08:38 AM EDT, 07/29/2025 (MT Newswires) -- Americas Gold and Silver ( USAS ) was at last look down 0.5% in US premarket trade Tuesday even after it reported a 54% quarterly increase in silver production for the second quarter.

A statement noted the company produced 689,000 ounces of silver in the three months ended June 30, rising from 446,000 ounces of silver produced in the first quarter.

Americas Gold and Silver ( USAS ) reported an unaudited consolidated cash balance of US$61.7 million as of June 30, an increase of US$52.9 million compared to March 31, 2025.

The company attributed the increase from the receipt of the first US$50 million tranche of its previously announced US$100 million senior secured debt facility, as well as the receipt of US$11.5 million from a private placement which was a pre-condition to the term loan facility.

During the second quarter, the company said it continued to deploy capital into its revitalization and growth plan in line with its budget.

Paul Andre Huet, Chairman and CEO, said: "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.

"At Cosala, 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."

Huet added: "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.

"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."