View settings100% · M+I+I · Resources excl. reserves · Native commodities

Reporting assumptions

These choices persist and are added to shared URLs.

Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

San Felipe

Mexico · ExploringUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (g/t Ag)	Contained (Moz Ag)	As at
Measured	—	—	—	—
Indicated	4.68 Mt	61.00 g/t	9.12 Moz	31 Oct 2025
Inferred	2.01 Mt	48.00 g/t	3.10 Moz	31 Oct 2025
Total Resources	6.68 Mt	57.10 g/t	12.22 Moz	31 Oct 2025
Proved	—	—	—	—
Probable	—	—	—	—
Total Reserves	—	—	—	—

Cut-off grade

2.3000 g/t Ag

Price assumption

—

JORC code year

—

Peer benchmark — exploring Ag projects (133 with resources)Resource size P51Resource grade P79View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: Americas Gold and Silver Announces New Major Discoveries in Idaho and Mexico and a Strong 2025 Resource & Reserve Update Including a 19% Year over Year Increase in M&I Mineral Resources and 21% Increase in M&I Grades at Galena · 31 Oct 2025
Reporting code: unknown
Convention: exclusive
Currency assumption: US$

Current R&R

Resources

Category	Tonnes (Mt)	Ag		As at	Source	Provenance
Category	Tonnes (Mt)	Grade (g/t Ag)	Contained (Moz Ag)	As at	Source	Provenance
Indicated	4.68 Mt	61.00 g/t	9.12 Moz	31 Oct 2025	Table 1: Consolidated Silver Mineral Resources as at October 31, 2025Unverified Evidence record San Felipe Indicated · Ag · as at 2025-10-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 4677000.0000 Grade 61.0000 Contained (oz) 9115000.0000 Classification Resource Source trail Americas Gold and Silver Announces New Major Discoveries in Idaho and Mexico and a Strong 2025 Resource & Reserve Update Including a 19% Year over Year Increase in M&I Mineral Resources and 21% Increase in M&I Grades at Galena Table 1: Consolidated Silver Mineral Resources as at October 31, 2025 Published 2026-03-30 Verification Approved; not independently verified · Model extracted QA WARN: document prints historical-estimate cautionary language ('not treating the Historical estimates as current') — a historical estimate is NOT a current mineral resource (t25 KLDC/LME class). Map each row to its source table; reject rows sourced from the historical-estimate disclosure. QA INFO: possible missing commodity coverage — the document prints Au, Cu, Pb grade/contained column(s) but the extraction emitted no Au, Cu, Pb rows; verify the R&R table columns (live class: GMTL Pilot Mountain Zn). Copies a pre-filled issue record so you can send it through your normal channel.

Inferred

2.01 Mt

48.00 g/t

3.10 Moz

31 Oct 2025

Table 1: Consolidated Silver Mineral Resources as at October 31, 2025Unverified

notes (4)

Source: Americas Gold and Silver Announces New Major Discoveries in Idaho and Mexico and a Strong 2025 Resource & Reserve Update Including a 19% Year over Year Increase in M&I Mineral Resources and 21% Increase in M&I Grades at Galena · published 30 Mar 2026

Ref: Table 1: Consolidated Silver Mineral Resources as at October 31, 2025

Unknown code — Reporting code not yet captured for this row.
Cutoff 2.30 g/t Ag — Cut-off grade assumption from the source statement.
excl — Stated Resources are EXCLUSIVE of Reserves — they sit on top of the reserve, so decks quoting inclusive resources will show a larger figure (inclusive = this row + the converted reserve).

QA notes:

QA WARN: document prints historical-estimate cautionary language ('not treating the Historical estimates as current') — a historical estimate is NOT a current mineral resource (t25 KLDC/LME class). Map each row to its source table; reject rows sourced from the historical-estimate disclosure. QA INFO: possible missing commodity coverage — the document prints Au, Cu, Pb grade/contained column(s) but the extraction emitted no Au, Cu, Pb rows; verify the R&R table columns (live class: GMTL Pilot Mountain Zn).