05:08 PM EDT, 07/17/2024 (MT Newswires) -- Americas Gold and Silver ( USAS ) was up 11% in after-hours New York trading after the company said its second-quarter production rose 5.6% from the previous quarter.

The company said it produced 510,000 ounces of silver in the period, up from 480,000 million in the first quarter. It also produced 8.9 million attributable pounds of zinc and 4.4 million attributable pounds of lead during Q2-2024.

Quarterly output from the company's Galena Complex was the highest on record since 2013 with silver production of 560,000 ounces on a 100% basis and attributable production of 336,000 ounces as the operation benefitted from contributions to production from new mining areas.

"The Galena Complex had a terrific operating quarter with silver production at the highest level in over 10 years. In just one quarter, the company saw an average increase of ~$6 per silver ounce in its realized silver price and an estimated $10 per silver ounce reduction in AISC, significantly improving the company's operating margin," chief executive Darren Blasutti said in a statement

The company's shares were last seen up US$0.029 to $0.29 after hours. They closed down $0.04 to $0.35 on the Toronto Stock Exchange.