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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 JamesBlenderon May 21, 2014 1:29am
254 Views
Post# 22580857

USA Has Sucked As An Investment

USA Has Sucked As An InvestmentUSA has completely sucked as an investment for many reasons; 1. Shareholders traded 30% of their value for an uneconomic garbage mine that has zip for reserves. 2. The management of USA has pocketed millions of options at the same time shareholders have lost massive value and been diluted into oblivion. 3. Shareholders have suffered major dilution after many financings. 4. A net smelter royalty was given up for a financing. 5. Insiders are paid unbelievable wages for a company that is not profitable. 6. Even though USA is a publicly traded company and there is the illusion of voting, one shareholder is really calling the shots for USA. 7. Acquiring DrumLemon is a drain of valuable cash flow since it's uneconomic and requires care and maintenance. 8. I'll add more later....
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