In this study, Ca0.9Yb0.1MnO3 + x wt.% Ag (with x = 0, 1, 3, 5, and 10) thermoelectric materials were prepared via the classical ceramic method. In spite of the very high sintering temperature (1300 °C), no significant Ag losses were observed following this process. Moreover, Ag addition enhanced cation mobility during sintering due to the formation of a liquid phase. Microstructurally, it was found that Ag decreases porosity; this was confirmed by density measurements. Ag was also found to promote the formation of a Ca2Mn2O5 secondary phase. Despite the presence of this secondary phase, samples with Ag displayed lower electrical resistivity than Ag-free ones, without a drastic decrease in the absolute Seebeck coefficient. The highest thermoelectric performances, which were determined by power factor, were obtained in 1 wt.% Ag samples. These maximum values are slightly higher than the best of those reported in the literature for sintered materials with similar compositions, with the additional advantage of their being obtained using a much shorter sintering procedure.