Americas Gold expands Idaho presence with $65M deal for historic mine

First reported on MINING.com
30 Second Briefing
Americas Gold and Silver is acquiring Crescent Silver's historic mine in Idaho for $65 million, aiming to enhance its Silver Valley operations. The Crescent mine, located 9 miles from the Galena complex, produced over 25 million oz. of silver at an average grade of 891 grams per tonne between 1917 and 1981. With the potential to add 1.4 to 1.6 million oz. of silver annually, the acquisition leverages existing milling capacity at Galena and Coeur mills, promising increased production and cash flow by mid-2026.
Technical Brief
- Americas Gold and Silver is acquiring Crescent Silver for $65 million, aiming to expand operations in Idaho's Silver Valley.
- The Crescent mine, 4 miles southeast of Kellogg, produced over 25 million oz. of silver at an average grade of 891 g/t from 1917 to 1981.
- Current resources include 3.8 million oz. measured and indicated, plus 19.1 million oz. inferred.
- The acquisition leverages spare milling capacity at Galena and Coeur mills, enhancing synergy with existing operations.
- Crescent mine's proximity to Galena, just 9 miles by road, enables efficient integration into existing production workflows.
- Expected to add 1.4 to 1.6 million oz. of silver annually, with increased production anticipated by mid-2026.
- Synergies with Galena's operations include shared processing of silver-copper-antimony tetrahedrite ore.
- The acquisition supports Americas Gold's strategy to rapidly scale operations and boost cash flow.
Context From Recent Coverage
- Americas Gold and Silver's acquisition of the Crescent mine in Idaho, which historically produced 25 million ounces of silver, positions the company to potentially increase its annual silver output by up to 1.6 million ounces, leveraging the region's rich mineral deposits.
- In the last 90 days, a small number of mining stories have focused on silver and copper, highlighting a continued interest in these commodities, which are central to the Crescent mine's production profile.
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