08:06 AM EST, 02/24/2025 (MT Newswires) -- Americas Gold and Silver ( USAS ) ticked 4.9% higher at last look on Monday in U.S. pre-market trading as it provided an update on its ongoing work programs at the Galena Complex in Idaho.

The company said upgrades are underway for the No. 3 shaft hoist, with completion expected in the fourth quarter. Americas Gold and Silver ( USAS ) also ordered five new pieces of underground equipment and initial deliveries are expected in the first quarter. A metallurgical test program is also in progress. In addition, the company intercepted a new high-grade silver-copper vein, and results include 53,839 grams per tonne silver and 16.3% copper over 0.15 meters.

Recent infill drilling in the 360 Complex also confirmed the continuity of economic mineralization and identified the shifting of higher grades shift into a parallel shear structure, the company said.

"As we move forward with these exciting programs, we remain committed to improving the productivity of the operation through a safety-focused approach," Chief Executive Paul Huet said. "We look forward to sharing further progress on all of our initiatives in the coming months."

In December, Americas Gold and Silver ( USAS ) acquired 100% ownership in the Galena Complex through a transaction with Eric Sprott and a Huet-led management team.