# EDGAR Filing Document

**Accession Number:** 0001286973
**File Stem:** 0001062993-25-015773
**Filing Date:** 2025-9
**Character Count:** 82369
**Document Hash:** fbefa81fdb7c72f1b0cf2a85c4e8ea85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-25-015773.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001062993-25-015773

**CONFORMED SUBMISSION TYPE**: SD

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Americas Gold & Silver Corp
- **CENTRAL INDEX KEY:** 0001286973
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4

**FILING VALUES:**
- **FORM TYPE:** SD
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37982
- **FILM NUMBER:** 251336102

**BUSINESS ADDRESS:**
- **STREET 1:** 145 KING ST. W.
- **STREET 2:** SUITE 2870
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 1J8
- **BUSINESS PHONE:** 604-678-9639

**MAIL ADDRESS:**
- **STREET 1:** 145 KING ST. W.
- **STREET 2:** SUITE 2870
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 1J8

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Americas Silver Corp
- **DATE OF NAME CHANGE:** 20150910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCORPIO MINING CORP
- **DATE OF NAME CHANGE:** 20040414

------

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM SD**

**Specialized Disclosure Report**

<u>**AMERICAS GOLD AND SILVER CORPORATION**</u>

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| <u>**Canada**</u> | <u>**001-37982**</u> | <u>**Not applicable**</u> |
| (State or other jurisdiction of<br>incorporation or organization) | (Commission File Number) | (IRS Employer<br>Identification No.) |

---

---

| | |
|:---|:---|
| **145 King Street West, Suite 2870**<br>**Toronto**<br><u>**Ontario, Canada**</u> | <br><u>**M5H 1J8**</u> |
| (Address of principal executive offices) | (Zip Code) |

---

**Warren Varga<br><u>647-286-4121</u>**<br> (Name and telephone number, including area code, of person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ______________.

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2024.

------

**SECTION 1 - CONFLICT MINERALS DISCLOSURE**

**Item 1.01 - Conflict Minerals Disclosure and Report**

Not applicable

**Item 1.02 - Exhibit**

Not applicable

**SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE**

**Item 2.01 Resource Extraction Issuer Disclosure and Report**

Americas Gold and Silver Corporation (the "Company") is subject to Canada's Extractive Sector Transparency Measures Act ("ESTMA"). The Company is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2024 to satisfy the requirements of Item 2.01. The Company's ESTMA report is available on the Company's website at <u>https://americas-gold.com/site/assets/files/5874/estma_2023.pdf</u> or on the Government of Canada's website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

**SECTION 3 - EXHIBITS**

**Item 3.01. Exhibits**

The following exhibit is filed as part of this report.

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| [2.01](exhibit2-01.htm) | [Extractive Sector Transparency Measures Act - Annual Report for the year ended December 31, 2024](exhibit2-01.htm) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

---

| | | |
|:---|:---|:---|
| **AMERICAS GOLD AND SILVER CORPORATION** | **AMERICAS GOLD AND SILVER CORPORATION** | **AMERICAS GOLD AND SILVER CORPORATION** |
| By: | */s/ Warren Varga* | 24-Sep-2025 |
|  |  | (Date) |

---

------

## Ex-2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** |
| **Reporting Entity Name** | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation |
| **Reporting Year** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From | 2024-01-01 | To: | 2024-12-31 | Date submitted | 2025-05-28 |
| **<br>Reporting Entity ESTMA Identification Number** | E272943 | E272943 | &nbsp;&nbsp;![](exhibit2-01x001.jpg)Original Submission<br> Amended Report | &nbsp;&nbsp;![](exhibit2-01x001.jpg)Original Submission<br> Amended Report |  |  |
| **Other Subsidiaries Included**<br>**(optional field)** |  |  |  |  |  |  |
| **Not Consolidated** |  |  |  |  |  |  |
| **Not Substituted** |  |  |  |  |  |  |
| **Attestation by Reporting Entity** |  |  |  |  |  |  |
|  <br>*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | <br>*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | <br>*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | <br>*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | <br>*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | <br>*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | <br>*In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* |
| **Full Name of Director or Officer of Reporting Entity** | **Bradley R. Kipp** | **Bradley R. Kipp** | **Bradley R. Kipp** | **Bradley R. Kipp** | <br>**Date** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>*2025-05-28* |
| **Position Title** | **Director** | **Director** | **Director** | **Director** | <br>**Date** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>*2025-05-28* |

---

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** |
| **Reporting Year** | **From:** | 2024-01-01 | **To:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024-12-31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024-12-31 |  |  |  |  |  |  |
| **Reporting Entity Name** | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | **Currency of the Report** | CAD | CAD |  |  |  |
| **Reporting Entity ESTMA**<br>**Identification Number** | E272943 | E272943 | E272943 | E272943 | E272943 |  |  |  |  |  |  |
| **Subsidiary Reporting Entities (if**<br>**necessary)** |  |  |  |  |  |  |  |  |  |  |  |
| **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** |
| **Country** | **Payee Name<sup>1</sup>** | **Departments, Agency, etc… within<br>Payee that Received Payments<sup>2</sup>** | **Taxes** | **Royalties** | **Fees** | **Production<br>Entitlements** | **Bonuses** | **Dividends** | **Infrastructure<br>Improvement<br>Payments** | **Total Amount paid<br>to Payee** | **Notes<sup>34</sup>** |
| Mexico | Government of Mexico | Secretariat of Economy | $553954 |  | $497451 |  |  |  |  | **$1051405** | Mining Concessions and Taxes |
| Mexico | Ejido San Felipe |  |  |  | $146263 |  |  |  |  | **$146263** | Right-Of-Way Easement |
| Mexico | Ejido San Jose de las Bocas |  |  |  | $116431 |  |  |  |  | **$116431** | Right-Of-Way Easement |
| United States of America | Shoshone County | Shoshone County Tax Collector | $376077 |  |  |  |  |  |  | **$376077** | Property Taxes |
| United States of America | Pension Benefit Guaranty Corporation |  |  |  | $384733 |  |  |  |  | **$384733** | Pension Benefit Payments |
| United States of America | State of Idaho | Idaho Department of the Environment |  |  | $304465 |  |  |  |  | **$304465** | Environmental Discharge Fee |
| United States of America | State of Nevada | Nevada Division of Environmental Protection |  |  | $115670 |  |  |  |  | **$115670** | Environmental Permits and Fees |
| United States of America | Government of United States of America | U.S. Department of Interior |  |  | $216541 |  |  |  |  | **$216541** | Mining Claims |
| United States of America | Government of United States of America | Bureau of Land Management |  |  | $176066 |  |  |  |  | **$176066** | Mining Claims |
| **Additional Notes:** | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | &nbsp;&nbsp;&nbsp;All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. |

---

<sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).

<sup>2</sup> Optional field.

<sup>3</sup> When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.

<sup>4</sup> Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** |
| **Reporting Year** | **From:** | 2024-01-01 | **To:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024-12-31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024-12-31 |  |  |  |  |
| **Reporting Entity Name** | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | Americas Gold and Silver Corporation | **Currency of the Report** | CAD | CAD | CAD |
| **Reporting Entity ESTMA**<br>**Identification Number** | E272943 | E272943 | E272943 | E272943 | E272943 |  |  |  |  |
| **Subsidiary Reporting Entities (if**<br>**necessary)** |  |  |  |  |  |  |  |  |  |
| **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** |
| **Country** | **Project Name<sup>1</sup>** | **Taxes** | **Royalties** | **Fees** | **Production<br>Entitlements** | **Bonuses** | **Dividends** | **Infrastructure<br>Improvement<br>Payments** | **Total Amount<br>paid by Project** **Notes<sup>23</sup>** |
| Mexico | Cosalá Operations | $553954 |  | $760145 |  |  |  |  | **$1314099** |
| United States of America | Galena Complex | $376077 |  | $834800 |  |  |  |  | **$1210877** |
| United States of America | Relief Canyon |  |  | $291736 |  |  |  |  | **$291736** |
| United States of America | Drumlummon |  |  | $70939 |  |  |  |  | **$70939** |
| **Additional Notes<sup>3</sup>** **:** | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate over the course of the reporting period at approximately 1.37. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate over the course of the reporting period at approximately 0.0752. |

---

<sup>1</sup> Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table.

<sup>2</sup> When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.

<sup>3</sup> Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

------

## Exhibit 2.01

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	<rxp:A contextRef="d_L0010" unitRef="CAD" decimals="0">176066</rxp:A>
	<rxp:P contextRef="d_L0010">rxp:Fees</rxp:P>
	<rxp:Co contextRef="d_L0010">country:US</rxp:Co>
	<rxp:Gv contextRef="d_L0010">usas:GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember</rxp:Gv>
	<rxp:R contextRef="d_L0010">usas:GoldAndSilverMember</rxp:R>
	<rxp:A contextRef="d_L0011" unitRef="CAD" decimals="0">553954</rxp:A>
	<rxp:P contextRef="d_L0011">rxp:Taxes</rxp:P>
	<rxp:Co contextRef="d_L0011">country:MX</rxp:Co>
	<rxp:Pr contextRef="d_L0011">usas:CosalOperationsMember</rxp:Pr>
	<rxp:R contextRef="d_L0011">usas:GoldAndSilverMember</rxp:R>
	<rxp:A contextRef="d_L0012" unitRef="CAD" decimals="0">760145</rxp:A>
	<rxp:P contextRef="d_L0012">rxp:Fees</rxp:P>
	<rxp:Co contextRef="d_L0012">country:MX</rxp:Co>
	<rxp:Pr contextRef="d_L0012">usas:CosalOperationsMember</rxp:Pr>
	<rxp:R contextRef="d_L0012">usas:GoldAndSilverMember</rxp:R>
	<rxp:A contextRef="d_L0013" unitRef="CAD" decimals="0">376077</rxp:A>
	<rxp:P contextRef="d_L0013">rxp:Taxes</rxp:P>
	<rxp:Co contextRef="d_L0013">country:US</rxp:Co>
	<rxp:Pr contextRef="d_L0013">usas:GalenaComplexMember</rxp:Pr>
	<rxp:R contextRef="d_L0013">usas:GoldAndSilverMember</rxp:R>
	<rxp:A contextRef="d_L0014" unitRef="CAD" decimals="0">834800</rxp:A>
	<rxp:P contextRef="d_L0014">rxp:Fees</rxp:P>
	<rxp:Co contextRef="d_L0014">country:US</rxp:Co>
	<rxp:Pr contextRef="d_L0014">usas:GalenaComplexMember</rxp:Pr>
	<rxp:R contextRef="d_L0014">usas:GoldAndSilverMember</rxp:R>
	<rxp:A contextRef="d_L0015" unitRef="CAD" decimals="0">291736</rxp:A>
	<rxp:P contextRef="d_L0015">rxp:Fees</rxp:P>
	<rxp:Co contextRef="d_L0015">country:US</rxp:Co>
	<rxp:Pr contextRef="d_L0015">usas:ReliefCanyonMember</rxp:Pr>
	<rxp:R contextRef="d_L0015">usas:GoldAndSilverMember</rxp:R>
	<rxp:A contextRef="d_L0016" unitRef="CAD" decimals="0">70939</rxp:A>
	<rxp:P contextRef="d_L0016">rxp:Fees</rxp:P>
	<rxp:Co contextRef="d_L0016">country:US</rxp:Co>
	<rxp:Pr contextRef="d_L0016">usas:DrumlummonMember</rxp:Pr>
	<rxp:R contextRef="d_L0016">usas:GoldAndSilverMember</rxp:R>
	<rxp:Fees contextRef="D_CosalOperationsMember" unitRef="CAD" decimals="0">760145</rxp:Fees>
	<rxp:Taxes contextRef="D_CosalOperationsMember" unitRef="CAD" decimals="0">553954</rxp:Taxes>
	<rxp:TotalPayments contextRef="D_CosalOperationsMember" unitRef="CAD" decimals="0">1314099</rxp:TotalPayments>
	<rxp:Fees contextRef="D_DrumlummonMember" unitRef="CAD" decimals="0">70939</rxp:Fees>
	<rxp:TotalPayments contextRef="D_DrumlummonMember" unitRef="CAD" decimals="0">70939</rxp:TotalPayments>
	<rxp:Fees contextRef="D_GalenaComplexMember" unitRef="CAD" decimals="0">834800</rxp:Fees>
	<rxp:Taxes contextRef="D_GalenaComplexMember" unitRef="CAD" decimals="0">376077</rxp:Taxes>
	<rxp:TotalPayments contextRef="D_GalenaComplexMember" unitRef="CAD" decimals="0">1210877</rxp:TotalPayments>
	<rxp:Fees contextRef="D_ReliefCanyonMember" unitRef="CAD" decimals="0">291736</rxp:Fees>
	<rxp:TotalPayments contextRef="D_ReliefCanyonMember" unitRef="CAD" decimals="0">291736</rxp:TotalPayments>
	<rxp:Fees contextRef="D" unitRef="CAD" decimals="0">1957620</rxp:Fees>
	<rxp:Taxes contextRef="D" unitRef="CAD" decimals="0">930031</rxp:Taxes>
	<rxp:TotalPayments contextRef="D" unitRef="CAD" decimals="0">2887651</rxp:TotalPayments>
	<rxp:Fees contextRef="D_MX_EjidoSanFelipeMember" unitRef="CAD" decimals="0">146263</rxp:Fees>
	<rxp:TotalPayments contextRef="D_MX_EjidoSanFelipeMember" unitRef="CAD" decimals="0">146263</rxp:TotalPayments>
	<rxp:Fees contextRef="D_MX_EjidoSanJoseDeLasBocasMember" unitRef="CAD" decimals="0">116431</rxp:Fees>
	<rxp:TotalPayments contextRef="D_MX_EjidoSanJoseDeLasBocasMember" unitRef="CAD" decimals="0">116431</rxp:TotalPayments>
	<rxp:Fees contextRef="D_MX_GovernmentOfMexicoSecretariatOfEconomyMember" unitRef="CAD" decimals="0">497451</rxp:Fees>
	<rxp:Taxes contextRef="D_MX_GovernmentOfMexicoSecretariatOfEconomyMember" unitRef="CAD" decimals="0">553954</rxp:Taxes>
	<rxp:TotalPayments contextRef="D_MX_GovernmentOfMexicoSecretariatOfEconomyMember" unitRef="CAD" decimals="0">1051405</rxp:TotalPayments>
	<rxp:Fees contextRef="D_US_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" unitRef="CAD" decimals="0">176066</rxp:Fees>
	<rxp:TotalPayments contextRef="D_US_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" unitRef="CAD" decimals="0">176066</rxp:TotalPayments>
	<rxp:Fees contextRef="D_US_GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" unitRef="CAD" decimals="0">216541</rxp:Fees>
	<rxp:TotalPayments contextRef="D_US_GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" unitRef="CAD" decimals="0">216541</rxp:TotalPayments>
	<rxp:Fees contextRef="D_US_IdahoDepartmentOfEnvironmentMember" unitRef="CAD" decimals="0">304465</rxp:Fees>
	<rxp:TotalPayments contextRef="D_US_IdahoDepartmentOfEnvironmentMember" unitRef="CAD" decimals="0">304465</rxp:TotalPayments>
	<rxp:Fees contextRef="D_US_NevadaDivisionOfEnvironmentalProtectionMember" unitRef="CAD" decimals="0">115670</rxp:Fees>
	<rxp:TotalPayments contextRef="D_US_NevadaDivisionOfEnvironmentalProtectionMember" unitRef="CAD" decimals="0">115670</rxp:TotalPayments>
	<rxp:Fees contextRef="D_US_PensionBenefitGuarantyCorporationMember" unitRef="CAD" decimals="0">384733</rxp:Fees>
	<rxp:TotalPayments contextRef="D_US_PensionBenefitGuarantyCorporationMember" unitRef="CAD" decimals="0">384733</rxp:TotalPayments>
	<rxp:Taxes contextRef="D_US_ShoshoneCountyTaxCollectorMember" unitRef="CAD" decimals="0">376077</rxp:Taxes>
	<rxp:TotalPayments contextRef="D_US_ShoshoneCountyTaxCollectorMember" unitRef="CAD" decimals="0">376077</rxp:TotalPayments>
	<rxp:Taxes contextRef="D_MX" unitRef="CAD" decimals="0">553954</rxp:Taxes>
	<rxp:Fees contextRef="D_MX" unitRef="CAD" decimals="0">760145</rxp:Fees>
	<rxp:TotalPayments contextRef="D_MX" unitRef="CAD" decimals="0">1314099</rxp:TotalPayments>
	<rxp:TotalPayments contextRef="D_US" unitRef="CAD" decimals="0">1573552</rxp:TotalPayments>
	<rxp:Fees contextRef="D_US" unitRef="CAD" decimals="0">1197475</rxp:Fees>
	<rxp:Taxes contextRef="D_US" unitRef="CAD" decimals="0">376077</rxp:Taxes>
</xbrli:xbrl>
</XBRL>

```

## Exhibit 2.01

```

<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<xs:schema
	targetNamespace="http://usas/20241231"
	elementFormDefault="qualified"
	xmlns:xs="http://www.w3.org/2001/XMLSchema"
	xmlns:rxp="http://xbrl.sec.gov/rxp/2024"
	xmlns:link="http://www.xbrl.org/2003/linkbase"
	xmlns:country="http://xbrl.sec.gov/country/2024"
	xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
	xmlns:snj="http://xbrl.sec.gov/snj/2024"
	xmlns:dtr="http://www.xbrl.org/dtr/type/2022-03-31"
	xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
	xmlns:xbrli="http://www.xbrl.org/2003/instance"
	xmlns:dei="http://xbrl.sec.gov/dei/2024"
	xmlns:ref="http://www.xbrl.org/2006/ref"
	xmlns:usas="http://usas/20241231"
xmlns:xlink="http://www.w3.org/1999/xlink">
	<!-- Created by Newsfile Form SD 2.01 conversion service -->
	<!-- newsfilecorp.com -->
	<xs:annotation>
		<xs:appinfo>
			<link:linkbase>
				<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member"/>
				<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all"/>
				<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension"/>
				<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain"/>
																						<link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/ProjectsOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#ProjectsOnly"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/ProjectsOnly">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#rxp_AllProjectsMember" xlink:label="AllProjectsMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_CosalOperationsMember" xlink:label="CosalOperationsMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllProjectsMember" xlink:to="CosalOperationsMember" order="1"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_DrumlummonMember" xlink:label="DrumlummonMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllProjectsMember" xlink:to="DrumlummonMember" order="2"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GalenaComplexMember" xlink:label="GalenaComplexMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllProjectsMember" xlink:to="GalenaComplexMember" order="3"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_ReliefCanyonMember" xlink:label="ReliefCanyonMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllProjectsMember" xlink:to="ReliefCanyonMember" order="4"/>
	</link:definitionLink>
				<link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/SegmentsOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#SegmentsOnly"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/SegmentsOnly">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#rxp_AllSegmentsMember" xlink:label="AllSegmentsMember"/>
	</link:definitionLink>
				<link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/EntitiesOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#EntitiesOnly"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/EntitiesOnly">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityDomain" xlink:label="EntityDomain"/>
	</link:definitionLink>
							<link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/GovernmentsOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#GovernmentsOnly"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/GovernmentsOnly">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#rxp_AllGovernmentsMember" xlink:label="AllGovernmentsMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_EjidoSanFelipeMember" xlink:label="EjidoSanFelipeMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllGovernmentsMember" xlink:to="EjidoSanFelipeMember" order="1"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_EjidoSanJoseDeLasBocasMember" xlink:label="EjidoSanJoseDeLasBocasMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllGovernmentsMember" xlink:to="EjidoSanJoseDeLasBocasMember" order="2"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GovernmentOfMexicoSecretariatOfEconomyMember" xlink:label="GovernmentOfMexicoSecretariatOfEconomyMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllGovernmentsMember" xlink:to="GovernmentOfMexicoSecretariatOfEconomyMember" order="3"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" xlink:label="GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllGovernmentsMember" xlink:to="GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" order="4"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" xlink:label="GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllGovernmentsMember" xlink:to="GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" order="5"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_IdahoDepartmentOfEnvironmentMember" xlink:label="IdahoDepartmentOfEnvironmentMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllGovernmentsMember" xlink:to="IdahoDepartmentOfEnvironmentMember" order="6"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_NevadaDivisionOfEnvironmentalProtectionMember" xlink:label="NevadaDivisionOfEnvironmentalProtectionMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllGovernmentsMember" xlink:to="NevadaDivisionOfEnvironmentalProtectionMember" order="7"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_PensionBenefitGuarantyCorporationMember" xlink:label="PensionBenefitGuarantyCorporationMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllGovernmentsMember" xlink:to="PensionBenefitGuarantyCorporationMember" order="8"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_ShoshoneCountyTaxCollectorMember" xlink:label="ShoshoneCountyTaxCollectorMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllGovernmentsMember" xlink:to="ShoshoneCountyTaxCollectorMember" order="9"/>
	</link:definitionLink>
							<link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/ResourcesOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#ResourcesOnly"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/ResourcesOnly">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#rxp_AllResourcesMember" xlink:label="AllResourcesMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GoldAndSilverMember" xlink:label="GoldAndSilverMember"/>
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllResourcesMember" xlink:to="GoldAndSilverMember" order="1"/>
	</link:definitionLink>
							<link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/Detail" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#Detail"/>
	<link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/Detail">
	</link:presentationLink>
							<link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/ByProject" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#ByProject"/>
	<link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/ByProject">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#rxp_AllProjectsMember" xlink:label="AllProjectsMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_CosalOperationsMember" xlink:label="CosalOperationsMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllProjectsMember" xlink:to="CosalOperationsMember" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_DrumlummonMember" xlink:label="DrumlummonMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllProjectsMember" xlink:to="DrumlummonMember" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GalenaComplexMember" xlink:label="GalenaComplexMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllProjectsMember" xlink:to="GalenaComplexMember" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_ReliefCanyonMember" xlink:label="ReliefCanyonMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllProjectsMember" xlink:to="ReliefCanyonMember" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
	</link:presentationLink>
				<link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/ByGovernment" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#ByGovernment"/>
	<link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/ByGovernment">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_AllCountriesDomain" xlink:label="AllCountriesDomain"/>
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#rxp_AllGovernmentsMember" xlink:label="AllGovernmentsMember"/>
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_MX" xlink:label="MX"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllCountriesDomain" xlink:to="MX" order="1"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_EjidoSanFelipeMember" xlink:label="EjidoSanFelipeMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllGovernmentsMember" xlink:to="EjidoSanFelipeMember" order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_EjidoSanJoseDeLasBocasMember" xlink:label="EjidoSanJoseDeLasBocasMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllGovernmentsMember" xlink:to="EjidoSanJoseDeLasBocasMember" order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GovernmentOfMexicoSecretariatOfEconomyMember" xlink:label="GovernmentOfMexicoSecretariatOfEconomyMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllGovernmentsMember" xlink:to="GovernmentOfMexicoSecretariatOfEconomyMember" order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_US" xlink:label="US"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllCountriesDomain" xlink:to="US" order="2"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" xlink:label="GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllGovernmentsMember" xlink:to="GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" xlink:label="GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllGovernmentsMember" xlink:to="GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_IdahoDepartmentOfEnvironmentMember" xlink:label="IdahoDepartmentOfEnvironmentMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllGovernmentsMember" xlink:to="IdahoDepartmentOfEnvironmentMember" order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_NevadaDivisionOfEnvironmentalProtectionMember" xlink:label="NevadaDivisionOfEnvironmentalProtectionMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllGovernmentsMember" xlink:to="NevadaDivisionOfEnvironmentalProtectionMember" order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_PensionBenefitGuarantyCorporationMember" xlink:label="PensionBenefitGuarantyCorporationMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllGovernmentsMember" xlink:to="PensionBenefitGuarantyCorporationMember" order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_ShoshoneCountyTaxCollectorMember" xlink:label="ShoshoneCountyTaxCollectorMember"/>
		<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AllGovernmentsMember" xlink:to="ShoshoneCountyTaxCollectorMember" order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
	</link:presentationLink>
				<link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/ByCategory" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd#ByCategory"/>
	<link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/ByCategory">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityDomain" xlink:label="EntityDomain"/>
	</link:presentationLink>
																						<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
					<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_CosalOperationsMember" xlink:label="CosalOperationsMember"/>
		<link:label xlink:type="resource" xlink:label="label_CosalOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cosal Operations [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_CosalOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Cosal Operations</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CosalOperationsMember" xlink:to="label_CosalOperationsMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_DrumlummonMember" xlink:label="DrumlummonMember"/>
		<link:label xlink:type="resource" xlink:label="label_DrumlummonMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Drumlummon [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_DrumlummonMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Drumlummon</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrumlummonMember" xlink:to="label_DrumlummonMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GalenaComplexMember" xlink:label="GalenaComplexMember"/>
		<link:label xlink:type="resource" xlink:label="label_GalenaComplexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Galena Complex [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_GalenaComplexMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Galena Complex</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GalenaComplexMember" xlink:to="label_GalenaComplexMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_ReliefCanyonMember" xlink:label="ReliefCanyonMember"/>
		<link:label xlink:type="resource" xlink:label="label_ReliefCanyonMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Relief Canyon [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_ReliefCanyonMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Relief Canyon</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReliefCanyonMember" xlink:to="label_ReliefCanyonMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GoldAndSilverMember" xlink:label="GoldAndSilverMember"/>
		<link:label xlink:type="resource" xlink:label="label_GoldAndSilverMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Gold and Silver [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_GoldAndSilverMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Gold and Silver</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoldAndSilverMember" xlink:to="label_GoldAndSilverMember"/>
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_MX" xlink:label="MX"/>
		<link:label xlink:type="resource" xlink:label="label_MX" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">MEXICO</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MX" xlink:to="label_MX"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_EjidoSanFelipeMember" xlink:label="EjidoSanFelipeMember"/>
		<link:label xlink:type="resource" xlink:label="label_EjidoSanFelipeMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Ejido San Felipe [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_EjidoSanFelipeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Ejido San Felipe</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EjidoSanFelipeMember" xlink:to="label_EjidoSanFelipeMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_EjidoSanJoseDeLasBocasMember" xlink:label="EjidoSanJoseDeLasBocasMember"/>
		<link:label xlink:type="resource" xlink:label="label_EjidoSanJoseDeLasBocasMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Ejido San Jose de las Bocas [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_EjidoSanJoseDeLasBocasMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Ejido San Jose de las Bocas</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EjidoSanJoseDeLasBocasMember" xlink:to="label_EjidoSanJoseDeLasBocasMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GovernmentOfMexicoSecretariatOfEconomyMember" xlink:label="GovernmentOfMexicoSecretariatOfEconomyMember"/>
		<link:label xlink:type="resource" xlink:label="label_GovernmentOfMexicoSecretariatOfEconomyMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Government of Mexico, Secretariat of Economy [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_GovernmentOfMexicoSecretariatOfEconomyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Government of Mexico, Secretariat of Economy</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentOfMexicoSecretariatOfEconomyMember" xlink:to="label_GovernmentOfMexicoSecretariatOfEconomyMember"/>
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_US" xlink:label="US"/>
		<link:label xlink:type="resource" xlink:label="label_US" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">UNITED STATES</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="US" xlink:to="label_US"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" xlink:label="GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember"/>
		<link:label xlink:type="resource" xlink:label="label_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Government of United States of America, Bureau of Land Management [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Government of United States of America, Bureau of Land Management</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" xlink:to="label_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" xlink:label="GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember"/>
		<link:label xlink:type="resource" xlink:label="label_GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Government of United States of America, US Department of Interior [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Government of United States of America, US Department of Interior</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" xlink:to="label_GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_IdahoDepartmentOfEnvironmentMember" xlink:label="IdahoDepartmentOfEnvironmentMember"/>
		<link:label xlink:type="resource" xlink:label="label_IdahoDepartmentOfEnvironmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Idaho Department of Environment [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_IdahoDepartmentOfEnvironmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Idaho Department of the Environment</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdahoDepartmentOfEnvironmentMember" xlink:to="label_IdahoDepartmentOfEnvironmentMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_NevadaDivisionOfEnvironmentalProtectionMember" xlink:label="NevadaDivisionOfEnvironmentalProtectionMember"/>
		<link:label xlink:type="resource" xlink:label="label_NevadaDivisionOfEnvironmentalProtectionMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Nevada Division of Environmental Protection [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_NevadaDivisionOfEnvironmentalProtectionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Nevada Division of Environmental Protection</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NevadaDivisionOfEnvironmentalProtectionMember" xlink:to="label_NevadaDivisionOfEnvironmentalProtectionMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_PensionBenefitGuarantyCorporationMember" xlink:label="PensionBenefitGuarantyCorporationMember"/>
		<link:label xlink:type="resource" xlink:label="label_PensionBenefitGuarantyCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Pension Benefit Guaranty Corporation [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_PensionBenefitGuarantyCorporationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Pension Benefit Guaranty Corporation</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionBenefitGuarantyCorporationMember" xlink:to="label_PensionBenefitGuarantyCorporationMember"/>
		<link:loc xlink:type="locator" xlink:href="usas-20241231.xsd#usas_ShoshoneCountyTaxCollectorMember" xlink:label="ShoshoneCountyTaxCollectorMember"/>
		<link:label xlink:type="resource" xlink:label="label_ShoshoneCountyTaxCollectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Shoshone County Tax Collector [Member]</link:label>
		<link:label xlink:type="resource" xlink:label="label_ShoshoneCountyTaxCollectorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Shoshone County Tax Collector</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShoshoneCountyTaxCollectorMember" xlink:to="label_ShoshoneCountyTaxCollectorMember"/>
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/snj/2024/snj-2024.xsd#snj_US-ID" xlink:label="US-ID"/>
		<link:label xlink:type="resource" xlink:label="label_US-ID" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">IDAHO</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="US-ID" xlink:to="label_US-ID"/>
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/snj/2024/snj-2024.xsd#snj_US-NV" xlink:label="US-NV"/>
		<link:label xlink:type="resource" xlink:label="label_US-NV" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">NEVADA</link:label>
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="US-NV" xlink:to="label_US-NV"/>
				</link:labelLink>
			</link:linkbase>
		</xs:appinfo>
	</xs:annotation>
	<xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
	<xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
	<xs:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
	<xs:import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd"/>
	<xs:import namespace="http://xbrl.sec.gov/dei/2024" schemaLocation="https://xbrl.sec.gov/dei/2024/dei-2024.xsd"/>
	<xs:import namespace="http://xbrl.sec.gov/country/2024" schemaLocation="https://xbrl.sec.gov/country/2024/country-2024.xsd"/>
	<xs:import namespace="http://xbrl.sec.gov/snj/2024" schemaLocation="https://xbrl.sec.gov/snj/2024/snj-2024.xsd"/>
	<xs:import namespace="http://xbrl.sec.gov/rxp/2024" schemaLocation="https://xbrl.sec.gov/rxp/2024/rxp-2024.xsd"/>
	<xs:element name="CosalOperationsMember" id="usas_CosalOperationsMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="DrumlummonMember" id="usas_DrumlummonMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="EjidoSanFelipeMember" id="usas_EjidoSanFelipeMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="EjidoSanJoseDeLasBocasMember" id="usas_EjidoSanJoseDeLasBocasMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="GalenaComplexMember" id="usas_GalenaComplexMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="GoldAndSilverMember" id="usas_GoldAndSilverMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="GovernmentOfMexicoSecretariatOfEconomyMember" id="usas_GovernmentOfMexicoSecretariatOfEconomyMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" id="usas_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" id="usas_GovernmentOfUnitedStatesOfAmericaUSDepartmentOfInteriorMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="IdahoDepartmentOfEnvironmentMember" id="usas_IdahoDepartmentOfEnvironmentMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="NevadaDivisionOfEnvironmentalProtectionMember" id="usas_NevadaDivisionOfEnvironmentalProtectionMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="PensionBenefitGuarantyCorporationMember" id="usas_PensionBenefitGuarantyCorporationMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="ReliefCanyonMember" id="usas_ReliefCanyonMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="ShoshoneCountyTaxCollectorMember" id="usas_ShoshoneCountyTaxCollectorMember" type="dtr:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
</xs:schema>
</XBRL>

```