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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

Post by strannickon Dec 02, 2012 5:50pm
465 Views
Post# 20672653

Operational cost cutting

Operational cost cutting

I just read how First Majestic, after taking over the La Guittara mine from Silvermex, cut operational costs at the mine by over half. I had that dog Silvermex, which in turn was previously the dog Genco. Neither of these could make La Guittara work, then FR comes along and bang, starts minting money. I had the FR warrant in 2011, and watched the fortunes of that company skyrocket, due to astute management. I believe USA, with its high grade and voluminous average grade ore, could also greatly avail of operational efficiencies prompted by superior managment, to bring down its cost per ounce. I think the potential is there big time.

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