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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 Blackriveron Jul 27, 2020 12:43pm
174 Views
Post# 31325015

RE:Cosola and Galena remain closed

RE:Cosola and Galena remain closedCorrect.  Short holdings have been excessive Within the broader PM market for many years and most are trying to exit or face margin calls with silver last weeks  price rise and heightened expectations.  JPM played out but still many around. Concurrently, hot money is flowing into the PM market as a hedge.  No news at all on USAS but it has been rising just fine for me, in fact better than most others.  It's noted increase in stock valuation has to be premised on something other than silence, last quarter's non report, global fiat money infusion, transportation balance sheets shredded, a declining dollar index or simply large quantities of Tinkerbell dust impacting. One premise is the company feels just fine sitting on significant resources in its terra footprint, faces  a declining availability of those resources in a growing industry market and will produce when POS reaches $50 or $100.  As long as this holding rises with all other silver and gold PM COMPANIES or the market price of gold and silver, this guy is just fine with no news and no next quarterly report. Abet as long as Blasutti and other high profile investors maintain company stock holdings.  I also understand the difficulty of buying a companies stock when there is no news.  Where,s the beef?  Holding thru Dec regardless
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