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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States of America, and is re-evaluating the Relief Canyon mine in Nevada, United States of America. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala operations are located in the state of Sinaloa, Mexico and consist of 67 mining concessions that cover approximately 19,385 hectares. The Cosala operations are located in the east-central portion of the state of Sinaloa, Mexico, near the town of Cosala. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility.


TSX:USA - Post by User

Comment by goldpigon Nov 12, 2012 7:11pm
253 Views
Post# 20590674

RE: RE: RE: Accretive Acquisition or Not

RE: RE: RE: Accretive Acquisition or Not

sandy, that is an excellent summary of the recent short-term events and the thrust here for 2013.

Recent high cash costs are not endemic, due to temporary operating impairments at galena and a new mining plan for drumlumun will begin to pay off soon.

 

I see 2013 setting up for nearly  3.3 million oz of silver, with gross sales  of about $165 million, and with cash costs net of gold and copper credits of about $16 per oz or less.

This means cash flows of nearly $1 per oz for 2013.

Nothing else compares with this level of undervaluation.

Buy on any weakness is my advice.

 

 

 

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