Latest news with #Galena
National Post
2 days ago
- Business
- National Post
Americas Gold and Silver Corporation Announces Strong 54% Quarterly Increase in Q2 2025 Production Results
Article content TORONTO — Americas Gold and Silver Corporation (the 'Company' or 'Americas') (TSX:USA; NYSE American: USAS) is pleased to announce strong consolidated silver production of 689,000 ounces for the second quarter of 2025, an increase of 54% compared to 446,000 ounces produced in the first quarter of 2025. Article content Americas' unaudited consolidated cash balance as at June 30, 2025 was US$61.7 million, an increase of US$52.9 million compared to March 31, 2025. The increased cash balance benefited from the receipt of the first tranche (US$50 million) of the previously announced US$100 million senior secured debt facility ('Term Loan Facility') and the receipt of US$11.5 million from a non-brokered private placement which was a pre-condition to the Term Loan Facility (see Americas news releases dated June 3, 2025, and June 25, 2025). During the second quarter, the Company continued to deploy capital into its revitalization and growth plan in line with its budget. Article content Paul Andre Huet, Chairman and CEO Commented: 'I am extremely pleased with our very strong second quarter results which were a 54% improvement on the first quarter of this year. After spending significant effort underground at Galena conducting numerous time studies, engineering work, productivity-focused projects and implementing both new equipment and adjusting the mining method, our operation in Idaho delivered a 34% quarter-over-quarter increase – a tremendous result by the team. At Cosalá, outstanding efforts by our operating team delivered a 103% improvement on the first quarter as the operation progresses on schedule towards the transition into EC120 later this year. Overall, we are delighted with the results across our operations after just two quarters at the helm with the new combined team working very well together. Article content The strong second quarter production and our significantly bolstered balance sheet have set us up with the resources we need to continue executing on the initial phases of our operational strategy focused on unlocking the massive potential of our asset base for our shareholders. Article content Overall, our operational performance in the first half of 2025 puts us in a very favourable position with respect to achieving our goals for 2025 as we build our growth momentum. We look forward to providing further updates as we continue our 2025 development and drill programs.' Article content About Americas Gold and Silver Corporation Article content Americas Gold & Silver is a growing precious metals mining company with multiple assets in North America. In December 2024, Americas increased its ownership in the Galena Complex (Idaho, USA) from 60% to 100% in a transaction with Eric Sprott, solidifying its position as a silver-focused producer. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Eric Sprott is the Company's largest shareholder, holding an approximate 20% interest. Americas has a proven and experienced management team led by Paul Huet, is fully funded to execute its growth plans, and focused on becoming one of the top North American silver plays, with an objective of over 80% of its revenue to be generated from silver by the end of 2025. Article content Cautionary Statement on Forward-Looking Information: Article content This news release contains 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to, among other things, the ability to achieve production results and maintain conditions for operational results and expectations described herein, and are subject to the risks and uncertainties outlined below. Often, but not always, forward-looking information can be identified by forward-looking words such as 'anticipate,' 'believe,' 'expect,' 'goal,' 'plan,' 'intend,' 'potential,' 'estimate,' 'may,' 'assume,' and 'will' or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; security conditions in the areas where the Company's operations are located (including the Cosalá Operations in Sinaloa, Mexico); fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above. Article content Article content Article content Article content Contacts Article content For further information, please contact: Article content Maxim Kouxenko – Article content Manager, Investor Relations Article content Article content M: +1(647)888-6458 Article content Article content Article content Article content
Yahoo
30-06-2025
- General
- Yahoo
PHOTO ESSAY: In rural Alaska, collecting driftwood saves time, money and brings jobs
GALENA, Alaska (AP) — As ice breaks on the Yukon River, Jake Pogrebinsky looks at the water from shore, searching for a large log floating downstream. When he spots one, he hops into his wooden motorboat and roars toward it, chainsawing any roots or branches that might still be attached, a hand-rolled cigarette never far from his lips. Then he drags the log with a rope toward shore, where eventually it will be used in the community here in central Alaska. Pogrebinsky, 59, has been collecting driftwood in this remote, sprawling village of Galena for as long as he can remember. It's part of his job, but it also brings him great joy. 'Doing this, it's the greatest time,' he said. Plucking logs from the river provides jobs and heating Naturally felled and chopped trees and logs have long journeyed down rivers and oceans, transported by winds, waves, currents and ice, some eventually swooped up by people for building, heating, tools and more. Indigenous people have done the practice for millennia and it continues today. Rather than paying to barge or fly in wood, Galena residents say gathering floating logs not only saves money and energy, but also allows people to connect with their environment. 'It provides local jobs. We're using local materials, we're using local labor,' said Brooke Sanderson, tribal administrator for the local Louden Tribe. Most of the collected driftwood becomes firewood for heating during bone-chilling winters, but it is also transformed into sidings for new energy efficient homes being built for members of the Louden Tribe. Collecting large floating logs is just one of the village's sustainable practices: For nearly a decade, locally harvested trees have been shredded into wood chips that heat a bustling boarding school. And soon, a nearly-completed solar farm will curb the town's reliance on expensive, imported diesel. In the summer of 2024, the tribe set up a sawmill — which Pogrebinsky operates — to process driftwood and trees into lumber. They had tried to harvest trees off the land but it was too time consuming and labor intensive, said Sanderson. Collecting driftwood, she said, was more worth people's time. Pogrebinsky can tell you all the reasons why. For one, the river carries a lot of good wood the village generally wouldn't have. 'The quality of material is very high. ... They can be permanent materials that would last decades." And by the time he catches a driftwood, most of the logging and branch removal has been done, and the bark has washed away. 'It's amazing. It saves so much energy,' said Pogrebinsky. A good season brings in so much driftwood that you can hardly see the water, he added, and a boat is nearly impossible to use. Pulling out driftwood also has environmental benefits Enda Murphy, assistant professor of civil engineering at the University of British Columbia who has researched coastal driftwood, said too much can smother vegetation in sensitive ecosystems and consume oxygen that fish and other species need. But these floating logs can also transport seeds, plants and serve as perches for birds and hiding spots for fish. A big question researchers are still working to answer is: How much is too much? And when does it start having adverse impacts on the environment? 'This is something that we don't really fully understand,' said Murphy. With Pogrebinsky's help, the Louden Tribe is working to get more people to collect driftwood from the river and sell it to the sawmill, and in the process reap all the benefits of being in nature. 'A big part of the idea is to encourage people to go out and do this. To see the value of this. To experience all the marvelous things that I have experienced,' said Pogrebinsky. ___ Pineda reported from Los Angeles. ___ The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP's environmental coverage, visit
Associated Press
30-06-2025
- General
- Associated Press
PHOTO ESSAY: In rural Alaska, collecting driftwood saves time, money and brings jobs
GALENA, Alaska (AP) — As ice breaks on the Yukon River, Jake Pogrebinsky looks at the water from shore, searching for a large log floating downstream. When he spots one, he hops into his wooden motorboat and roars toward it, chainsawing any roots or branches that might still be attached, a hand-rolled cigarette never far from his lips. Then he drags the log with a rope toward shore, where eventually it will be used in the community here in central Alaska. Pogrebinsky, 59, has been collecting driftwood in this remote, sprawling village of Galena for as long as he can remember. It's part of his job, but it also brings him great joy. 'Doing this, it's the greatest time,' he said. Plucking logs from the river provides jobs and heating Naturally felled and chopped trees and logs have long journeyed down rivers and oceans, transported by winds, waves, currents and ice, some eventually swooped up by people for building, heating, tools and more. Indigenous people have done the practice for millennia and it continues today. Rather than paying to barge or fly in wood, Galena residents say gathering floating logs not only saves money and energy, but also allows people to connect with their environment. 'It provides local jobs. We're using local materials, we're using local labor,' said Brooke Sanderson, tribal administrator for the local Louden Tribe. Most of the collected driftwood becomes firewood for heating during bone-chilling winters, but it is also transformed into sidings for new energy efficient homes being built for members of the Louden Tribe. Collecting large floating logs is just one of the village's sustainable practices: For nearly a decade, locally harvested trees have been shredded into wood chips that heat a bustling boarding school. And soon, a nearly-completed solar farm will curb the town's reliance on expensive, imported diesel. In the summer of 2024, the tribe set up a sawmill — which Pogrebinsky operates — to process driftwood and trees into lumber. They had tried to harvest trees off the land but it was too time consuming and labor intensive, said Sanderson. Collecting driftwood, she said, was more worth people's time. Pogrebinsky can tell you all the reasons why. For one, the river carries a lot of good wood the village generally wouldn't have. 'The quality of material is very high. ... They can be permanent materials that would last decades.' And by the time he catches a driftwood, most of the logging and branch removal has been done, and the bark has washed away. 'It's amazing. It saves so much energy,' said Pogrebinsky. A good season brings in so much driftwood that you can hardly see the water, he added, and a boat is nearly impossible to use. Pulling out driftwood also has environmental benefits Enda Murphy, assistant professor of civil engineering at the University of British Columbia who has researched coastal driftwood, said too much can smother vegetation in sensitive ecosystems and consume oxygen that fish and other species need. But these floating logs can also transport seeds, plants and serve as perches for birds and hiding spots for fish. A big question researchers are still working to answer is: How much is too much? And when does it start having adverse impacts on the environment? 'This is something that we don't really fully understand,' said Murphy. With Pogrebinsky's help, the Louden Tribe is working to get more people to collect driftwood from the river and sell it to the sawmill, and in the process reap all the benefits of being in nature. 'A big part of the idea is to encourage people to go out and do this. To see the value of this. To experience all the marvelous things that I have experienced,' said Pogrebinsky. ___ Pineda reported from Los Angeles. ___ The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP's environmental coverage, visit
The Independent
30-06-2025
- General
- The Independent
PHOTO ESSAY: In rural Alaska, collecting driftwood saves time, money and brings jobs
As ice breaks on the Yukon River, Jake Pogrebinsky looks at the water from shore, searching for a large log floating downstream. When he spots one, he hops into his wooden motorboat and roars toward it, chainsawing any roots or branches that might still be attached, a hand-rolled cigarette never far from his lips. Then he drags the log with a rope toward shore, where eventually it will be used in the community here in central Alaska. Pogrebinsky, 59, has been collecting driftwood in this remote, sprawling village of Galena for as long as he can remember. It's part of his job, but it also brings him great joy. 'Doing this, it's the greatest time,' he said. Plucking logs from the river provides jobs and heating Naturally felled and chopped trees and logs have long journeyed down rivers and oceans, transported by winds, waves, currents and ice, some eventually swooped up by people for building, heating, tools and more. Indigenous people have done the practice for millennia and it continues today. Rather than paying to barge or fly in wood, Galena residents say gathering floating logs not only saves money and energy, but also allows people to connect with their environment. 'It provides local jobs. We're using local materials, we're using local labor,' said Brooke Sanderson, tribal administrator for the local Louden Tribe. Most of the collected driftwood becomes firewood for heating during bone-chilling winters, but it is also transformed into sidings for new energy efficient homes being built for members of the Louden Tribe. Collecting large floating logs is just one of the village's sustainable practices: For nearly a decade, locally harvested trees have been shredded into wood chips that heat a bustling boarding school. And soon, a nearly-completed solar farm will curb the town's reliance on expensive, imported diesel. In the summer of 2024, the tribe set up a sawmill — which Pogrebinsky operates — to process driftwood and trees into lumber. They had tried to harvest trees off the land but it was too time consuming and labor intensive, said Sanderson. Collecting driftwood, she said, was more worth people's time. Pogrebinsky can tell you all the reasons why. For one, the river carries a lot of good wood the village generally wouldn't have. 'The quality of material is very high. ... They can be permanent materials that would last decades." And by the time he catches a driftwood, most of the logging and branch removal has been done, and the bark has washed away. 'It's amazing. It saves so much energy,' said Pogrebinsky. A good season brings in so much driftwood that you can hardly see the water, he added, and a boat is nearly impossible to use. Pulling out driftwood also has environmental benefits Enda Murphy, assistant professor of civil engineering at the University of British Columbia who has researched coastal driftwood, said too much can smother vegetation in sensitive ecosystems and consume oxygen that fish and other species need. But these floating logs can also transport seeds, plants and serve as perches for birds and hiding spots for fish. A big question researchers are still working to answer is: How much is too much? And when does it start having adverse impacts on the environment? 'This is something that we don't really fully understand,' said Murphy. With Pogrebinsky's help, the Louden Tribe is working to get more people to collect driftwood from the river and sell it to the sawmill, and in the process reap all the benefits of being in nature. 'A big part of the idea is to encourage people to go out and do this. To see the value of this. To experience all the marvelous things that I have experienced,' said Pogrebinsky. ___ Pineda reported from Los Angeles. ___
Yahoo
28-06-2025
- General
- Yahoo
In words and photos, rural Alaska residents reflect on their village's sustainable practices
GALENA, Alaska (AP) — In rural central Alaska, a village is in the midst of a clean energy transformation that locals say will boost savings, build resilience and provide jobs. Galena wants to curb its reliance on expensive, imported diesel that when burned is one of the largest contributors of planet-warming emissions. Nearly 10 years ago, the village started harvesting trees to fuel a biomass plant to heat its bustling boarding school, offsetting about 100,000 gallons (about 380,000 liters) of diesel annually. The local Louden Tribe is encouraging people to collect floating logs from the Yukon River that can be used for firewood and siding for the sustainable homes they're building for members. And soon a 1.5-megawatt solar farm will allow the city to turn off its diesel engines and run on 100% clean, renewable energy on sunny summer days, with excess power stored in a battery for later use. That will save another 100,000 gallons annually. The Associated Press talked to residents about their village's sustainable and renewable energy projects. Here are some of their reflections: Tim Kalke, 46, general manager at Sustainable Energy for Galena Alaska 'We're just ensuring that our critical infrastructure has redundancy and protection built into it, so that every time there's a power outage, it doesn't turn into tens of thousands of dollars in repairs in its wake.' Jade Thurmond, 20, a Galena resident working on the solar farm 'I'm really excited for when we are using it and how we'll reduce our diesel usage. I think that would be pretty fun to see and to hear about in the future, and see what comes along.' Jake Pogrebinsky, 54, a sawmill operator for Louden Tribe and driftwood collector 'Instead of having to make money to pay for barge freight or to buy materials, you are spending your time out on the river. For a young person, as a lesson, as a skill-building activity, it cannot possibly be compared to.' Brad Scotton, 54, a Galena city council member 'What (the biomass plant) has done is stabilize (costs), and it's created a local workforce and a job base that we never used to have. So it's keeping the money that used to go outside within the community and providing pretty meaningful jobs for people.' Will Kramer, 29, an applied mechanics instructor at Galena Interior Learning Academy 'We are just at the whim of whatever somebody else that wants to make all the money off of us is saying and doing. And being able to install and integrate these systems in these communities, it kind of gives the freedom back to the communities.' Phil Koontz, 74 , a retired environmental engineer for the Louden Tribe 'It would be very hard to live here without outside resources. I see fuel as probably the main outside resource that we use. It provides most of the electricity, it provides most of the transportation, it provides most of the heat. I don't know what we're going to do without those things. One of the solutions I see is efficiency, reducing the need for energy to produce the same result, better insulated houses, better vehicles, better energy sources.' Aaren Sommer, 19, a Galena resident helping install the solar array The array is 'going to reduce the diesel usage a whole bunch over at the power plant, which is going to help us out.' ___ Pineda reported from Los Angeles. ___ The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP's environmental coverage, visit
