- A new SEC prospectus allows a selling holder to unload 2.89 million shares tied to the Crescent Mine deal
- Silver surging beyond $100 and the Fed’s January 28 decision stand out as critical challenges for the rally
Americas Gold and Silver Corporation shares climbed 9.6% to close at $9.29 on Friday, boosted by silver prices breaking past $100 an ounce. The momentum carried into after-hours trading, with the stock rising further to $9.47. Trading extended well beyond the usual 9:30 a.m. to 4:00 p.m. ET session. Public
A filing on Friday revealed a fresh update for next week. The company filed a prospectus to register 2.89 million shares for resale by Hale Capital Partners—about 0.9% of total shares outstanding—tied to the Crescent Mine acquisition. Americas made clear it isn’t selling any stock and won’t get any proceeds. SEC
U.S. markets stayed shut on Sunday, giving investors time to weigh whether the metals rally will persist heading into Monday. The Federal Reserve’s policy meeting takes place Jan. 27-28, with a crucial rate decision slated for 2:00 p.m. ET and Chair Jerome Powell set to speak at 2:30 p.m. ET on the 28th. Federal Reserve
Silver blasted through $100 an ounce on Friday, while gold soared to an all-time high of $4,988, Reuters reported. A surge in retail buying combined with tight supply pushed prices sharply higher. “Silver is in the midst of a self-propelled frenzy,” said StoneX analyst Rhona O’Connell. Still, BofA strategist Michael Widmer pegged a “fundamentally justified” silver price near $60. Reuters
News out of the Americas has fueled that leverage. On Jan. 21, the company updated its 2025 attributable silver production—meaning output adjusted for its ownership stake—at 2.65 million ounces, up 52% from 2024. It also announced its Cosalá operations in Mexico reached a record 1.19 million ounces for the year. SEC
Chief executive Paul Andre Huet pointed to a “robust and rising silver price environment” as the driver behind higher output, saying it “amplifies” revenue and cash flow. The company also confirmed that its EC120 mine at Cosalá started commercial production on Jan. 1.
The release also revealed an unaudited consolidated cash balance of about $130 million as of Dec. 31, after a bought-deal private placement in December where underwriters bought shares outright. It noted antimony and copper by-product output from the Idaho-based Galena Complex—a point investors are starting to weigh again as Washington sharpens its focus on critical minerals.
Peers moved too, but the action was quieter. Hecla Mining closed Friday at $31.81, and Coeur Mining ended at $26.11, both boosted by the broader metals rally. ir.hecla.com
Monday kicks off with eyes on silver futures holding above $100, trying to avoid another steep plunge. USAS has behaved like a high-beta play on metals, while thin trading in small caps often magnifies these price moves.
Leverage cuts both ways. The resale registration means that stock could hit the market quickly if the holder decides to sell. Miners still expanding would likely take a big hit if silver prices plunge sharply.
