Americas Gold and Silver (USA) Corporate presentation summary

Strategic growth and operational highlights

• Achieved district-scale consolidation in Idaho's Silver Valley, acquiring 100% of the Galena Complex and the nearby Crescent Silver Mine, with ~80% of revenue from silver and strengthened balance sheet through $300M+ in financings.

• Leadership team with proven track record in operational turnarounds and value creation, including successful exits at Karora Resources and Klondex Mines.

• Major upgrades at Galena Complex: doubled hoisting capacity, expanded mining fleet, and implemented mechanized mining, resulting in a 300% productivity increase since 2024.

• Largest-ever exploration program underway, with 64,000 meters of drilling planned across Idaho and Mexico, targeting high-grade Ag-Cu-Sb zones.

• Eliminated $76M in future variable obligations and $28M+ in annual debt service, improving financial flexibility and leverage to silver prices.

Resource growth and production guidance

• Consolidated Measured & Indicated (M&I) silver resources increased to 116 Moz (+10%) at 240 g/t Ag (+30%), with Galena Complex M&I at 87.9 Moz (+19%) at 501 g/t Ag (+30%).

• Inferred silver resources now 133 Moz (+15%) at 264 g/t Ag, with substantial conversion potential.

• 2026 production guidance: 3.2–3.6 Moz silver (+30% YoY), AISC of $30–35/oz, and $90–120M in capital investments, including major upgrades and exploration.

• Galena Complex remains one of the highest-grade silver mines globally, with recent discoveries in the 034, 149, and 520 veins yielding intercepts up to 24,913 g/t Ag and 16.9% Cu.

• Crescent Mine acquisition expected to add ~1.5 Moz Ag/year, leveraging existing infrastructure and processing capacity.

Asset portfolio and exploration upside

• Galena Complex is the largest active antimony mine in the U.S., with a JV to advance domestic antimony processing and supply chain security.

• Cosalá Operations in Mexico delivered record 2025 production (1.2 Moz Ag), with infill drilling returning grades 2–3x higher than previous resource models.

• Crescent Mine offers significant infrastructure, high recovery rates, and strong exploration potential, with only a small portion of landholding explored to date.

• Ongoing exploration at both Idaho and Mexico assets continues to deliver high-grade discoveries, supporting future resource and production growth.

• ~90% of H1 2026 revenue derived from silver, positioning the company among the highest silver-leverage peers.