Proposed Strategic Acquisition Of Crescent Silver Mine

TORONTO – Americas Gold and Silver Corporation has entered into a binding purchase agreement to acquire Crescent Silver, LLC which owns the Crescent Mine in Idaho.
Paul Andre Huet, Chairman and CEO, said, “The addition of the high-grade silver Crescent Mine to Americas portfolio, located just 9 miles by road from our producing Galena Complex, is a very compelling and synergistic acquisition opportunity that immediately capitalizes on the spare milling capacity at our Galena and Coeur mills. Crescent has the potential to be fast tracked into our growing production profile alongside Galena, allowing us to leverage our strong operations team located in the Silver Valley. Adding near-term silver ounces that maximizes the use of existing assets is the type of accretive growth we prioritize as a management team – the potential for the addition of near-term cash flow while realizing material operational synergies.”