[stock_market_widget type=”card” template=”basic2″ assets=”USAS” realtime=”true” api=”yahoo-finance”]
Every autumn, the Toronto Stock Exchange publishes a ranking of the 30 best performing stocks on its board, measured by dividend adjusted share price gains over the prior three years. This year, a North American silver producer with operations in Idaho and Mexico made that list for the first time. Americas Gold and Silver Corporation (NYSE American: USAS, TSX: USA) ranked 24th on the 2026 TSX30, a program that has recognized top performers since 2019. The ranking covers the three-year period ending June 30th, and the company’s shares rose 477% over that stretch, adding roughly $2.2 billion in market capitalization along the way.
The company itself is not a household name, but its business is straightforward. It runs the Galena Complex and the Crescent Silver Mine in Idaho, along with the Cosalá Operations in Sinaloa, Mexico. Silver is the primary product, though the company has also been growing its output of antimony, a metal produced as a by product of some of its ore. Antimony rarely makes headlines, but it has become one of the more closely watched materials in mining circles because of its use in batteries, flame retardants and certain defense applications.
That last point matters for understanding why this ranking is drawing attention beyond the usual mining press. Both silver and antimony have been described by the company as materials tied to artificial intelligence infrastructure, electrification and national security supply chains, categories that have pulled a wider set of investors into what used to be a narrow corner of the market. A three-year share price gain of this size, on its own, would be notable for almost any small company. Paired with a metals mix that touches several of the themes investors are currently chasing, it becomes a more interesting story.
Recognition on a list like the TSX30 is not the same as a change in the underlying business, but it does carry weight. Inclusion tends to bring a company more attention from analysts and institutional investors who might not otherwise look closely at a smaller mining name, and it can influence decisions around index inclusion down the road. Paul Andre Huet, the company’s Chairman and Chief Executive Officer, tied the achievement to changes inside the business rather than to market sentiment alone, pointing to growth in silver production and a stronger balance sheet as the drivers behind the stock’s performance.
Toronto Stock Exchange leadership framed the broader list in similar terms. Loui Anastasopoulos, Chief Executive Officer of the Toronto Stock Exchange, noted that half of this year’s TSX30 companies started out on the TSX Venture Exchange before graduating to the senior board, a path that Americas Gold and Silver itself followed. That trajectory, from a venture listed exploration company to a producer with two countries’ worth of operating mines, is part of what the ranking is meant to highlight.
None of this changes the risks that come with owning shares in a smaller mining company. Metal prices swing, operating costs can rise unexpectedly, and a strong three-year run does not guarantee the next three years will look the same. What the TSX30 ranking does offer is a data point: proof that a company most investors have never heard of has, over a defined period, outperformed almost every other stock on one of North America’s larger exchanges. Whether that performance continues will depend on execution at its mines in Idaho and Mexico, and on whether the demand story around silver and antimony holds up as well as it has so far.
