Americas Gold (USAS) Unveils High-Grade Discovery and Strategic Share Consolidation

Americas Gold and Silver Corporation (NYSE:USAS) is one of the must-buy penny stocks to invest in. On August 22, Americas Gold and Silver Corporation announced promising exploration results at the Galena Complex, revealing a high-grade copper-silver-antimony extension of the 149 Vein.

Drilling from the 4300 Level uncovered intercepts as rich as 24,913 g/t silver and 16.9% copper over 0.21 meters, with nearly 120 meters of vertical continuity above current mining levels. The 149 Vein, already delivering consistent high-grade mill feed, is now under review for long-hole open stoping. This discovery supports the company’s strategy to enhance feed quality and operational efficiency, with over 4,800 meters drilled so far out of a planned 18,100 meters.

The company also completed its planned share consolidation on August 26, 2025, converting every 2.5 pre-consolidation shares into one. CEO Paul Andre Huet stated the move reinforces the capital structure, protects shareholder value, and enhances access to institutional investors.

Building on prior success at Karora Resources, the leadership sees this step as a strategic foundation for future growth and continued development of high-potential assets.

Americas Gold and Silver Corporation (NYSE:USAS) is a precious metals mining company. It operates a portfolio of assets in North America, including the Galena Complex in Idaho, the Cosalá Operations in Mexico, and the Relief Canyon mine in Nevada. The company produces silver, zinc, lead, and gold.

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Disclosure: None. This article is originally published at Insider Monkey.