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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 Jan 02, 2013 9:08pm
351 Views
Post# 20790957

USA Leverage to Silver

USA Leverage to Silver

US Silver isnt the best gainer with silver @ $29. US Silver is maybe the best silver play once silver starts taking off. 

As for the ''huge loss'' you mention, I'll wait and see the numbers. Most silver companies will post losses in Q4 I imagine, while in Q3, US Silver performed much better than its peers.

US Silver's profit margins are maybe the most leveraged to a rising silver price. As per Eric Sprott and others, I believe silver will erupt in 2013. I didnt buy US Silver assuming silver will trade @ $29. I bought it because I believe silver is going higher, and US Silver is the best miner to play a rising silver price. My pick in 2010/2011 was First Majestic, and it didnt disappoint either.

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